compared to its average ratio and a 36-month beta value of 2.90. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Workhorse Group Inc. (WKHS) is $2.33, which is $1.74 above the current market price. The public float for WKHS is 202.82M, and currently, short sellers hold a 21.53% ratio of that float. The average trading volume of WKHS on September 15, 2023 was 10.94M shares.
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WKHS) stock’s latest price update
The stock of Workhorse Group Inc. (NASDAQ: WKHS) has decreased by -5.04 when compared to last closing price of 0.63.Despite this, the company has seen a gain of 1.68% in its stock price over the last five trading days. InvestorPlace reported 2023-09-13 that Workhorse (NASDAQ: WKHS ) stock is on the rise Wednesday thanks to a new update from the IRS concerning its electric vehicle (EV) manufacturer status. The IRS has approved Workhorse as being eligible for the qualified manufacturer for the Commercial Clean Vehicle Credit.
WKHS’s Market Performance
Workhorse Group Inc. (WKHS) has seen a 1.68% rise in stock performance for the week, with a -24.85% decline in the past month and a -45.00% plunge in the past quarter. The volatility ratio for the week is 11.95%, and the volatility levels for the past 30 days are at 9.16% for WKHS. The simple moving average for the past 20 days is -17.37% for WKHS’s stock, with a -55.59% simple moving average for the past 200 days.
Analysts’ Opinion of WKHS
Many brokerage firms have already submitted their reports for WKHS stocks, with ROTH Capital repeating the rating for WKHS by listing it as a “Neutral.” The predicted price for WKHS in the upcoming period, according to ROTH Capital is $3.50 based on the research report published on August 09, 2022 of the previous year 2022.
WKHS Trading at -36.49% 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 -82.68% of loss for the given period.
Volatility was left at 9.16%, however, over the last 30 days, the volatility rate increased by 11.95%, as shares sank -21.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.62% lower at present.
During the last 5 trading sessions, WKHS rose by +5.03%, which changed the moving average for the period of 200-days by -70.64% in comparison to the 20-day moving average, which settled at $0.7105. In addition, Workhorse Group Inc. saw -60.92% 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 -108.00, with -65.70 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 4.01, 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
To put it simply, Workhorse Group Inc. (WKHS) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
