Workhorse Group Inc (NASDAQ: WKHS) is -99.46% lower on its value in year-to-date trading and has touched a low of $0.57 and a high of $180.00 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 $0.76 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.78, the stock is -2.82% and 2.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.07 million and changing 2.37% at the moment leaves the stock -98.32% off its SMA200. WKHS registered -99.53% loss for a year compared to 6-month loss of -99.00%. The firm has a 50-day simple moving average (SMA 50) of $0.757 and a 200-day simple moving average (SMA200) of $2.85816.
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The stock witnessed a 9.00% gain in the last 1 month and extending the period to 3 months gives it a -34.75%, and is -0.17% down 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 5.56% over the week and 7.14% over the month.
Workhorse Group Inc (WKHS) has around 298 employees, a market worth around $18.92M and $9.62M in sales. Profit margin for the company is -1366.16%. Distance from 52-week low is 35.63% and -99.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-206.30%).
The EPS is expected to grow by 66.35% this year
126.0 institutions hold shares in Workhorse Group Inc (WKHS), with institutional investors hold 24.36% of the company’s shares. The shares outstanding are 24.36M, and float is at 23.35M with Short Float at 23.87%. Institutions hold 23.37% of the Float.
The top institutional shareholder in the company is RONALD BLUE TRUST, INC. with over 13700.0 shares valued at $3214.0. The investor’s holdings represent 0.0045 of the WKHS Shares outstanding. As of 2024-06-30, the second largest holder is IFP ADVISORS, INC with 3930.0 shares valued at $590.0 to account for 0.0013 of the shares outstanding. The other top investors are ADVISOR GROUP HOLDINGS, INC. which holds 3670.0 shares representing 0.0012 and valued at over $550.0, while MEADOWBROOK INVESTMENT ADVISORS LLC holds 0.0002 of the shares totaling 630.0 with a market value of $989.0.
