NASDAQ:WKHS

Workhorse Group (WKHS) Stock Forecast, Price & News

$0.43

-0.04 (-8.48%)

(As of 09/22/2023 ET)

Compare

Today's Range: $0.40
▼
$0.49
50-Day Range: $0.43
▼
$1.33
52-Week Range: $0.40
▼
$3.05

Volume: 24.98 million shs
Average Volume: 12.94 million shs
Market Capitalization: $91.00 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.50

Workhorse Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 942.4% Upside
$4.50 Price Target
Short Interest: Bearish
20.72% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.48) to ($0.28) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.62 out of 5 stars

Auto/Tires/Trucks Sector

81st out of 96 stocks

Motor Vehicles & Car Bodies Industry

23rd out of 30 stocks

3.5

Analyst's Opinion

Consensus Rating
Workhorse Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.50, Workhorse Group has a forecasted upside of 942.4% from its current price of $0.43.
Amount of Analyst Coverage
Workhorse Group has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
20.72% of the outstanding shares of Workhorse Group have been sold short.
Short Interest Ratio / Days to Cover
Workhorse Group has a short interest ratio ("days to cover") of 4.3.
Change versus previous month
Short interest in Workhorse Group has recently increased by 9.45%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Workhorse Group does not currently pay a dividend.
Dividend Growth
Workhorse Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WKHS.

0.6

News and Social Media Coverage

Search Interest
Only 30 people have searched for WKHS on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
MarketBeat Follows
22 people have added Workhorse Group to their MarketBeat watchlist in the last 30 days. This is an increase of 120% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Workhorse Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 3.15% of the stock of Workhorse Group is held by insiders.
Percentage Held by Institutions
Only 25.10% of the stock of Workhorse Group is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Workhorse Group are expected to grow in the coming year, from ($0.48) to ($0.28) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Workhorse Group is -0.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Workhorse Group is -0.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Workhorse Group has a P/B Ratio of 0.65. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Workhorse Group (NASDAQ:WKHS) Stock

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. It also provides Metron, a remote data management system that tracks the performance of various the vehicles deployed. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Sharonville, Ohio.

WKHS Price History

30 days | 90 days | 365 days | Advanced Chart

WKHS Stock News Headlines

September 14, 2023 | msn.com

Workhorse Group (NASDAQ:WKHS) Gallops on IRS Approval for Commercial Clean Vehicle Credit

September 13, 2023 | finanznachrichten.de

Workhorse Group, Inc.: Workhorse Receives IRS Approval for Commercial Clean Vehicle Credit

September 24, 2023 | Investor Place Media (Ad)

Disturbing Truth About Biden's New Program To Seize Your Cash

A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.

September 12, 2023 | msn.com

Workhorse Group pops 20% after landing IRS approval for commercial clean vehicle credit

September 12, 2023 | finance.yahoo.com

Workhorse Receives IRS Approval for Commercial Clean Vehicle Credit

September 9, 2023 | finance.yahoo.com

You Won't Believe What Workhorse's CEO Just Said

September 7, 2023 | finance.yahoo.com

Workhorse Begins Production of W56 Chassis

September 7, 2023 | finance.yahoo.com

Great News for Workhorse Stock Investors

September 24, 2023 | Behind the Markets (Ad)

Laser breakthrough could send stock soaring 2,467%

Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...

September 6, 2023 | finance.yahoo.com

Why Is Everyone Talking About Workhorse Stock Right Now?

September 4, 2023 | finance.yahoo.com

What's Going on With Workhorse Stock?

September 1, 2023 | finance.yahoo.com

Workhorse shareholders back management’s new stock gambit

September 1, 2023 | finanznachrichten.de

Workhorse Group, Inc.: Workhorse Group Stockholders Approve Share Authorization Proposal

September 1, 2023 | msn.com

Workhorse Group stockholders approve share authorization

September 1, 2023 | finance.yahoo.com

Workhorse Group Stockholders Approve Share Authorization Proposal

August 28, 2023 | msn.com

Workhorse adjourns special meeting of shareholders

August 28, 2023 | finance.yahoo.com

Workhorse falls short on votes to increase share count

August 25, 2023 | markets.businessinsider.com

This Giant Pension Fund Is Doubling Down on EV Stocks

August 25, 2023 | msn.com

Giant Fund Buys Stock in Three EV Players, Sells One

August 25, 2023 | finance.yahoo.com

Workhorse Hosts Webcast to Answer Stockholder Questions

August 25, 2023 | finance.yahoo.com

Fund Cuts Stake in EV Player, Doubles Down on 3 More

August 22, 2023 | finance.yahoo.com

Workhorse Group Reminds Stockholders to Vote “FOR” the Proposal to Increase the Number of Authorized Shares

August 22, 2023 | finanznachrichten.de

Workhorse Group, Inc.: Workhorse Files Prospectus Supplement in Connection with Special Meeting

August 21, 2023 | finance.yahoo.com

Workhorse Files Prospectus Supplement in Connection with Special Meeting

August 18, 2023 | finanznachrichten.de

Workhorse Group, Inc.: Workhorse Highlights Why Stockholders Should Vote FOR Proposal to Increase Workhorse's Authorized Shares

August 17, 2023 | finance.yahoo.com

Workhorse Highlights Why Stockholders Should Vote FOR Proposal to Increase Workhorse’s Authorized Shares

August 16, 2023 | finance.yahoo.com

Workhorse to Host Stockholder Q&A Webcast with Management Team

See More Headlines

Receive WKHS Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Workhorse Group and its competitors with MarketBeat's FREE daily newsletter.

