During the last session, Workhorse Group Inc (NASDAQ:WKHS)’s traded shares were 4.97 million, with the beta value of the company hitting 2.54. At the end of the trading day, the stock’s price was $0.96, reflecting an intraday loss of -8.46% or -$0.09. The 52-week high for the WKHS share is $175.60, that puts it down -18191.67 from that peak though still a striking 40.63% gain since the share price plummeted to a 52-week low of $0.57. The company’s market capitalization is $39.39M, and the average intraday trading volume over the past 10 days was 8.66 million shares, and the average trade volume was 3.08 million shares over the past three months.
Workhorse Group Inc (WKHS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.50. WKHS has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 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 -0.39.
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Workhorse Group Inc (NASDAQ:WKHS) trade information
Workhorse Group Inc (WKHS) registered a -8.46% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -8.46% in intraday trading to $0.96, hitting a weekly high. The stock’s 5-day price performance is -18.54%, and it has moved by 21.27% in 30 days. Based on these gigs, the overall price performance for the year is -99.34%. The short interest in Workhorse Group Inc (NASDAQ:WKHS) is 5.98 million shares and it means that shorts have 5.0 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies an increase of 52.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.5 and $3.5 respectively. As a result, WKHS is trading at a discount of -264.58% off the target high and 47.92% 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 down -98.77% during the last six months, with a year-to-date growth rate more than the industry average at 61.25% against 9.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 89.74% this quarter and then jump 71.33% in the quarter after that. In the rating firms’ projections, revenue will decrease -36.47% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.63M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 8.22M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 4.41M and 1.34M respectively. In this case, analysts expect current quarter sales to shrink by -17.65% and then jump by 514.05% 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 66.04% in 2024.
WKHS Dividends
Workhorse Group Inc is due to release its next quarterly earnings in December. 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 4.08% of total outstanding shares while institutional holders control 21.41%, with the float percentage being 22.32%. RONALD BLUE TRUST, INC. is the largest shareholder of the company, while 114.0 institutions own stock in it. As of 2024-06-30, the company held over 13700.0 shares (or 0.0045% of all shares), a total value of $3214.0 in shares.
The next largest institutional holding, with 3930.0 shares, is of IFP ADVISORS, INC’s that is approximately 0.0013% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $590.0.
