Workhorse Group Inc (NASDAQ:WKHS) has a beta value of 2.58 and has seen 3.84 million shares traded in the last trading session. The company, currently valued at $35.59M, closed the last trade at $0.89 per share which meant it lost -$0.11 on the day or -10.55% during that session. The WKHS stock price is -18511.24% off its 52-week high price of $165.64 and 35.96% above the 52-week low of $0.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.93 million shares traded. The 3-month trading volume is 2.79 million shares.
The consensus among analysts is that Workhorse Group Inc (WKHS) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.39.
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Workhorse Group Inc (NASDAQ:WKHS) trade information
Sporting -10.55% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the WKHS stock price touched $0.89 or saw a rise of 20.54%. Year-to-date, Workhorse Group Inc shares have moved -99.38%, while the 5-day performance has seen it change -19.41%. Over the past 30 days, the shares of Workhorse Group Inc (NASDAQ:WKHS) have changed -24.19%. Short interest in the company has seen 5.98 million shares shorted with days to cover at 5.0.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could jump 55.5% from current levels. The projected low price target is $0.5 while the price target rests at a high of $3.5. In that case, then, we find that the current price level is -293.26% off the targeted high while a plunge would see the stock lose 43.82% from current levels.
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 -59.52% over the past 6 months, with this year growth rate of 67.50%, compared to 7.80% for the industry. Revenue growth from the last financial year stood is estimated to be -36.77%.
3 analysts offering their estimates for the company have set an average revenue estimate of 3.59M for the current quarter. 3 have an estimated revenue figure of 3.72M for the next ending quarter. Year-ago sales stood 4.41M and 1.34M respectively for this quarter and the next, and analysts expect sales will shrink by -18.62% for the current quarter and -36.77% 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 in January 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 4.08% of the company shares, while shares held by institutions stand at 21.41% with a share float percentage of 22.32%. Investors are also buoyed by the number of investors in a company, with Workhorse Group Inc having a total of 114.0 institutions that hold shares in the company. The top two institutional holders are RONALD BLUE TRUST, INC. with over 13700.0 shares worth more than $3214.0. As of 2024-06-30, RONALD BLUE TRUST, INC. held 0.0045% of shares outstanding.
The other major institutional holder is IFP ADVISORS, INC, with the holding of over 3930.0 shares as of 2024-06-30. The firm’s total holdings are worth over $590.0 and represent 0.0013% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 1.37% shares in the company for having 561.59 shares of worth $0.5 million while later fund manager owns 130.85 shares of worth $0.12 million as of Sep 30, 2024 , which makes it owner of about 0.32% of company’s outstanding stock.