WKHS Company Calendar

Last Earnings: 8/08/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:WKHS
CUSIP: N/A
CIK: 1425287
Web: www.workhorse.com
Phone: (888) 646-5205
Fax: N/A
Employees: 331
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $4.50
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $1.50
Forecasted Upside/Downside: +942.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.73)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-117,270,000.00
Net Margins: -1,145.62%
Pretax Margin: -1,145.61%
Return on Equity: -108.02%
Return on Assets: -65.73%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.14
Quick Ratio: 1.54

Sales & Book Value

Annual Sales: $5.02 million
Price / Sales: 18.13
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.66 per share
Price / Book: 0.65

Miscellaneous

Outstanding Shares: 210,790,000
Free Float: 204,153,000
Market Cap: $91.00 million
Optionable: Not Optionable
Beta: 2.89

A Guide To High-Short-Interest Stocks

MarketBeat's analysts have just released their top five short plays for October 2023. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

Mr. Richard F. Dauch (Age 62)
Pres, CEO & Director
Comp: $2.08M

Mr. Robert M. Ginnan (Age 59)
Chief Financial Officer
Comp: $696.43k

Mr. James D. Harrington (Age 62)
Chief Admin. Officer, Gen. Counsel & Sec.
Comp: $838.91k

Mr. Gregory T. Ackerson (Age 45)
Chief Accounting Officer, Principal Accounting Officer & Corp. Controller

Mr. Joshua Joseph Anderson (Age 47)
Chief Technology Officer

Mr. Jeff Mowry
Chief Information Officer

Mr. Stan March (Age 64)
VP of Corp. Devel. & Communications

Ms. Kerry K. Roraff (Age 47)
Chief HR Officer

Mr. John W. Graber (Age 66)
Pres of Aerospace

Mr. Ryan Wesley Gaul (Age 47)
Pres of Commercial Vehicles

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

WKHS Stock - Frequently Asked Questions

Should I buy or sell Workhorse Group stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" WKHS shares.
View WKHS analyst ratings or view top-rated stocks.
What is Workhorse Group's stock price forecast for 2023?: 1 brokerages have issued 12-month target prices for Workhorse Group's shares. Their WKHS share price forecasts range from $1.50 to $8.00. On average, they expect the company's stock price to reach $4.50 in the next year. This suggests a possible upside of 942.4% from the stock's current price.
View analysts price targets for WKHS or view top-rated stocks among Wall Street analysts.
How have WKHS shares performed in 2023?: Workhorse Group's stock was trading at $1.52 at the beginning of the year. Since then, WKHS stock has decreased by 71.6% and is now trading at $0.4317.
View the best growth stocks for 2023 here.
When is Workhorse Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our WKHS earnings forecast.
How were Workhorse Group's earnings last quarter?: Workhorse Group Inc. (NASDAQ:WKHS) announced its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.03. The company had revenue of $3.97 million for the quarter, compared to the consensus estimate of $10.70 million. Workhorse Group had a negative net margin of 1,145.62% and a negative trailing twelve-month return on equity of 108.02%.
What ETFs hold Workhorse Group's stock?: ETFs with the largest weight of Workhorse Group (NASDAQ:WKHS) stock in their portfolio include Direxion Moonshot Innovators ETF (MOON), SPDR S&P Kensho Smart Mobility ETF (HAIL) and Invesco Nasdaq Future Gen 200 ETF (QQQS).AdvisorShares Drone Technology ETF (UAV).
What guidance has Workhorse Group issued on next quarter's earnings?: Workhorse Group updated its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $65.00 million-$85.00 million, compared to the consensus revenue estimate of $78.75 million.
What is Steve Burns' approval rating as Workhorse Group's CEO?: 1 employees have rated Workhorse Group Chief Executive Officer Steve Burns on Glassdoor.com. Steve Burns has an approval rating of 100% among the company's employees. This puts Steve Burns in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Workhorse Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Workhorse Group investors own include Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Nikola (NKLA), Block (SQ), Advanced Micro Devices (AMD), Zoom Video Communications (ZM), CrowdStrike (CRWD), Slack Technologies (WORK) and Fastly (FSLY).
What is Workhorse Group's stock symbol?: Workhorse Group trades on the NASDAQ under the ticker symbol "WKHS."
Who are Workhorse Group's major shareholders?: Workhorse Group's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (5.76%), State Street Corp (4.39%), Geode Capital Management LLC (1.69%), Northern Trust Corp (0.65%), Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.60%) and Charles Schwab Investment Management Inc. (0.51%). Insiders that own company stock include Duane Hughes, Gerald B Budde, Gregory T Ackerson, H Benjamin Samuels, Harry Demott, Pamela S Mader, Raymond Joseph Chess, Richard F Dauch, Robert Harry Willison, Stanley Raymond March, Stephen M Fleming and Steve Schrader.
View institutional ownership trends.
How do I buy shares of Workhorse Group?: Shares of WKHS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Workhorse Group's stock price today?: One share of WKHS stock can currently be purchased for approximately $0.43.
How much money does Workhorse Group make?: Workhorse Group (NASDAQ:WKHS) has a market capitalization of $91.00 million and generates $5.02 million in revenue each year. The company earns $-117,270,000.00 in net income (profit) each year or ($0.73) on an earnings per share basis.
How many employees does Workhorse Group have?: The company employs 331 workers across the globe.
How can I contact Workhorse Group?: Workhorse Group's mailing address is 100 COMMERCE DRIVE, LOVELAND OH, 45140. The official website for the company is www.workhorse.com. The company can be reached via phone at (888) 646-5205 or via email at wkhs@gatewayir.com.

This page (NASDAQ:WKHS) was last updated on 9/24/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial