In the last trading session, 2.52 million Workhorse Group Inc (NASDAQ:WKHS) shares changed hands as the company’s beta touched 2.60. With the company’s per share price at $2.07 changed hands at -$0.07 or -3.27% during last session, the market valuation stood at $19.61M. WKHS’s last price was a discount, traded about -1071.5% off its 52-week high of $24.25. The share price had its 52-week low at $0.81, which suggests the last value was 60.87% up since then. When we look at Workhorse Group Inc’s average trading volume, we note the 10-day average is 15.85 million shares, with the 3-month average coming to 3.11 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 (NASDAQ:WKHS) trade information
Instantly WKHS was in red as seen at the end of in last trading. With action -26.33%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -92.08%, with the 5-day performance at -26.33% in the red. However, in the 30-day time frame, Workhorse Group Inc (NASDAQ:WKHS) is 110.11% up. Looking at the short shares, we see there were 1.42 million shares sold at short interest cover period of 2.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need a downside of -3.5% 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 -69.08% plunge from its current level, while the stock would need to tank 75.85% for it to hit the projected low.
Workhorse Group Inc (WKHS) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 18.62%.
Workhorse Group Inc (NASDAQ:WKHS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.41% of Workhorse Group Inc shares while 2.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.60%. There are 2.59% institutions holding the Workhorse Group Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 0.4269% of the shares, roughly 0.55 million WKHS shares worth $0.87 million.
CENTIVA CAPITAL, LP holds the second largest percentage of outstanding shares, with 0.2567% or 0.33 million shares worth $0.52 million as of 2024-06-30.
