Workhorse Group Inc. (NASDAQ:WKHS) finished Wednesday with an addition of $0.25 to close at $6.68, an upside of 3.89 percent. An average of 8,988,080 shares of common stock have been traded in the last five days. There was a gain of $0.42 in the past week. The last 20 days have seen an average of 8,153,190 shares traded, while the 50-day average volume stands at 7,800,590.
WKHS stock has decreased by -20.95% in the last month. The company shares reached their 1-month lowest point of $6.02 on 10/11/21. With the stock rallying to its 52-week high on 02/04/21, shares of the company touched a low of $6.02 and a high of $42.96 in 52 weeks. In spite of this, the price is down -84.45% from the 52-week high.
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150 days have passed since Workhorse Group Inc. (WKHS) last reported insider trading activity. Chess Raymond Joseph, who is Director, most recently acquired $5,000 shares at $8.00 per share on May 17. In this transaction, the insider spent $40,000. Director, Chess Raymond Joseph, disposed of 5,000 shares at a price of $12.59 on Apr 15. The insider now owns more than $62,950 worth of shares. Prior to that, Director Chess Raymond Joseph went on to Sale 5,000 shares at $16.67 each on Mar 15. An amount of $83,350 was transacted.
Workhorse Group Inc. (WKHS) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 31.09 for the sector. In the last five years, Workhorse Group Inc.’s PE ratio has ranged between 127.13 and 46.28. The stock’s beta is 2.70. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 298.64, the price-to-book (PB) ratio at 3.69.
The quick ratio of Workhorse Group Inc. for the three months ended June 29 was 21.60, and the current ratio was 24.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.90 and a total debt to equity ratio of 0.90 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin 5-year average of -907.4%. Workhorse Group Inc.’s EBITDA margin for the year ending June 29 is -2884.81%. Its gross profit as reported stood at -$11.68 million compared to revenue of $1.39 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Workhorse Group Inc.’s return on assets was 7.70%, compared to -165.5% over the last five years. For the broader industry, ROE averaged 10.14 over the past year.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.2 million in the quarter, while revenues of $0.52 million were grew 93.33%. The analyst consensus anticipated Workhorse Group Inc.’s latest quarter earnings to come in at -$0.29 per share, but it turned out to be -$0.35, a -20.70% surprise. For the quarter, EBITDA amounted to -$33.95 million. Shareholders own equity worth $123.95 million.
From a technical analysis perspective, let’s take a brief look at Workhorse Group Inc. (WKHS) price momentum. RSI 9-day as of the close on 13 October was 40.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 74.55%.
As of today, WKHS’s price is $6.32 +6.71% or $0.42 from its 5-day moving average. WKHS is currently trading -18.83% lower than its 20-day SMA and -21.04% lower than its 100-day SMA. However, the stock’s current price level is -37.63% below the SMA50 and -68.67% below the SMA200.
The stochastic %K and %D were 15.38% and 8.81%, respectively, and the average true range (ATR) was 0.47. With the 14-day stochastic at 27.95% and the average true range at 0.50, the RSI (14) stands at 37.29%. The stock has reached -0.18 on the 9-day MACD Oscillator while the 14-day reading was at -0.64.
DA Davidson launched coverage on Workhorse Group Inc. (NASDAQ: WKHS) in its analyst report released on August 11, 2021. The firm assigned the stock a a Neutral rating.The consensus rating for Workhorse Group Inc. (WKHS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell WKHS, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
What is WKHS’s price target for the next 12 months?
Analysts predict a range of price targets between $6.00 and $18.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Workhorse Group Inc. (WKHS) stock is $10.25.