Workhorse Group Inc. (NASDAQ:WKHS - Free Report) - Investment analysts at Roth Capital lifted their Q1 2024 earnings per share (EPS) estimates for shares of Workhorse Group in a report released on Wednesday, March 13th. Roth Capital analyst C. Irwin now forecasts that the company will earn ($0.08) per share for the quarter, up from their previous forecast of ($0.10). The consensus estimate for Workhorse Group's current full-year earnings is ($0.35) per share. Roth Capital also issued estimates for Workhorse Group's Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.08) EPS, FY2024 earnings at ($0.30) EPS and FY2025 earnings at ($0.15) EPS.
Workhorse Group Price Performance
Shares of WKHS stock traded up $0.01 during trading hours on Friday, reaching $0.27. 15,000,440 shares of the company's stock were exchanged, compared to its average volume of 7,628,729. The company has a market cap of $83.74 million, a P/E ratio of -0.45 and a beta of 2.50. The company's 50 day moving average is $0.29 and its two-hundred day moving average is $0.39. Workhorse Group has a 1 year low of $0.23 and a 1 year high of $1.56.
Hedge Funds Weigh In On Workhorse Group
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Workhorse Group by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 9,870,555 shares of the company's stock worth $3,553,000 after buying an additional 453,481 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Workhorse Group by 82.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 400,140 shares of the company's stock worth $144,000 after buying an additional 180,712 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Workhorse Group by 99.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 180,497 shares of the company's stock worth $65,000 after buying an additional 90,000 shares in the last quarter. Barclays PLC raised its stake in shares of Workhorse Group by 829.7% during the 4th quarter. Barclays PLC now owns 285,503 shares of the company's stock worth $103,000 after buying an additional 254,793 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Workhorse Group by 22.9% during the 4th quarter. Northern Trust Corp now owns 1,857,357 shares of the company's stock worth $669,000 after buying an additional 346,640 shares in the last quarter. 25.10% of the stock is owned by hedge funds and other institutional investors.
Workhorse Group Company Profile
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Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, as well as designs and manufactures drone systems.
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