Workhorse Group Inc [WKHS] stock is trading at $1.40, up 6.87%. An important factor to consider is whether the stock is rising or falling in short-term value. The WKHS shares have gain 13.82% over the last week, with a monthly amount drifted -32.04%, and not seem to be holding up well over a long-time horizon.
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 [WKHS] stock has fluctuated between $1.09 and $68.07 over the past year. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Workhorse Group Inc [NASDAQ: WKHS] shares were valued at $1.40 at the most recent close of the market. An investor can expect a potential return of 42.86% based on the average WKHS price forecast.
Analyzing the WKHS fundamentals
Workhorse Group Inc [NASDAQ:WKHS] reported sales of 6.62M for the trailing twelve months, which represents a drop of -56.31%. Gross Profit Margin for this corporation currently stands at -3.36% with Operating Profit Margin at -11.17%, Pretax Profit Margin comes in at -15.4%, and Net Profit Margin reading is -15.38%. To continue investigating profitability, this company’s Return on Assets is posted at -1.08, Equity is -1.87 and Total Capital is -1.52. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.
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 1.2833 points at the first support level, and at 1.1667 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5433, and for the 2nd resistance point, it is at 1.6867.
Ratios To Look Out For
For context, Workhorse Group Inc’s Current Ratio is 1.18. On the other hand, the Quick Ratio is 0.26, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 0.12.
