Workhorse Group Inc (NASDAQ: WKHS) on Monday, plunged -10.55% from the previous trading day, before settling in for the closing price of $1.00. Within the past 52 weeks, WKHS’s price has moved between $0.57 and $165.64.
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A company in the Consumer Cyclical sector has jumped its sales by 181.65% annually for the last half of the decade. The company achieved an average annual earnings per share of 73.31%. With a float of $40.05 million, this company’s outstanding shares have now reached $40.98 million.
In an organization with 298 employees, it is important to assess its efficiency. 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 2.27%, while institutional ownership is 4.89%.
Workhorse Group Inc (WKHS) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 73.31% 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 4.03.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 1.82 million. That was better than the volume of 1.57 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 7.30%. Additionally, its Average True Range was 0.12.
During the past 100 days, Workhorse Group Inc’s (WKHS) raw stochastic average was set at 23.55%, which indicates a significant increase from 0.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.09% in the past 14 days, which was lower than the 131.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9502, while its 200-day Moving Average is $2.2100. However, in the short run, Workhorse Group Inc’s stock first resistance to watch stands at $0.9785. Second resistance stands at $1.0624. The third major resistance level sits at $1.1049. If the price goes on to break the first support level at $0.8521, it is likely to go to the next support level at $0.8096. Assuming the price breaks the second support level, the third support level stands at $0.7257.
Workhorse Group Inc (NASDAQ: WKHS) Key Stats
Market capitalization of the company is 36.66 million based on 40,982K outstanding shares. Right now, sales total 13,090 K and income totals -123,920 K. The company made 2,510 K in profit during its latest quarter, and -25,140 K in sales during its previous quarter.
