Workhorse Group Inc (NASDAQ: WKHS) is -22.23% lower on its value in year-to-date trading and has touched a low of $0.46 and a high of $163.60 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 $0.53 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.54, the stock is -13.87% and -33.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing 3.25% at the moment leaves the stock -96.54% off its SMA200. WKHS registered -99.48% loss for a year compared to 6-month loss of -53.21%. The firm has a 50-day simple moving average (SMA 50) of $0.82396 and a 200-day simple moving average (SMA200) of $1.564585.
The stock witnessed a -35.86% gain in the last 1 month and extending the period to 3 months gives it a -29.59%, and is 2.01% 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 9.14% over the week and 9.86% over the month.
Workhorse Group Inc (WKHS) has around 298 employees, a market worth around $22.24M and $9.10M in sales. Profit margin for the company is -1383.50%. Distance from 52-week low is 17.87% and -99.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-242.92%).
with sales reaching $3.06M over the same period.The EPS is expected to grow by 79.71% this year, but quarterly earnings will post -40.74% year-over-year. Quarterly sales are estimated to shrink -30.44% in year-over-year returns.
114.0 institutions hold shares in Workhorse Group Inc (WKHS), with institutional investors hold 22.32% of the company’s shares. The shares outstanding are 40.98M, and float is at 40.08M with Short Float at 18.33%. Institutions hold 21.41% 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 REDWOOD WEALTH MANAGEMENT GROUP, LLC holds 0.0004 of the shares totaling 80.0 with a market value of $126.0.
