During the recent session, Workhorse Group Inc (NASDAQ:WKHS)’s traded shares were 4.55 million, with the beta value of the company hitting 2.46. The company’s market capitalization is $63.42M, and the average intraday trading volume over the past 10 days was 17.34 million shares, and the average trade volume was 9.61 million shares over the past three months.
Workhorse Group Inc (NASDAQ:WKHS) trade information
Workhorse Group Inc (WKHS) registered a -1.54% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.54% in intraday trading to $0.20, hitting a weekly high. The stock’s 5-day price performance is -14.13%, and it has moved by -33.60% in 30 days. Based on these gigs, the overall price performance for the year is -83.62%. The short interest in Workhorse Group Inc (NASDAQ:WKHS) is 52.37 million shares and it means that shorts have 5.11 day(s) to cover.
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 down -50.26% during the last six months, with a year-to-date growth rate more than the industry average at 50.00% against 14.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 40.00% this quarter and then jump 33.30% in the quarter after that. In the rating firms’ projections, revenue will increase 210.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $4.13 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $4.69 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.69 million and $3.97 million respectively. In this case, analysts expect current quarter sales to grow by 143.90% and then jump by 18.30% 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 4.17%. While earnings are projected to return 42.74% in 2024.
WKHS Dividends
Workhorse Group Inc is due to release its next quarterly earnings between May 13 and May 17. 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 6.39% of total outstanding shares while institutional holders control 16.36%, with the float percentage being 17.48%. Blackrock Inc. is the largest shareholder of the company, while 203 institutions own stock in it. As of Jun 29, 2023, the company held over 12.15 million shares (or 5.76% of all shares), a total value of $10.59 million in shares.
The next largest institutional holding, with 9.26 million shares, is of State Street Corporation’s that is approximately 4.39% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $8.07 million.
Also, the Mutual Funds coming in first place with the largest holdings of Workhorse Group Inc (WKHS) shares are SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF and Vanguard Total Stock Market Index Fund. Data provided on Aug 30, 2023 indicates that SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF owns about 4.93 million shares. This amounts to just over 2.34 percent of the company’s overall shares, with a $3.88 million market value. The same data shows that the other fund manager holds slightly less at 4.8 million, or about 2.28% of the stock, which is worth about $4.19 million.
