Workhorse Group Inc (NASDAQ:WKHS) has a beta value of 2.45 and has seen 2.8 million shares traded in the recent trading session. The company, currently valued at $64.57M, closed the recent trade at $0.21 per share which meant it -0.29% during that session. The WKHS stock price is -547.62% off its 52-week high price of $1.36 and 4.76% above the 52-week low of $0.20. If we look at the company’s 10-day average daily trading volume, we find that it stood at 17.52 million shares traded. The 3-month trading volume is 9.77 million shares.
Workhorse Group Inc (NASDAQ:WKHS) trade information
Sporting -0.29% in the red today, the stock has traded in the red over the last five days, when the WKHS stock price touched $0.21 or saw a rise of 4.55%. Year-to-date, Workhorse Group Inc shares have moved -43.03%, while the 5-day performance has seen it change -9.53%. Over the past 30 days, the shares of Workhorse Group Inc (NASDAQ:WKHS) have changed -32.73%. Short interest in the company has seen 52.37 million shares shorted with days to cover at 5.11.
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 lost -47.65% over the past 6 months, with this year growth rate of 50.00%, compared to 14.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 40.00% and 33.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 210.30%.
3 analysts offering their estimates for the company have set an average revenue estimate of $4.13 million for the current quarter. 3 have an estimated revenue figure of $4.69 million for the next quarter concluding in Jun 2024. Year-ago sales stood $1.69 million and $3.97 million respectively for this quarter and the next, and analysts expect sales will grow by 143.90% for the current quarter and 18.30% 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 4.17% over the past 5 years.
WKHS Dividends
Workhorse Group Inc is expected to release its next earnings report between May 13 and May 17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Workhorse Group Inc (NASDAQ:WKHS)’s Major holders
Insiders own 6.39% of the company shares, while shares held by institutions stand at 16.36% with a share float percentage of 17.48%. Investors are also buoyed by the number of investors in a company, with Workhorse Group Inc having a total of 203 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 13.85 million shares worth more than $2.91 million. As of Dec 30, 2023, Blackrock Inc. held 4.40% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 9.87 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $2.07 million and represent 3.14% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Dec 30, 2023, the former fund manager holds about 1.63% shares in the company for having 5.12 million shares of worth $1.08 million while later fund manager owns 4.48 million shares of worth $0.94 million as of Jan 30, 2024, which makes it owner of about 1.42% of company’s outstanding stock.
