Workhorse Group Inc. (NASDAQ:WKHS) went down by -19.02% from its latest closing price compared to the recent 1-year high of $30.99. The company’s stock price has collected -29.01% of loss in the last five trading sessions. MarketWatch.com reported 7 hours ago that Workhorse Group Inc. stock underperforms Wednesday when compared to competitors
Is It Worth Investing in Workhorse Group Inc. (NASDAQ :WKHS) Right Now?
Plus, the 36-month beta value for WKHS is at 3.62. Opinions of the stock are interesting as 4 analysts out of 6 who provided ratings for Workhorse Group Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 2 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $24.00, which is $3.37 above the current price. WKHS currently public float of 111.58M and currently shorts hold a 35.13% ratio of that float. Today, the average trading volume of WKHS was 23.44M shares.
WKHS’s Market Performance
WKHS stocks went down by -29.01% for the week, with a monthly jump of 27.61% and a quarterly performance of 7.84%, while its annual performance rate touched 637.55%. The volatility ratio for the week stands at 9.89% while the volatility levels for the past 30 days are set at 10.90% for Workhorse Group Inc.. The simple moving average for the period of the last 20 days is -7.60% for WKHS stocks with a simple moving average of 66.29% for the last 200 days.
Analysts’ Opinion of WKHS
ROTH Capital, on the other hand, stated in their research note that they expect to see WKHS reach a price target of $27, previously predicting the price at $33. The rating they have provided for WKHS stocks is “Neutral” according to the report published on October 13th, 2020.
Oppenheimer gave a rating of “Outperform” to WKHS, setting the target price at $23 in the report published on September 03rd of the current year.
WKHS Trading at -8.21% from the 50-Day Moving Average
After a stumble in the market that brought WKHS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.08% of loss for the given period.
Volatility was left at 10.90%, however, over the last 30 days, the volatility rate increased by 9.89%, as shares surge +14.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.08% lower at present.
During the last 5 trading sessions, WKHS fell by -29.01%, which changed the moving average for the period of 200-days by +485.39% in comparison to the 20-day moving average, which settled at $22.24. In addition, Workhorse Group Inc. saw 572.04% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at WKHS starting from Mader Pamela S., who sale 8,000 shares at the price of $30.00 back on Nov 24. After this action, Mader Pamela S. now owns 3,939 shares of Workhorse Group Inc., valued at $240,000 using the latest closing price.
Samuels H. Benjamin, the Director of Workhorse Group Inc., sale 66,666 shares at $25.01 during a trade that took place back on Nov 20, which means that Samuels H. Benjamin is holding 387,631 shares at $1,667,573 based on the most recent closing price.
Stock Fundamentals for WKHS
Current profitability levels for the company are sitting at:
- -6338.12 for the present operating margin
- -1452.17 for the gross margin
The net margin for Workhorse Group Inc. stands at -9868.98. Equity return is now at value 602.00, with -310.20 for asset returns.
When we switch over and look at the enterrpise to sales, we see a ratio of 607.63, with the company’s debt to enterprise value settled at 0.25. The receivables turnover for the company is 8.43 and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.