Workhorse Group Inc (NASDAQ: WKHS) on Monday, soared 4.55% from the previous trading day, before settling in for the closing price of $1.10. Within the past 52 weeks, WKHS’s price has moved between $0.57 and $175.60.
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Annual sales at Consumer Cyclical sector company grew by 181.65% over the past five years. The company achieved an average annual earnings per share of 67.60%. With a float of $39.28 million, this company’s outstanding shares have now reached $40.98 million.
Let’s look at the performance matrix of the company that is accounted for 298 employees. In terms of profitability, gross margin is -333.34%, operating margin of -1028.63%, and the pretax margin is -1384.72%.
Workhorse Group Inc (WKHS) Insider Updates
Observing investor behavior towards Auto Manufacturers industry stocks is more important than anything else. The insider ownership of Workhorse Group Inc is 4.14%, while institutional ownership is 4.89%.
Workhorse Group Inc (WKHS) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -3.8 earnings per share (EPS) for the period falling under the consensus outlook (set at -1.4) by -2.4. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.57 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 67.60% per share during the next fiscal year.
Workhorse Group Inc (NASDAQ: WKHS) Trading Performance Indicators
Workhorse Group Inc (WKHS) is currently performing well based on its current performance indicators. A quick ratio of 0.29 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.47, a number that is poised to hit -0.43 in the next quarter and is forecasted to reach -1.03 in one year’s time.
Technical Analysis of Workhorse Group Inc (WKHS)
Workhorse Group Inc (NASDAQ: WKHS) saw its 5-day average volume 4.65 million, a positive change from its year-to-date volume of 1.54 million. As of the previous 9 days, the stock’s Stochastic %D was 25.58%. Additionally, its Average True Range was 0.18.
During the past 100 days, Workhorse Group Inc’s (WKHS) raw stochastic average was set at 34.43%, which indicates a significant decrease from 34.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 226.89% in the past 14 days, which was higher than the 140.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.8796, while its 200-day Moving Average is $2.5570. Nevertheless, the first resistance level for the watch stands at $1.2367 in the near term. At $1.3233, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.3967. If the price goes on to break the first support level at $1.0767, it is likely to go to the next support level at $1.0033. Assuming the price breaks the second support level, the third support level stands at $0.9167.
Workhorse Group Inc (NASDAQ: WKHS) Key Stats
Market capitalization of the company is 53.93 million based on 24,363K outstanding shares. Right now, sales total 13,090 K and income totals -123,920 K. The company made 840 K in profit during its latest quarter, and -26,320 K in sales during its previous quarter.
