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Workhorse Group Inc (WKHS) Stock Could Soon Reward Patient Investors


Workhorse Group Inc (NASDAQ: WKHS) is -37.03% lower on its value in year-to-date trading and has touched a low of $0.20 and a high of $1.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WKHS stock was last observed hovering at around $0.23 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.23, the stock is -14.32% and -18.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.63 million and changing -3.37% at the moment leaves the stock -58.14% off its SMA200. WKHS registered -82.69% loss for a year compared to 6-month loss of -45.24%. The firm has a 50-day simple moving average (SMA 50) of $5.82 and a 200-day simple moving average (SMA200) of -$0.69.

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The stock witnessed a -32.25% gain in the last 1 month and extending the period to 3 months gives it a -38.73%, and is 8.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.17% over the week and 9.24% over the month.

Workhorse Group Inc (WKHS) has around 298 employees, a market worth around $71.37M and $13.09M in sales. Profit margin for the company is -946.33%. Distance from 52-week low is 12.84% and -83.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-140.19%).

Workhorse Group Inc quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $3.9M over the same period.The EPS is expected to grow by 42.74% this year, but quarterly earnings will post 261.70% year-over-year. Quarterly sales are estimated to grow 130.40% in year-over-year returns.

Workhorse Group Inc (WKHS) Top Institutional Holders

203 institutions hold shares in Workhorse Group Inc (WKHS), with institutional investors hold 17.48% of the company’s shares. The shares outstanding are 314.83M, and float is at 290.06M with Short Float at 18.05%. Institutions hold 16.36% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 12.15 million shares valued at $10.59 million. The investor’s holdings represent 5.76% of the WKHS Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 9.26 million shares valued at $8.07 million to account for 4.39% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 8.71 million shares representing 4.13% and valued at over $7.59 million, while Geode Capital Management, LLC holds 1.69% of the shares totaling 3.56 million with a market value of $3.1 million.

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