The stock price of Workhorse Group Inc. (NASDAQ: WKHS) has dropped by -3.87 compared to previous close of 0.90. Despite this, the company has seen a fall of -12.04% in its stock price over the last five trading days. Barron’s reported on 11/08/22 that Workhorse Keeps Sales Guidance but Tightens Range of Vehicles It Will Make in 2022
Is It Worth Investing in Workhorse Group Inc. (NASDAQ: WKHS) Right Now?
Additionally, the 36-month beta value for WKHS is 2.74.
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The public float for WKHS is 157.75M and currently, short sellers hold a 28.27% ratio of that float. The average trading volume of WKHS on May 25, 2023 was 4.80M shares.
WKHS’s Market Performance
WKHS’s stock has seen a -12.04% decrease for the week, with a -5.73% drop in the past month and a -56.72% fall in the past quarter. The volatility ratio for the week is 8.63%, and the volatility levels for the past 30 days are at 9.85% for Workhorse Group Inc. The simple moving average for the past 20 days is -11.27% for WKHS’s stock, with a -59.27% simple moving average for the past 200 days.
WKHS Trading at -22.81% 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 -81.79% of loss for the given period.
Volatility was left at 9.85%, however, over the last 30 days, the volatility rate increased by 8.63%, as shares sank -4.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.14% lower at present.
During the last 5 trading sessions, WKHS fell by -12.04%, which changed the moving average for the period of 200-days by -80.73% in comparison to the 20-day moving average, which settled at $0.9686. In addition, Workhorse Group Inc. saw -43.34% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WKHS starting from March Stanley Raymond, who purchase 24,000 shares at the price of $1.88 back on Dec 14. After this action, March Stanley Raymond now owns 67,000 shares of Workhorse Group Inc., valued at $45,120 using the latest closing price.
March Stanley Raymond, the VP, Business Development of Workhorse Group Inc., purchase 1,000 shares at $1.90 during a trade that took place back on Dec 13, which means that March Stanley Raymond is holding 43,000 shares at $1,900 based on the most recent closing price.
Stock Fundamentals for WKHS
Current profitability levels for the company are sitting at:
- -2171.64 for the present operating margin
- -649.99 for the gross margin
The net margin for Workhorse Group Inc. stands at -2334.71. The total capital return value is set at -68.25, while invested capital returns managed to touch -73.75. Equity return is now at value -94.60, with -63.60 for asset returns.
Based on Workhorse Group Inc. (WKHS), the company’s capital structure generated 9.32 points at debt to equity in total, while total debt to capital is 8.53. Total debt to assets is 5.54, with long-term debt to equity ratio resting at 8.14. Finally, the long-term debt to capital ratio is 7.45.
When we switch over and look at the enterprise to sales, we see a ratio of 12.37, with the company’s debt to enterprise value settled at 0.07. The receivables turnover for the company is 0.58 and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.20.
Conclusion
In conclusion, Workhorse Group Inc. (WKHS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
