Workhorse Group Inc (NASDAQ: WKHS): A Suicide Machine Or A Millionaire’s Dream?

In the last trading session, 2.94 million shares of the Workhorse Group Inc (NASDAQ:WKHS) were traded, and its beta was 2.73. Most recently the company’s share price was $0.39, and it changed around -$0.04 or -9.30% from the last close, which brings the market valuation of the company to $15.87M. WKHS currently trades at a discount to its 52-week high of $139.96, offering almost -35787.18% off that amount. The share price’s 52-week low was $0.40, which indicates that the current value has fallen by an impressive -2.56% since then.

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 showed a red trend with a performance of -9.30% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.4850 on recent trading dayincreased the stock’s daily price by 19.59%. The company’s shares are currently down -44.51% year-to-date, but still down -20.96% over the last five days. On the other hand, Workhorse Group Inc (NASDAQ:WKHS) is -25.99% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to increase their stock price by 80.5% 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

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%. Workhorse Group Inc earnings are expected to increase by 79.71% in 2025, but the outlook is positive 69.51% per year for the next five years.