A share price of Workhorse Group Inc [WKHS] is currently trading at $0.16, up 8.80%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WKHS shares have gain 2.36% over the last week, with a monthly amount drifted -22.84%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Workhorse Group Inc [NASDAQ: WKHS] stock has seen the most recent analyst activity on August 09, 2022, when ROTH Capital downgraded its rating to a Neutral and also revised its price target to $3.50 from $7. Previously, R. F. Lafferty upgraded its rating to Buy on March 03, 2022, and elevated its price target to $6. On March 02, 2022, upgrade upgraded it’s rating to Buy but maintained its price target of $7 on the stock. DA Davidson initiated its recommendation with a Neutral and recommended $10 as its price target on August 11, 2021. Cowen downgraded its rating to Market Perform for this stock on June 04, 2021, but kept the price target unchanged to $13. In a note dated April 16, 2021, B. Riley Securities initiated an Buy rating and provided a target price of $20 on this stock.
Workhorse Group Inc experienced fluctuations in its stock price throughout the past year between $0.15 and $1.36. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Workhorse Group Inc [NASDAQ: WKHS] shares were valued at $0.16 at the most recent close of the market. An investor can expect a potential return of 1150.0% based on the average WKHS price forecast.
Analyzing the WKHS fundamentals
Trailing Twelve Months sales for Workhorse Group Inc [NASDAQ:WKHS] were 13.09M which represents 27.82% growth. Gross Profit Margin for this corporation currently stands at -1.93% with Operating Profit Margin at -8.04%, Pretax Profit Margin comes in at -9.47%, and Net Profit Margin reading is -9.38%. To continue investigating profitability, this company’s Return on Assets is posted at -0.87, Equity is -1.2 and Total Capital is -1.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.1546 points at the first support level, and at 0.1447 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.1720, and for the 2nd resistance point, it is at 0.1795.
Workhorse Group Inc [WKHS] reported earnings per share of -$0.19 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.09/share, meaning a difference of -$0.1 and a surprise factor of -111.10%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were -$0.14 per share as compared to estimates of -$0.12 per share, a difference of -$0.02 representing a surprise of -16.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Workhorse Group Inc [NASDAQ:WKHS] is 1.76. In addition, the Quick Ratio stands at 0.91 and the Cash Ratio stands at 0.67. Considering the valuation of this stock, the price to sales ratio is 3.96, the price to book ratio is 0.57.
