On May 22, 2023, Workhorse Group Inc. (NASDAQ: WKHS) opened at $0.895, higher 2.96% from the last session. During the day, the shares moved up to $0.95 and dropped to $0.885 before settling in for the closing price of $0.90. Price fluctuations for WKHS have ranged from $0.82 to $4.73 over the past 52 weeks.
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Consumer Cyclical Sector giant saw their annual sales slid by -14.30% over the last five years. Company’s average yearly earnings per share was noted 76.30% at the time writing. With a float of $157.75 million, this company’s outstanding shares have now reached $167.14 million.
The firm has a total of 331 workers. Let’s measure their productivity. In terms of profitability, gross margin is -649.99, operating margin of -2171.64, and the pretax margin is -2334.71.
Workhorse Group Inc. (WKHS) Insider Activity
A key investor’s attitude towards the stock of the Auto Manufacturers industry is another important factor to consider. The insider ownership of Workhorse Group Inc. is 1.80%, while institutional ownership is 34.10%. The most recent insider transaction that took place on Dec 14, was worth 45,120. In this transaction VP, Business Development of this company bought 24,000 shares at a rate of $1.88, taking the stock ownership to the 67,000 shares. Before that another transaction happened on Dec 13, when Company’s VP, Business Development bought 1,000 for $1.90, making the entire transaction worth $1,900. This insider now owns 43,000 shares in total.
Workhorse Group Inc. (WKHS) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted -$0.15 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.18) by $0.03. This company achieved a net margin of -2334.71 while generating a return on equity of -82.80. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 76.30% per share during the next fiscal year.
Workhorse Group Inc. (NASDAQ: WKHS) Trading Performance Indicators
Check out the current performance indicators for Workhorse Group Inc. (WKHS). In the past quarter, the stock posted a quick ratio of 1.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 27.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.74, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.34 in one year’s time.
Technical Analysis of Workhorse Group Inc. (WKHS)
Analysing the last 5-days average volume posted by the [Workhorse Group Inc., WKHS], we can find that recorded value of 7.09 million was better than the volume posted last year of 4.08 million. As of the previous 9 days, the stock’s Stochastic %D was 39.73%. Additionally, its Average True Range was 0.09.
During the past 100 days, Workhorse Group Inc.’s (WKHS) raw stochastic average was set at 5.55%, which indicates a significant decrease from 29.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 96.96% in the past 14 days, which was higher than the 84.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1290, while its 200-day Moving Average is $2.1315. Now, the first resistance to watch is $0.9533. This is followed by the second major resistance level at $0.9842. The third major resistance level sits at $1.0183. If the price goes on to break the first support level at $0.8883, it is likely to go to the next support level at $0.8542. Should the price break the second support level, the third support level stands at $0.8233.
Workhorse Group Inc. (NASDAQ: WKHS) Key Stats
There are currently 184,958K shares outstanding in the company with a market cap of 182.13 million. Presently, the company’s annual sales total 5,020 K according to its annual income of -117,270 K. Last quarter, the company’s sales amounted to 3,450 K and its income totaled -38,650 K.
