Now Is The Time To Build A Position In Workhorse Group Inc (NASDAQ:WKHS)

Workhorse Group Inc (NASDAQ:WKHS)’s traded shares stood at 21.31 million during the last session, with the company’s beta value hitting 2.49. At the close of trading, the stock’s price was $0.17, to imply a decrease of -3.73% or -$0.01 in intraday trading. The WKHS share’s 52-week high remains $1.36, putting it -700.0% down since that peak but still an impressive 0.0% since price per share fell to its 52-week low of $0.17. The company has a valuation of $54.37M, with an average of 10.85 million shares over the past 3 months.

Workhorse Group Inc (NASDAQ:WKHS) trade information

After registering a -3.73% downside in the last session, Workhorse Group Inc (WKHS) has traded red over the past five days. The stock hit a weekly high of 0.2070, dropping -3.73% in its intraday price action. The 5-day price performance for the stock is -15.80%, and -30.53% over 30 days. With these gigs, the year-to-date price performance is -52.03%.

Workhorse Group Inc (WKHS) estimates and forecasts

Looking at statistics comparing Workhorse Group Inc share performance against respective industry, we note that the company has outperformed competitors. Workhorse Group Inc (WKHS) shares are -61.61% down over the last 6 months, with its year-to-date growth rate higher than industry average at 50.00% against 14.80%. Revenue is forecast to grow 40.00% this quarter before jumping 33.30% for the next one. The rating firms project that company’s revenue will grow 210.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is $4.13 million. Meanwhile, for the quarter ending Jun 2024, a total of 3 analyst(s) estimate revenue growth to $4.69 million.Earnings reports from the last fiscal year show that sales brought in $1.69 million and $3.97 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 143.90% before jumping 18.30% in the following quarter.

WKHS Dividends

Workhorse Group Inc has its next earnings report out in May. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Workhorse Group Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.