In recent trading session, Workhorse Group Inc. (NASDAQ:WKHS) saw 1.15 million shares changing hands at last check today with its beta currently measuring 2.52. Company’s recent per share price level of $3.99 trading at -$0.02 or -0.50% at last check today assigns it a market valuation of $623.96M. That most recent trading price of WKHS’s stock is at a discount of -976.69% from its 52-week high price of $42.96 and is indicating a premium of 2.76% from its 52-week low price of $3.88. Taking a look at company’s average trading volume of 7.65 million if we extend that period to 3-months.
For Workhorse Group Inc. (WKHS), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.14 in the current quarter.
Workhorse Group Inc. (NASDAQ:WKHS) trade information
Upright in the red during last session for losing -0.50%, in the last five days WKHS remained trading in the red while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $3.99 price level, adding 6.56% to its value on the day. Workhorse Group Inc.’s shares saw a change of -8.03% in year-to-date performance and have moved -2.20% in past 5-day. Workhorse Group Inc. (NASDAQ:WKHS) showed a performance of -20.59% in past 30-days.
Wall Street analysts have assigned a consensus price target of $9.65 to the stock, which implies a rise of 58.65% to its recent value today. Analysts have been projecting $6.75 as a low price target for the stock while placing it at a high target of $14.00. It follows that stock’s current price would drop -250.88% in reaching the projected high whereas dropping to the targeted low would mean a loss of -69.17% for stock’s current value.
Workhorse Group Inc. (WKHS) estimates and forecasts
Statistics highlight that Workhorse Group Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -65.67% of value to its shares in past 6 months, showing an annual growth rate of -404.29% while that of industry is 14.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -104.30% in the current quarter and calculating 84.70% increase in the next quarter. This year revenue growth is estimated to fall -11.00% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $80k for the same. And 5 analysts are in estimates of company making revenue of $1.01 million in the next quarter that will end on Mar 2022. Company posted $652k and $521k of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -87.70% while estimating it to be 93.90% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 26.80% during past 5 years.
Workhorse Group Inc. is more likely to be releasing its next quarterly report between February 28 and March 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Workhorse Group Inc. (NASDAQ:WKHS)’s Major holders
Insiders are in possession of 12.81% of company’s total shares while institution are holding 30.89 percent of that, with stock having share float percentage of 35.43%. Investors also watch the number of corporate investors in a company very closely, which is 30.89% institutions for Workhorse Group Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at WKHS for having 8.53 million shares of worth $65.26 million. And as of Sep 29, 2021, it was holding 5.47% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 5.63 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 3.61% of outstanding shares, having a total worth of $43.04 million.
On the other hand, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 3.39 million shares of worth $22.84 million or 2.18% of the total outstanding shares. The later fund manager was in possession of 3.13 million shares on Sep 29, 2021, making its stake of worth around $23.97 million in the company or a holder of 2.01% of company’s stock.