Workhorse Group Inc. (NASDAQ: WKHS) kicked off on June 23, 2022, at the price of $2.94, up 8.93% from the previous trading day. During the day, the shares moved up to $3.20 and dropped to $2.9021 before settling in for the closing price of $2.91. Over the past 52 weeks, WKHS has traded in a range of $2.11-$18.00.
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While this was happening, its average annual earnings per share was recorded -546.80%. With a float of $150.03 million, this company’s outstanding shares have now reached $151.94 million.
Let’s determine the extent of company efficiency that accounts for 221 employees.
Workhorse Group Inc. (WKHS) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Auto Manufacturers Industry. 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 VP, Business Development bought 15,000 for $3.18, making the entire transaction worth $47,700. This insider now owns 42,000 shares in total.
Workhorse Group Inc. (WKHS) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 3/30/2022, the organization reported -$0.15 earnings per share (EPS), lower than consensus estimate (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
Take a look at Workhorse Group Inc.’s (WKHS) current performance indicators. Last quarter, stock had 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)
Looking closely at Workhorse Group Inc. (NASDAQ: WKHS), its last 5-days average volume was 5.41 million, which is a drop from its year-to-date volume of 5.58 million. As of the previous 9 days, the stock’s Stochastic %D was 66.25%. Additionally, its Average True Range was 0.25.
During the past 100 days, Workhorse Group Inc.’s (WKHS) raw stochastic average was set at 32.32%, which indicates a significant decrease from 90.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 79.40% in the past 14 days, which was lower than the 102.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.99, while its 200-day Moving Average is $4.68. However, in the short run, Workhorse Group Inc.’s stock first resistance to watch stands at $3.28. Second resistance stands at $3.39. The third major resistance level sits at $3.58. If the price goes on to break the first support level at $2.98, it is likely to go to the next support level at $2.79. Should the price break the second support level, the third support level stands at $2.68.
Workhorse Group Inc. (NASDAQ: WKHS) Key Stats
The company with the Market Capitalisation of 495.44 million has total of 163,512K Shares Outstanding. Its annual sales at the moment are -850 K in contrast with the sum of -401,340 K annual income. Company’s last quarter sales were recorded 10 K and last quarter income was -22,050 K.
