Workhorse Group Inc [NASDAQ: WKHS] gained 1.67% or 0.02 points to close at $1.22 with a heavy trading volume of 2352471 shares.
The daily chart for WKHS points out that the company has recorded -98.57% loss over the past six months.
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If we look at the average trading volume of 3.04M shares, WKHS reached to a volume of 2352471 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Workhorse Group Inc [WKHS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WKHS shares is $0.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WKHS stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH Capital have made an estimate for Workhorse Group Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 09, 2022. While these analysts kept the previous recommendation, R. F. Lafferty raised their target price from $4 to $6. The new note on the price target was released on March 03, 2022, representing the official price target for Workhorse Group Inc stock. Previously, the target price had yet another raise to $7, while ROTH Capital analysts kept a Buy rating on WKHS stock.
The Average True Range (ATR) for Workhorse Group Inc is set at 0.17, with the Price to Sales ratio for WKHS stock in the period of the last 12 months amounting to 3.09. The Price to Book ratio for the last quarter was 0.43, with the Price to Cash per share for the same quarter was set at 0.22.
Trading performance analysis for WKHS stock
Workhorse Group Inc [WKHS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.28. With this latest performance, WKHS shares gained by 52.77% in over the last four-week period, additionally sinking by -98.57% over the last 6 months – not to mention a drop of -99.19% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WKHS stock in for the last two-week period is set at 60.48, with the RSI for the last a single of trading hit 62.16, and the three-weeks RSI is set at 59.81 for Workhorse Group Inc [WKHS]. The present Moving Average for the last 50 days of trading for this stock 0.8470, while it was recorded at 1.2460 for the last single week of trading, and 2.6351 for the last 200 days.
Workhorse Group Inc [WKHS]: A deeper dive into fundamental analysis
Workhorse Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 1.43.
Workhorse Group Inc [WKHS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Workhorse Group Inc posted -3.8/share EPS, while the average EPS was predicted by analysts to be reported at -1.4/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.4. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WKHS.
An analysis of Institutional ownership at Workhorse Group Inc [WKHS]
There are presently around $21.41%, or 22.32%% of WKHS stock, in the hands of institutional investors. The top three institutional holders of WKHS stocks are: RONALD BLUE TRUST, INC. with ownership of 13700.0 shares, which is approximately 0.0045%. IFP ADVISORS, INC, holding 3930.0 shares of the stock with an approximate value of $$590.0 in WKHS stocks shares; and IFP ADVISORS, INC, currently with $$550.0 in WKHS stock with ownership which is approximately 0.0012%.
