NASDAQ:WKHS

Workhorse Group - WKHS Stock Forecast, Price & News

$2.87

+0.19 (+7.09%)

(As of 09/30/2022 12:00 AM ET)

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Today's Range: $2.74
▼
$2.95
50-Day Range: $2.66
▼
$4.49
52-Week Range: $2.11
▼
$7.80

Volume: 3.56 million shs
Average Volume: 2.55 million shs
Market Capitalization: $469.93 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.80

Workhorse Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 67.2% Upside
$4.80 Price Target
Short Interest: Bearish
23.62% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.16
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.52) to ($0.37) 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

97th out of 110 stocks

Motor Vehicles & Car Bodies Industry

30th out of 35 stocks

3.3

Analyst's Opinion

Consensus Rating
Workhorse Group has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.80, Workhorse Group has a forecasted upside of 67.2% from its current price of $2.87.
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
23.62% 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 9.7.
Change versus previous month
Short interest in Workhorse Group has recently increased by 4.97%, indicating that investor sentiment is decreasing.

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.

2.3

News and Social Media Coverage

News Sentiment
Workhorse Group has a news sentiment score of 1.16. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Workhorse Group this week, compared to 2 articles on an average week.
Search Interest
Only 31 people have searched for WKHS on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.
MarketBeat Follows
Only 11 people have added Workhorse Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -83% 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 4.06% of the stock of Workhorse Group is held by insiders.
Percentage Held by Institutions
Only 31.78% of the stock of Workhorse Group is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Workhorse Group are expected to grow in the coming year, from ($0.52) to ($0.37) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Workhorse Group is -1.32, 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 -1.32, 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 2.56. P/B Ratios below 3 indicates that a company is reasonably valued 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, a custom-designed purpose-built all-electric drone system. It also provides Metron, an air delivery application 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 Loveland, Ohio.

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WKHS Stock News Headlines

September 7, 2022 | marketbeat.com

REV Group Has A Deep Moat In The World Of EVs (WKHS)

REV Group has a deep moat and is bottoming after solid results and an outlook that is hindered only by supply chain and parts availability.

September 27, 2022 | stocknews.com

3 Stocks You'll Want to Leave out of Your Retirement Portfolio

September 19, 2022 | finance.yahoo.com

3 Auto Stocks to Sell Now

September 13, 2022 | stocknews.com

The 5 Worst EV Stocks You Should Not Buy in 2022

September 13, 2022 | seekingalpha.com

Workhorse Group wins patent for land vehicle system

September 7, 2022 | finance.yahoo.com

Quite a few insiders invested in Workhorse Group Inc. (NASDAQ:WKHS) last year which is positive news for shareholders

August 17, 2022 | finance.yahoo.com

EV Roundup: Key Tidbits From Q2 Reports of RIVN, BLNK, WKHS, GOEV & HYLN

August 17, 2022 | finance.yahoo.com

Tropos CEO: We would not have done Workhorse deal under old regime

August 11, 2022 | ca.finance.yahoo.com

Here's Why We're Watching Workhorse Group's (NASDAQ:WKHS) Cash Burn Situation

August 9, 2022 | seekingalpha.com

Workhorse Group, Inc. (WKHS) CEO Richard Dauch on Q2 2022 Results - Earnings Call Transcript

August 9, 2022 | markets.businessinsider.com

Workhorse Stock Is Getting Hammered Today: Here's Why

August 9, 2022 | finance.yahoo.com

Why Workhorse Stock Plunged Today

August 9, 2022 | finance.yahoo.com

Workhorse Cuts Its Sales Outlook for 2022. The Stock Is Sinking.

August 9, 2022 | finance.yahoo.com

Workhorse Group signs contract manufacturing agreement with Silicon Valley firm

August 9, 2022 | baystreet.ca

Workhorse Steps Back on Q2 Figures

August 9, 2022 | seekingalpha.com

Workhorse Group falls after reporting Q2 loss, setting cautious guidance

August 9, 2022 | finance.yahoo.com

Workhorse Group Reports Second Quarter 2022 Results

August 9, 2022 | finance.yahoo.com

Workhorse stock tumbles after EV maker misses revenue expectations, cuts full-year outlook

