Workhorse Group Inc (NASDAQ:WKHS) Shares Are Down -18.18% From The Lows, But Can They Stay Up?

In recent trading session, Workhorse Group Inc (NASDAQ:WKHS) saw 2.97 million shares changing hands at last check today with its beta currently measuring 2.79. Company’s recent per share price level of $0.22 trading at -$0.05 or -17.95% at last check today assigns it a market valuation of $9.01M. That most recent trading price of WKHS’s stock is at a discount of -52627.27% from its 52-week high price of $116.00 and is indicating a discount of -18.18% from its 52-week low price of $0.26. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.71 million shares which gives us an average trading volume of 3.05 million if we extend that period to 3-months.

For Workhorse Group Inc (WKHS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.35 in the current quarter.

Workhorse Group Inc (NASDAQ:WKHS) trade information

Upright in the red during last session for losing -17.95%, in the last five days WKHS remained trading in the red while hitting it’s week-highest on Tuesday, 03/11/25 when the stock touched $0.22 price level, adding 40.14% to its value on the day. Workhorse Group Inc’s shares saw a change of -68.50% in year-to-date performance and have moved -37.72% in past 5-day. Workhorse Group Inc (NASDAQ:WKHS) showed a performance of -56.01% in past 30-days. Number of shares sold short was 9.02 million shares which calculate 4.12 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a rise of 89.0% to its recent value today. Analysts have been projecting 0.5 as a low price target for the stock while placing it at a high target of 3.5. It follows that stock’s current price would drop -127.27% in reaching the projected high whereas dropping to the targeted low would mean a loss of -127.27% for stock’s current value.

Workhorse Group Inc (WKHS) estimates and forecasts

This year revenue growth is estimated to fall -40.74% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.06M for the same. And 2 analysts are in estimates of company making revenue of 2.61M in the next quarter. Company posted 4.41M and 1.34M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 4.17% during past 5 years.

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

Insiders are in possession of 2.40% of company’s total shares while institution are holding 6.66 percent of that, with stock having share float percentage of 6.83%. Investors also watch the number of corporate investors in a company very closely, which is 6.66% institutions for Workhorse Group Inc that are currently holding shares of the company. RONALD BLUE TRUST, INC. is the top institutional holder at WKHS for having 13700.0 shares of worth $3214.0. And as of 2024-06-30, it was holding 0.0045 of the company’s outstanding shares.

The second largest institutional holder is IFP ADVISORS, INC, which was holding about 3930.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0013 of outstanding shares, having a total worth of $590.0.

On the other hand, Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 561.59 shares of worth $0.12 million or 1.37% of the total outstanding shares. The later fund manager was in possession of 144.88 shares on Dec 31, 2024 , making its stake of worth around $31975.0 in the company or a holder of 0.35% of company’s stock.