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Workhorse Group (WKHS)
NASDAQ:WKHS
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WKHS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.29 - $27.20
Previous Close$1.72
Volume788.89K
Average Volume (3M)945.69K
Market Cap
$32.27M
Enterprise Value$26.60M
Total Cash (Recent Filing)$25.85M
Total Debt (Recent Filing)$20.18M
Price to Earnings (P/E)―
Beta2.00
Next Earnings
Aug 06, 2024EPS Estimate
-$1.44Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-10.41
Shares Outstanding18,761,458
10 Day Avg. Volume990,870
30 Day Avg. Volume945,693
Standard Deviation0.85
R-Squared0.03
Alpha0.05
Financial Highlights & Ratios
Price to Book (P/B)0.39
Price to Sales (P/S)2.45
Price to Cash Flow (P/CF)-0.30
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.57
Enterprise Value/Gross Profit-1.05
Enterprise Value/Ebitda-0.22
Forecast
1Y Price Target
$0.36Price Target Upside-78.18% Downside
Rating ConsensusHold
Number of Analyst Covering3
Workhorse Group News
Bulls Say, Bears Say
Bulls Say
FinancingWorkhorse secured financing through an institutional investor to support their product roadmap through 2025.
Market ExpansionThe company is actively expanding its dealer network and implementing cost management strategies to stabilize and grow despite the financial challenges.
Product OrdersWorkhorse has been proactive in securing new product orders—68 W56 step vans and 141 W4 CC chassis—suggesting continuing market interest in their offerings.
Bears Say
CostsCosts of sales rose significantly driven by high inventory reversal costs, higher depreciation and elevated employee compensation.
Financial HealthCash burn expected to come down to ~$20M/quarter by the end of the year, indicating ongoing financial burn.
RevenueRevenue declined roughly 23%, attributable to lower sales of the W4 CC.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
WKHS FAQ
What was Workhorse Group’s price range in the past 12 months?
Workhorse Group lowest stock price was $1.28 and its highest was $27.20 in the past 12 months.
What is Workhorse Group’s market cap?
Currently, no data Available
When is Workhorse Group’s upcoming earnings report date?
Workhorse Group’s upcoming earnings report date is Aug 06, 2024 which is 99 days ago.
How were Workhorse Group’s earnings last quarter?
Workhorse Group released its earnings results on May 20, 2024. The company reported -$2 earnings per share for the quarter, missing the consensus estimate of -$1.85 by -$0.15.
Is Workhorse Group overvalued?
According to Wall Street analysts Workhorse Group’s price is currently Overvalued.
Does Workhorse Group pay dividends?
Workhorse Group does not currently pay dividends.
What is Workhorse Group’s EPS estimate?
Workhorse Group’s EPS estimate is -$1.44.
How many shares outstanding does Workhorse Group have?
Workhorse Group has 18,761,457 shares outstanding.
What happened to Workhorse Group’s price movement after its last earnings report?
Workhorse Group reported an EPS of -$2 in its last earnings report, missing expectations of -$1.85. Following the earnings report the stock price went down -9.168%.
Which hedge fund is a major shareholder of Workhorse Group?
Among the largest hedge funds holding Workhorse Group’s share is Fisher Asset Management LLC. It holds Workhorse Group’s shares valued at N/A.
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Workhorse Group Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Hold
Average Price Target:
$0.36 (-78.18% Downside)
$0.36 (-78.18% Downside)
Blogger Sentiment
Neutral
WKHS Sentiment 57%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 3.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.8%
Last 30 Days ▼ 1.8%
Last 30 Days ▼ 1.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-91.80%
12-Months-Change
Fundamentals
Return on Equity
-148.71%
Trailing 12-Months
Asset Growth
-37.22%
Trailing 12-Months
Company Description
Workhorse Group
Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft. It develops cloud-based, real-time telematics performance monitoring systems. The firm operates in two divisions, Automotive and Aviation. The Automotive division operates as a original equipment manufacturer of class 3-6 commercial-grade, medium-duty truck chassis, marketed under the Workhorse brand. The Aviation division offers delivery drones and SureFly multicopter. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.
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WKHS Company Deck
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WKHS Earnings Call
Q1 2024
0:00 / 0:00
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WKHS Stock 12 Month Forecast
Average Price Target
$0.36
▼(-78.18% Downside)
Technical Analysis
Best Analysts Covering WKHS
1 Year
1 Year Success Rate
1/12 ratings generated profit
1 Year Average Return
-56.04%
downgraded a sell rating 8 months ago
Copying Jaime Perez's trades and holding each position for 1 Year would result in 8.33% of your transactions generating a profit, with an average return of -56.04% per trade.
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