During the last session, Workhorse Group Inc. (NASDAQ:WKHS)’s traded shares were 8,314,335, with the beta value of the company hitting 2.78. At the end of the trading day, the stock’s price was $13.2, reflecting an intraday loss of -4.38% or -$0.61. The 52-week high for the WKHS share is $42.96, that puts it down -225.46% from that peak though still a striking +87.65% gain since the share price plummeted to a 52-week low of $1.63. The company’s market capitalization is $1.68 Billion, and the average intraday trading volume over the past 10 days was 9.97 Million shares, and the average trade volume was 21.3 Million shares over the past three months.

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Workhorse Group Inc. (WKHS) received a consensus recommendation of Overweight from analysts. That translates to a mean rating of 2.4. WKHS has a Sell rating from none of the analyst(s) out of 7 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while none of them suggest Overweight, and 3 recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.17.

Workhorse Group Inc. (NASDAQ:WKHS): Trading Information

Workhorse Group Inc. (WKHS) registered a -4.38% downside in the last session and has traded in the red over the past 5 sessions. The stock spiked 11.44% in intraday trading to $14.91 this Thursday, Apr 01, hitting a weekly high. The stock’s 5-day price performance is -1.46%, and it has moved by -3.82% in 30 days. Despite these dips, the overall price performance for the year is -33.24%. The short interest in Workhorse Group Inc. (NASDAQ:WKHS) is 29.62 Million shares and it means that shorts have 1.39 day(s) to cover.

The consensus price target of analysts on Wall Street is $19.4, which implies an increase of 46.97% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $29 respectively. As a result, WKHS is trading at a discount of 119.7% off the target high and -16.67% off the low.

Workhorse Group Inc. (WKHS) projections and forecasts

Statistics show that Workhorse Group Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Workhorse Group Inc. (WKHS) shares have jump down -45.93% during the last six months, with a year-to-date growth rate less than the industry average at -191.43% against 25.3%. Yet analysts are winding down their growth forecast for the fiscal year 2021. Revenue is predicted to decline -383.3% this quarter and then jump 89.8% in the quarter after that. In the rating firms’ projections, revenue will increase 7971.8% compared to the previous financial year.

Revenue for the current quarter is expected to be $2.71 Million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $14.57 Million by the end of June 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $84Million and $92Million respectively. In this case, analysts expect current quarter sales to grow by 3126.2% and then jump by 15737% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 26.8%. While earnings are projected to return 220.5% in 2021, the next five years will return 0% per annum.


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Workhorse Group Inc. (NASDAQ:WKHS)’s Biggest Investors

Workhorse Group Inc. insiders own 8.34% of total outstanding shares while institutional holders control 39%, with the float percentage being 42.55%. Blackrock Inc. is the largest shareholder of the company, while 299 institutions own stock in it. As of Dec 30, 2020, the company held over 7.1 Million shares (or 5.59% of all shares), a total value of $140.38 Million in shares.

The next largest institutional holding, with 5.23 Million shares, is of Vanguard Group, Inc. (The)’s that is approximately 4.12% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $103.49 Million.

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Also, the Mutual Funds coming in first place with the largest holdings of Workhorse Group Inc. (WKHS) shares are ARK ETF Tr-ARK Autonomous Technology & Robotics ETF and Vanguard Total Stock Market Index Fund. Data provided on Feb 27, 2021 indicates that ARK ETF Tr-ARK Autonomous Technology & Robotics ETF owns about 3,176,359 shares. This amounts to just over 2.5 percent of the company’s overall shares, with a $51.36 Million market value. The same data shows that the other fund manager holds slightly less at 3.06 Million, or about 2.41% of the stock, which is worth about $60.51 Million.

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