What Are The Risk Factors For Workhorse Group Inc. (WKHS)?

As of Thursday close, Workhorse Group Inc.’s (NASDAQ:WKHS) stock was up $0.43, moving up 10.59 percent to $4.49. The average number of shares traded per day over the past five days has been 6,169,220 shares. 5 times new highs have been achieved over the past 5 days, with a $1.28 gain in that time frame. In the last twenty days, the average volume was 4,694,305, while in the previous 50 days, it was 4,565,508.

Since last month, WKHS stock rose 62.68%. Shares of the company fell to $2.45 on 07/05/22, the lowest level in the past month. A 52-week high of $10.90 was reached on 04/05/22 after having rallying from a 52-week low of $2.11. Since the beginning of this year, WKHS’s stock price has risen by 2.98% or $0.13, and marked a new high 7 times. However, the stock has declined by -58.83% since its 52-week high.

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Workhorse Group Inc. (WKHS) last reported insider trading activity 143 days ago on Mar 15. Mader Pamela S., the Director of the company, purchased of 12,600 shares for $3.18 on Mar 15. It resulted in a $40,050 investment by the insider. DAUCH RICHARD F added 50,000 shares at an average price of $3.10 on Mar 14. The insider now owns 1,955,115 shares following the transaction. On Mar 14, VP, Business Development March Stanley Raymond bought 15,000 shares at $3.18 apiece. The transaction was valued at $47,700.

Financial Health

In the three months ended March 30, Workhorse Group Inc.’s quick ratio stood at 8.20, while its current ratio was 8.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.16. Based on annual data, WKHS earned -$133.34 million in gross profit and brought in -$0.85 million in revenue.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. WKHS’s revenue fell -5100.0% to -$2.0 million during the quarter, while net income inched up to $10000.0. While analysts expected Workhorse Group Inc. to report -$0.12 quarterly earnings, the actual figure was -$0.15 per share, beating the consensus estimate by -25.00%. During the quarter, the company generated -$19.51 million in EBITDA. The liabilities of Workhorse Group Inc. were 53.33 million at the end of its most recent quarter ended March 30, and its total debt was $32.81 million. The value of shareholders’ equity is $163.51 million.

Technical Picture

This quick technical analysis looks at Workhorse Group Inc.’s (WKHS) price momentum. With a historical volatility rate of 76.28%, the RSI 9-day stood at 81.55% on 04 August.

With respect to its five-day moving average, the current Workhorse Group Inc. price is up by +39.88% percent or $1.28. At present, WKHS shares trade +56.99% above its 20-day simple moving average and +31.67% percent above its 100-day simple moving average. However, the stock is currently trading approximately +62.68% above its SMA50 and -29.51% below its SMA200.

Stochastic coefficient K was 97.75% and Stochastic coefficient D was 87.33%, while ATR was 0.30. Given the Stochastic reading of 95.45% for the 14-day period, the RSI (14) reading has been calculated as 75.17%. As of today, the MACD Oscillator reading stands at 0.67, while the 14-day reading stands at 0.74.

Analyst Ratings

R. F. Lafferty upgraded its rating on Workhorse Group Inc. (NASDAQ: WKHS) to a Buy in a note to investors on March 03, 2022. The analysts firm previously had a Hold rating on the stock.Workhorse Group Inc. (WKHS) has been rated Overweight by analysts. According to 0 brokerage firms, WKHS is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Workhorse Group Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $6.00, the current consensus forecast for the stock is $3.00 – $11.00. Based on these forecasts, analysts predict Workhorse Group Inc. (WKHS) will achieve an average price target of $6.33.


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