In the last trading session, 2.31 million Workhorse Group Inc (NASDAQ:WKHS) shares changed hands as the company’s beta touched 2.71. With the company’s per share price at $0.49 changed hands at -$0.03 or -6.22% during last session, the market valuation stood at $19.95M. WKHS’s last price was a discount, traded about -33287.76% off its 52-week high of $163.60. The share price had its 52-week low at $0.46, which suggests the last value was 6.12% up since then.
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 at the end of in last trading. With action -16.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -30.26%, with the 5-day performance at -16.39% in the red. However, in the 30-day time frame, Workhorse Group Inc (NASDAQ:WKHS) is -22.02% down.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need an upside of 75.5% from its current 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 -614.29% plunge from its current level, while the stock would need to soar -2.04% for it to hit the projected low.
Workhorse Group Inc (WKHS) estimates and forecasts
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 2025 estimates are for Workhorse Group Inc earnings to increase by 79.71%, but the outlook for the next 5-year period is at 69.51% per year.
Workhorse Group Inc (NASDAQ:WKHS)’s Major holders
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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund. With 561.59 shares estimated at $0.27 million under it, the former controlled 1.37% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.35% of the shares, roughly 144.88 shares worth around $70528.0.
