June 01, 2022, Workhorse Group Inc. (NASDAQ: WKHS) trading session started at the price of $3.10, that was -9.39% drop from the session before. During the day, the shares moved up to $3.11 and dropped to $2.78 before settling in for the closing price of $3.09. A 52-week range for WKHS has been $2.11 – $18.59.
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When this article was written, the company’s average yearly earnings per share was at -546.80%. With a float of $138.22 million, this company’s outstanding shares have now reached $151.94 million.
In an organization with 221 employees, it is important to assess its efficiency.
Workhorse Group Inc. (WKHS) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Workhorse Group Inc. stocks. The insider ownership of Workhorse Group Inc. is 2.70%, while institutional ownership is 32.90%. The most recent insider transaction that took place on Mar 15, was worth 40,050. In this transaction Director of this company bought 12,600 shares at a rate of $3.18, taking the stock ownership to the 53,508 shares. Before that another transaction happened on Mar 14, when Company’s Chief Executive Officer bought 50,000 for $3.10, making the entire transaction worth $155,000. This insider now owns 1,955,115 shares in total.
Workhorse Group Inc. (WKHS) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 3/30/2022, it has been observed that the corporation posted -$0.15 earnings per share (EPS) during the time that was less than consensus figure (set at -$0.12) by -$0.03. This company achieved a return on equity of -140.85. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -546.80% per share during the next fiscal year.
Workhorse Group Inc. (NASDAQ: WKHS) Trading Performance Indicators
You can see what Workhorse Group Inc. (WKHS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 8.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.23, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach -0.35 in one year’s time.
Technical Analysis of Workhorse Group Inc. (WKHS)
Let’s dig in a bit further. During the last 5-days, its volume was 3.77 million. That was inferior than the volume of 5.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 73.12%. Additionally, its Average True Range was 0.27.
During the past 100 days, Workhorse Group Inc.’s (WKHS) raw stochastic average was set at 21.04%, which indicates a significant decrease from 67.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 104.77% in the past 14 days, which was higher than the 103.40% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.48, while its 200-day Moving Average is $5.16. However, in the short run, Workhorse Group Inc.’s stock first resistance to watch stands at $3.01. Second resistance stands at $3.23. The third major resistance level sits at $3.34. If the price goes on to break the first support level at $2.68, it is likely to go to the next support level at $2.57. The third support level lies at $2.35 if the price breaches the second support level.
Workhorse Group Inc. (NASDAQ: WKHS) Key Stats
There are 163,512K outstanding shares of the company, which has a market capitalization of 417.93 million. As of now, sales total -850 K while income totals -401,340 K. Its latest quarter income was 10 K while its last quarter net income were -22,050 K.