Workhorse Group Inc (NASDAQ: WKHS) on Friday, plunged -4.39% from the previous trading day, before settling in for the closing price of $0.45. Within the past 52 weeks, WKHS’s price has moved between $0.42 and $142.40.
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A company in the Consumer Cyclical sector has jumped its sales by 239.73% annually for the last half of the decade. The company achieved an average annual earnings per share of 79.71%. With a float of $40.11 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 2.16%, while institutional ownership is 6.49%.
Workhorse Group Inc (WKHS) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 79.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 69.51% during the next five years compared to 4.17% growth over the previous five years of trading.
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 1.92.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.47, a number that is poised to hit -0.42 in the next quarter and is forecasted to reach -1.19 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 2.45 million. That was inferior than the volume of 2.74 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 19.50%. Additionally, its Average True Range was 0.05.
During the past 100 days, Workhorse Group Inc’s (WKHS) raw stochastic average was set at 1.69%, which indicates a significant decrease from 12.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.53% in the past 14 days, which was lower than the 115.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6384, while its 200-day Moving Average is $1.3189. However, in the short run, Workhorse Group Inc’s stock first resistance to watch stands at $0.4487. Second resistance stands at $0.4705. The third major resistance level sits at $0.4943. If the price goes on to break the first support level at $0.4031, it is likely to go to the next support level at $0.3793. Assuming the price breaks the second support level, the third support level stands at $0.3575.
Workhorse Group Inc (NASDAQ: WKHS) Key Stats
Market capitalization of the company is 17.50 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.
