What is this?

HISWAI shows you what's connected to topics that interest you, and where to find more. HISWAI members can curate information with dashboards to gain insights, proper context and stay up to date on the latest relevant information. Sharing these discoveries with others is easy too!

help

Want to know more?

Workhorse Group Inc. (NASDAQ: WKHS) Up 29.61% YTD: Could Trouble Be Ahead?

< Go Back

Date: 2023-01-13 16:30:36

Article Text:

Workhorse Group Inc. (NASDAQ:WKHS)’s traded shares stood at 2.92 million during the last session, with the company’s beta value hitting 2.76. At the close of trading, the stock’s price was $1.97, to imply an increase of 6.49% or $0.12 in intraday trading. The WKHS share’s 52-week high remains $5.39, putting it -173.6% down since that peak but still an impressive 28.93% since price per share fell to its 52-week low of $1.40. The company has a valuation of $327.28M, with an average of 3.47 million shares in intraday trading volume over the past 10 days and average of 3.75 million shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Workhorse Group Inc. (WKHS), translating to a mean rating of 2.40. Of 7 analyst(s) looking at the stock, 0 analyst(s) give WKHS a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.12.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.

Sponsored

After registering a 6.49% upside in the last session, Workhorse Group Inc. (WKHS) has traded red over the past five days. The stock hit a weekly high of 1.9700 this Thursday, 01/12/23, jumping 6.49% in its intraday price action. The 5-day price performance for the stock is 21.60%, and 5.35% over 30 days. With these gigs, the year-to-date price performance is 29.61%. Short interest in Workhorse Group Inc. (NASDAQ:WKHS) saw shorts transact 40.59 million shares and set a 12.88 days time to cover.

Analysts on Wall Street suggest a consensus price target of $4.50, implying an increase of 56.22% to the stock’s current value. The extremes give us $2.00 and $8.00 for target low and target high price respectively. As such, WKHS has been trading -306.09% off suggested target high and -1.52% from its likely low.

Workhorse Group Inc. (WKHS) estimates and forecasts

Looking at statistics comparing Workhorse Group Inc. share performance against respective industry, we note that the company has outperformed competitors. Workhorse Group Inc. (WKHS) shares are -30.88% down over the last 6 months, with its year-to-date growth rate higher than industry average at 79.49% against 4.40%. Revenue is forecast to grow 84.40% this quarter before jumping 88.50% for the next one. The rating firms project that company’s revenue will shrink -2,246.70% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $2.56 million. Meanwhile, for the quarter ending Dec 2022, a total of 6 analyst(s) estimate revenue growth to $16.67 million.

WKHS Dividends

Workhorse Group Inc. has its next earnings report out between February 27 and March 03. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Workhorse Group Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.