In last trading session, Workhorse Group Inc (NASDAQ:WKHS) saw 3.31 million shares changing hands with its beta currently measuring 2.48. Company’s recent per share price level of $0.84 trading at $0.06 or 8.37% at ring of the bell on the day assigns it a market valuation of $20.50M. That closing price of WKHS’s stock is at a discount of -21328.57% from its 52-week high price of $180.00 and is indicating a premium of 32.14% from its 52-week low price of $0.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.96 million shares which gives us an average trading volume of 1.95 million if we extend that period to 3-months.
For Workhorse Group Inc (WKHS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.50. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.83 in the current quarter.
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Workhorse Group Inc (NASDAQ:WKHS) trade information
Upright in the green during last session for gaining 8.37%, in the last five days WKHS remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $0.84 price level, adding 5.49% to its value on the day. Workhorse Group Inc’s shares saw a change of -99.42% in year-to-date performance and have moved 11.27% in past 5-day. Workhorse Group Inc (NASDAQ:WKHS) showed a performance of 9.73% in past 30-days. Number of shares sold short was 5.57 million shares which calculate 3.3 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a rise of 58.0% to its current value. Analysts have been projecting 0.5 as a low price target for the stock while placing it at a high target of 3.5. It follows that stock’s current price would jump 40.48% in reaching the projected high whereas dropping to the targeted low would mean a gain of 40.48% for stock’s current value.
Workhorse Group Inc (WKHS) estimates and forecasts
Statistics highlight that Workhorse Group Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -99.00% of value to its shares in past 6 months, showing an annual growth rate of 61.25% while that of industry is 6.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -24.50% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.42M for the same. And 3 analysts are in estimates of company making revenue of 4.31M in 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 4.17% during past 5 years.
Workhorse Group Inc (NASDAQ:WKHS)’s Major holders
Insiders are in possession of 4.08% of company’s total shares while institution are holding 23.36 percent of that, with stock having share float percentage of 24.36%. Investors also watch the number of corporate investors in a company very closely, which is 23.36% institutions for Workhorse Group Inc that are currently holding shares of the company. RONALD BLUE TRUST, INC. is the top institutional holder at WKHS for having 13700.0 shares of worth $3214.0. And as of 2024-06-30, it was holding 0.0045 of the company’s outstanding shares.
The second largest institutional holder is IFP ADVISORS, INC, which was holding about 3930.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0013 of outstanding shares, having a total worth of $590.0.
