Workhorse Group Inc. (NASDAQ:WKHS) has a beta value of 2.03 and has seen 49,997,799 shares traded in the last trading session. The company, currently valued at $699.23 Million, closed the last trade at $9.9 per share which meant it gained $1.34 on the day or 15.65% during that session. The WKHS stock price is -4.04% off its 52-week high price of $10.3 and 86.67% above the 52-week low of $1.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 31.33 Million shares traded. The 3-month trading volume is 5.86 Million shares.
The consensus among analysts is that Workhorse Group Inc. (WKHS) is a Buy stock at the moment, with a recommendation rating of 1.5. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 4 have rated it as a Hold, with 4 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.1.
Workhorse Group Inc. (NASDAQ:WKHS) trade information
Sporting 15.65% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Jun 26 when the WKHS stock price touched $10.30- or saw a rise of 3.88%. Year-to-date, Workhorse Group Inc. shares have moved 225.66%, while the 5-day performance has seen it change 102.87%. Over the past 30 days, the shares of Workhorse Group Inc. (NASDAQ:WKHS) have changed 269.4%. Short interest in the company has seen 9.99 Million shares shorted with days to cover at 1.7.
Wall Street analysts have a consensus price target for the stock at $11.13, which means that the shares’ value could jump 12.42% from current levels. The projected low price target is $10 while the price target rests at a high of $12. In that case, then, we find that the current price level is +21.21% off the targeted high while a plunge would see the stock lose 1.01% from current levels.
Workhorse Group Inc. (WKHS) estimates and forecasts
Figures show that Workhorse Group Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +186.13% over the past 6 months, with this year growth rate of 385.71%, compared to -27.5% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 83.6% and 41.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be +5836.3%.
4 analysts offering their estimates for the company have set an average revenue estimate of $960Million for the current quarter. 4 have an estimated revenue figure of $7.08 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $6Million and $4Million respectively for this quarter and the next, and analysts expect sales will grow by 15900% for the current quarter and 176900% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -3.6% over the past 5 years. Earnings growth for 2020 is a modest +21.7% while over the next 5 years, the company’s earnings are expected to increase by 0%.