Workhorse Group Inc [NASDAQ: WKHS] gained 37.65% on the last trading session, reaching $0.76 price per share at the time.
Workhorse Group Inc represents 23.96 million in outstanding shares, while the company has a total market value of $18.18 million with the latest information. WKHS stock price has been found in the range of $0.54 to $0.8498.
If compared to the average trading volume of 1.09M shares, WKHS reached a trading volume of 18037939 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 $0.65 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 3.00. 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 Price to Book ratio for the last quarter was 0.50, with the Price to Cash per share for the same quarter was set at 1.59.
Trading performance analysis for WKHS stock
Workhorse Group Inc [WKHS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.81. With this latest performance, WKHS shares dropped by -31.03% in over the last four-week period, additionally sinking by -13.55% over the last 6 months – not to mention a drop of -91.30% 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 39.83, with the RSI for the last a single of trading hit 0.1036, and the three-weeks RSI is set at 0.0916 for Workhorse Group Inc [WKHS]. The present Moving Average for the last 50 days of trading for this stock 1.0186, while it was recorded at 0.6566 for the last single week of trading, and 1.9191 for the last 200 days.
Workhorse Group Inc [WKHS]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Workhorse Group Inc [WKHS] shares currently have an operating margin of -558.74% and a Gross Margin at -236.75%. Workhorse Group Inc’s Net Margin is presently recorded at -606.69%.
Workhorse Group Inc (WKHS) Capital Structure & Debt Analysis
According to recent financial data for Workhorse Group Inc. ( WKHS), the Return on Equity (ROE) stands at -162.44%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -59.07%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Workhorse Group Inc’s Return on Invested Capital (ROIC) is -114.43%, showcasing its effectiveness in deploying capital for earnings.
Workhorse Group Inc (WKHS) Efficiency & Liquidity Metrics
Based on Workhorse Group Inc’s (WKHS) latest financial statements, the Debt-to-Equity Ratio is 1.69%, indicating its reliance on debt financing relative to shareholder equity.
Workhorse Group Inc (WKHS) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Workhorse Group Inc. (WKHS) effectively leverages its workforce, generating an average of -$450559.44 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.21% and a Quick Ratio of 0.71%, indicating strong ability to cover short-term liabilities.
Workhorse Group Inc [WKHS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Workhorse Group Inc posted -0.94/share EPS, while the average EPS was predicted by analysts to be reported at -4.38/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.44. 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 $2.87%, or 2.87%% of WKHS stock, in the hands of institutional investors. The top three institutional holders of WKHS stocks are: VANGUARD GROUP INC with ownership of 0.55 million shares, which is approximately 0.4269%. CENTIVA CAPITAL, LP, holding 0.33 million shares of the stock with an approximate value of $$0.52 million in WKHS stocks shares; and CENTIVA CAPITAL, LP, currently with $$0.45 million in WKHS stock with ownership which is approximately 0.2197%.