August 8, 2022 | nasdaq.com

Noteworthy Monday Option Activity: WKHS, WOOF, QLYS

August 4, 2022 | seekingalpha.com

Workhorse: Resolving Concerns And Gearing Up For Production

August 3, 2022 | theglobeandmail.com

Proposed Tesla Stock Split Drives EV Market Higher

July 27, 2022 | stocknews.com

Now Is the Time to Sell These 3 EV Stocks

July 26, 2022 | finance.yahoo.com

Workhorse Group Sets Second Quarter 2022 Earnings Call for Tuesday, August 9, 2022 at 10:00 a.m. ET

July 20, 2022 | seekingalpha.com

Hot Stocks: Cannabis rally; WKHS jumps on USPS deal; FOR drops on earnings; NEM sets 52-week low

July 20, 2022 | markets.businessinsider.com

Workhorse Stock Is Popping Off Today: Here's Why

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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WKHS Company Calendar

Last Earnings: 8/09/2022
Today: 10/01/2022
Next Earnings (Estimated): 11/08/2022
Fiscal Year End: 12/31/2022

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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: (513) 360-4704
Fax: N/A
Employees: 221
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $4.80
High Stock Price Forecast: $6.00
Low Stock Price Forecast: $3.00
Forecasted Upside/Downside: +67.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.18)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-401,350,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -176.47%
Return on Assets: -115.76%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 9.30
Quick Ratio: 8.59

Sales & Book Value

Annual Sales: $1.39 million
Price / Sales: 338.08
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.12 per share
Price / Book: 2.56

Miscellaneous

Outstanding Shares: 163,740,000
Free Float: 157,093,000
Market Cap: $469.93 million
Optionable: Not Optionable
Beta: 2.91

Key Executives

Mr. Richard F. Dauch (Age 61)
Pres, CEO & Director
Comp: $2.36M

Mr. Gregory T. Ackerson (Age 44)
Chief Accounting Officer, Principal Accounting Officer & Corp. Controller
Comp: $349.06k

Mr. Joshua Joseph Anderson (Age 46)
Chief Technology Officer
Comp: $296.51k

Mr. James D. Harrington (Age 61)
Chief Admin. Officer, Gen. Counsel & Sec.
Comp: $630.19k

Mr. Duane A. Hughes (Age 58)
Consultant
Comp: $1.24M

Mr. John W. Graber (Age 65)
Pres of Aerospace
Comp: $532.19k

Mr. Robert M. Ginnan (Age 58)
Chief Financial Officer

Mr. Stan March (Age 63)
VP of Corp. Devel. & Communications

Ms. Kerry Roraff (Age 46)
Chief HR Officer

Mr. Ryan Wesley Gaul (Age 46)
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?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 2022?: 3 Wall Street analysts have issued 12 month price targets for Workhorse Group's shares. Their WKHS share price forecasts range from $3.00 to $6.00. On average, they predict the company's stock price to reach $4.80 in the next twelve months. This suggests a possible upside of 67.2% 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 2022?: Workhorse Group's stock was trading at $4.36 at the beginning of 2022. Since then, WKHS shares have decreased by 34.2% and is now trading at $2.87.
View the best growth stocks for 2022 here.
When is Workhorse Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our WKHS earnings forecast.
How were Workhorse Group's earnings last quarter?: Workhorse Group Inc. (NASDAQ:WKHS) issued its quarterly earnings data on Tuesday, August, 9th. The company reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). The company earned $0.01 million during the quarter, compared to the consensus estimate of $0.10 million.
What guidance has Workhorse Group issued on next quarter's earnings?: Workhorse Group issued an update on its FY 2022 earnings guidance on Tuesday, September, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $15.00 million-$25.00 million, compared to the consensus revenue estimate of $24.09 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."
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 $2.87.
How much money does Workhorse Group make?: Workhorse Group (NASDAQ:WKHS) has a market capitalization of $469.93 million and generates $1.39 million in revenue each year. The company earns $-401,350,000.00 in net income (profit) each year or ($2.18) on an earnings per share basis.
How many employees does Workhorse Group have?: The company employs 221 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 (513) 360-4704 or via email at wkhs@gatewayir.com.

This page (NASDAQ:WKHS) was last updated on 10/2/2022 by MarketBeat.com Staff

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Workhorse Group - WKHS Stock Forecast, Price & News

Workhorse Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Workhorse Group (NASDAQ:WKHS) Stock

WKHS Stock News Headlines

WKHS Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

WKHS Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™