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

Workhorse Group Inc (NASDAQ: WKHS) is -99.17% lower on its value in year-to-date trading and has touched a low of $0.57 and a high of $175.60 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 $0.79 in the last trading session, with the day’s gains setting it 0.4%.

Currently trading at $1.19, the stock is 45.14% and 54.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.32 million and changing 51.11% at the moment leaves the stock -97.33% off its SMA200. WKHS registered -99.21% loss for a year compared to 6-month loss of -98.37%. The firm has a 50-day simple moving average (SMA 50) of $0.76132 and a 200-day simple moving average (SMA200) of $2.782695.

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The stock witnessed a 50.27% gain in the last 1 month and extending the period to 3 months gives it a 2.59%, and is 61.68% 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 18.21% over the week and 9.66% over the month.

Workhorse Group Inc (WKHS) has around 298 employees, a market worth around $27.14M and $9.62M in sales. Profit margin for the company is -1366.16%. Distance from 52-week low is 107.86% and -99.32% from its 52-week high. The company has generated returns on investments over the last 12 months (-206.30%).

with sales reaching $3.42M over the same period.The EPS is expected to grow by 66.35% this year, but quarterly earnings will post -24.50% year-over-year.

Workhorse Group Inc (WKHS) Top Institutional Holders

124.0 institutions hold shares in Workhorse Group Inc (WKHS), with institutional investors hold 24.42% 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 23.43% 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.