In today’s recent session, 1.13 million shares of the Workhorse Group Inc (NASDAQ:WKHS) have been traded, and its beta is 2.64. Most recently the company’s share price was $0.65, and it changed around -$0.06 or -7.43% from the last close, which brings the market valuation of the company to $26.77M. WKHS at last check was trading at a discount to its 52-week high of $163.60, offering almost -25069.23% off that amount. The share price’s 52-week low was $0.57, which indicates that the recent value has risen by an impressive 12.31% since then. We note from Workhorse Group Inc’s average daily trading volume that its 10-day average is 3.28 million shares, with the 3-month average coming to 3.44 million.
Workhorse Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended WKHS as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Workhorse Group Inc is expected to report earnings per share of -0.35 for the current quarter.
Workhorse Group Inc (NASDAQ:WKHS) trade information
Instantly WKHS has been showing red trend so far today with a performance of -7.43% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.7498 on recent trading dayincreased the stock’s daily price by 13.31%. The company’s shares are currently down -6.42% year-to-date, but still down -10.26% over the last five days. On the other hand, Workhorse Group Inc (NASDAQ:WKHS) is -24.05% down in the 30-day period. We can see from the shorts that 5.98 million shares have been sold at a short interest cover period of 5.0 day(s).
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to increase their stock price by 67.5% from its current value. Analyst projections state that WKHS is forecast to be at a low of $0.5 and a high of $3.5.
Workhorse Group Inc (WKHS) estimates and forecasts
Workhorse Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -60.89 percent over the past six months and at a 67.50% annual growth rate that is well above the industry average of 9.00%. The year-over-year growth rate is expected to be -40.74%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 3.06M in revenue for the current quarter. 2 analysts expect Workhorse Group Inc to make 2.61M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.41M and 1.34M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -30.44%. Forecasts for the next quarter put sales growth at 94.88%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 4.17%.
WKHS Dividends
Workhorse Group Inc’s next quarterly earnings report is expected to be released in February.
Workhorse Group Inc (NASDAQ:WKHS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.08% of Workhorse Group Inc shares, and 21.41% of them are in the hands of institutional investors. The stock currently has a share float of 22.32%. Workhorse Group Inc stock is held by 114.0 institutions, with RONALD BLUE TRUST, INC. being the largest institutional investor. By 2024-06-30, it held 0.0045% of the shares, which is about 13700.0 shares worth $3214.0.
IFP ADVISORS, INC, with 0.0013% or 3930.0 shares worth $590.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 561.59 shares worth $0.37 million, making up 1.37% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 130.85 shares worth around $86989.0, which represents about 0.32% of the total shares outstanding.
