In the latest trading session, 1.17 million Workhorse Group Inc (NASDAQ:WKHS) shares changed hands as the company’s beta touched 2.61. With the company’s most recent per share price at $0.75 changed hands at -$0.05 or -6.61% at last look, the market valuation stands at $32.65M. WKHS’s current price is a discount, trading about -21713.33% off its 52-week high of $163.60. The share price had its 52-week low at $0.57, which suggests the last value was 24.0% up since then. When we look at Workhorse Group Inc’s average trading volume, we note the 10-day average is 2.47 million shares, with the 3-month average coming to 2.90 million.

Analysts gave the Workhorse Group Inc (WKHS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended WKHS as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Workhorse Group Inc’s EPS for the current quarter is expected to be -0.35.

Workhorse Group Inc (NASDAQ:WKHS) trade information

Instantly WKHS was in red as seen in intraday trades today. With action -16.12%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -99.48%, with the 5-day performance at -16.12% in the red. However, in the 30-day time frame, Workhorse Group Inc (NASDAQ:WKHS) is -21.94% down. Looking at the short shares, we see there were 5.98 million shares sold at short interest cover period of 5.0 days.

The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need an upside of 62.5% from its recent market value. According to analyst projections, WKHS’s forecast low is 0.5 with 3.5 as the target high. To hit the forecast high, the stock’s price needs a -366.67% plunge from its current level, while the stock would need to tank 33.33% for it to hit the projected low.

Workhorse Group Inc (WKHS) estimates and forecasts

Data shows that the Workhorse Group Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -56.38% over the past 6 months, a 67.50% in annual growth rate that is considerably higher than the industry average of 9.30%. Year-over-year growth is forecast to reach -40.74% down from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 3.06M. 2 analysts are of the opinion that Workhorse Group Inc’s revenue for the current quarter will be 2.61M. The company’s revenue for the corresponding quarters a year ago was 4.41M and 1.34M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -30.44%. The estimates for the next quarter sales put growth at 94.88%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 4.17%. The 2024 estimates are for Workhorse Group Inc earnings to increase by 73.31%.

WKHS Dividends

Workhorse Group Inc is expected to release its next quarterly earnings report in January.

Workhorse Group Inc (NASDAQ:WKHS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 4.08% of Workhorse Group Inc shares while 21.41% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 22.32%. There are 21.41% institutions holding the Workhorse Group Inc stock share, with RONALD BLUE TRUST, INC. the top institutional holder. As of 2024-06-30, the company held 0.0045% of the shares, roughly 13700.0 WKHS shares worth $3214.0.

IFP ADVISORS, INC holds the second largest percentage of outstanding shares, with 0.0013% or 3930.0 shares worth $590.0 as of 2024-06-30.