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Workhorse Group Inc. (NASDAQ: WKHS) Is Up 53.01% From Its 52-Week Low; YTD, It Is Up 2.98% – What To Do Now

During the last session, Workhorse Group Inc. (NASDAQ:WKHS)’s traded shares were 8.4 million, with the beta value of the company hitting 2.92. At the end of the trading day, the stock’s price was $4.49, reflecting an intraday gain of 10.59% or $0.43. The 52-week high for the WKHS share is $10.90, that puts it down -142.76 from that peak though still a striking 53.01% gain since the share price plummeted to a 52-week low of $2.11. The company’s market capitalization is $678.03M, and the average intraday trading volume over the past 10 days was 4.72 million shares, and the average trade volume was 4.73 million shares over the past three months.

Workhorse Group Inc. (WKHS) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. WKHS has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.12.

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Workhorse Group Inc. (NASDAQ:WKHS) trade information

Workhorse Group Inc. (WKHS) registered a 10.59% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 10.59% in intraday trading to $4.49 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 39.88%, and it has moved by 62.68% in 30 days. Based on these gigs, the overall price performance for the year is -56.87%. The short interest in Workhorse Group Inc. (NASDAQ:WKHS) is 43.52 million shares and it means that shorts have 10.27 day(s) to cover.

The consensus price target of analysts on Wall Street is $6.33, which implies an increase of 29.07% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $11.00 respectively. As a result, WKHS is trading at a discount of -144.99% off the target high and 33.18% off the low.

Workhorse Group Inc. (WKHS) estimates and forecasts

Statistics show that Workhorse Group Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Workhorse Group Inc. (WKHS) shares have gone up 41.64% during the last six months, with a year-to-date growth rate more than the industry average at 83.65% against -0.40. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 65.70% this quarter and then jump 84.40% in the quarter after that. In the rating firms’ projections, revenue will decrease -2,927.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $10k as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $5.45 million by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -32.10%. While earnings are projected to return -546.80% in 2022.

WKHS Dividends

Workhorse Group Inc. is due to release its next quarterly earnings between February 28 and March 04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Workhorse Group Inc. (NASDAQ:WKHS)’s Major holders

Workhorse Group Inc. insiders own 3.89% of total outstanding shares while institutional holders control 32.40%, with the float percentage being 33.71%. Blackrock Inc. is the largest shareholder of the company, while 292 institutions own stock in it. As of Mar 30, 2022, the company held over 10.13 million shares (or 6.20% of all shares), a total value of $50.67 million in shares.

The next largest institutional holding, with 6.98 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 4.27% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $34.92 million.

Also, the Mutual Funds coming in first place with the largest holdings of Workhorse Group Inc. (WKHS) shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2022 indicates that Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF owns about 4.55 million shares. This amounts to just over 2.78 percent of the company’s overall shares, with a $11.83 million market value. The same data shows that the other fund manager holds slightly less at 3.87 million, or about 2.36% of the stock, which is worth about $19.33 million.

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