NASDAQ:WKHS Workhorse Group - WKHS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Workhorse Group Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $1.27 +0.03 (+2.42%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$1.18▼$1.2950-Day Range$1.24▼$2.4952-Week Range$1.18▼$5.39Volume12.04 million shsAverage Volume3.70 million shsMarket Capitalization$217.39 millionP/E RatioN/ADividend YieldN/APrice Target$4.75 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Workhorse Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside274.0% Upside$4.75 Price TargetShort InterestBearish25.06% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment1.09Based on 4 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.56) to ($0.26) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.58 out of 5 starsAuto/Tires/Trucks Sector89th out of 97 stocksMotor Vehicles & Car Bodies Industry24th out of 29 stocks 3.0 Analyst's Opinion Consensus RatingWorkhorse Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $4.75, Workhorse Group has a forecasted upside of 274.0% from its current price of $1.27.Amount of Analyst CoverageWorkhorse Group has received no research coverage in the past 90 days. Previous Next 0.0 Short Interest Percentage of Shares Shorted25.06% of the outstanding shares of Workhorse Group have been sold short.Short Interest Ratio / Days to CoverWorkhorse Group has a short interest ratio ("days to cover") of 12.4, which indicates bearish sentiment.Change versus previous monthShort interest in Workhorse Group has recently increased by 2.68%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldWorkhorse Group does not currently pay a dividend.Dividend GrowthWorkhorse Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for WKHS. Previous Next 3.9 News and Social Media Coverage News SentimentWorkhorse Group has a news sentiment score of 1.09. 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 0.47 average news sentiment score of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Workhorse Group this week, compared to 2 articles on an average week.Search Interest52 people have searched for WKHS on MarketBeat in the last 30 days. This is an increase of 4% compared to the previous 30 days.MarketBeat Follows13 people have added Workhorse Group to their MarketBeat watchlist in the last 30 days. This is an increase of 44% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Workhorse Group insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.06% of the stock of Workhorse Group is held by insiders.Percentage Held by InstitutionsOnly 32.09% of the stock of Workhorse Group is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Workhorse Group are expected to grow in the coming year, from ($0.56) to ($0.26) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Workhorse Group is -1.72, 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. SectorThe P/E ratio of Workhorse Group is -1.72, 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 RatioWorkhorse Group has a P/B Ratio of 1.92. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Workhorse Group (NASDAQ:WKHS) StockWorkhorse Group, Inc. is a technology company, which engages in the provision of sustainable solutions to the commercial transportation sector. It operates as an original equipment manufacturer, which designs and builds battery-electric vehicles including trucks and aircraft. The firm also creates all-electric delivery trucks and drone systems. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Sharonville, OH.Read More 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. Email Address WKHS Stock News HeadlinesMarch 2, 2023 | marketbeat.comHas Workhorse Group Finally Hit Bottom? Workhorse Group is turning a corner with production ramping on its new line of vehicles, Mullen Automotive lags behind and may have a hard time catching upMarch 25, 2023 | seekingalpha.comWKHS Workhorse Group Inc.March 25, 2023 | Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.March 21, 2023 | bizjournals.comWorkhorse Group launches certified dealer program to boost EV truck salesMarch 21, 2023 | finance.yahoo.comWorkhorse Group Establishes Certified Dealer Program and Announces Kingsburg Truck Center as its First Certified Dealership in CaliforniaMarch 16, 2023 | bizjournals.comWorkhorse CEO turned down opportunity to move EV maker to Detroit; here’s whyMarch 16, 2023 | stocknews.comSteer Clear of These 4 Auto Stocks in 2023March 14, 2023 | marketwatch.comWorkhorse Group Inc. stock rises Tuesday, still underperforms marketMarch 25, 2023 | Oxford Club (Ad)My No. 1 dividend stock for a LIFETIME of income.Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century! I think it's a crying shame folks don't know how powerful dividends are.March 9, 2023 | finance.yahoo.comWorkhorse Group to Participate in the 35th Annual ROTH Conference from March 12-14, 2023March 8, 2023 | finanznachrichten.deWorkhorse Group, Inc.: Workhorse Group to Unveil W56 Step Van at the NTEA Work Truck ShowMarch 8, 2023 | finance.yahoo.comWorkhorse Group to Unveil W56 Step Van at the NTEA Work Truck Show®March 7, 2023 | finance.yahoo.comWorkhorse Group Inc. (NASDAQ:WKHS) Q4 2022 Earnings Call TranscriptMarch 2, 2023 | bizjournals.comWorkhorse Group plots major production, revenue to ramp up to $125 million in 2023March 2, 2023 | msn.comHas Workhorse Group Finally Hit Bottom?March 1, 2023 | marketwatch.comWorkhorse Group Inc. stock underperforms Wednesday when compared to competitorsMarch 1, 2023 | finance.yahoo.comHow Rivian Crushed All Electric Vehicle Stocks TodayMarch 1, 2023 | benzinga.comLordstown Motors (RIDE) Stock Is Diving Today: So What's Happening?March 1, 2023 | msn.comEarnings Outlook For Workhorse GroupMarch 1, 2023 | msn.comWorkhorse stock sags after quarterly revenue misses by a wide marginMarch 1, 2023 | marketwatch.comWorkhorse Group Inc. stock rises Tuesday, outperforms marketMarch 1, 2023 | finance.yahoo.comWorkhorse Group Reports Fourth Quarter and Full Year 2022 ResultsMarch 1, 2023 | finance.yahoo.comWorkhorse Group Announces Board of Directors TransitionMarch 1, 2023 | markets.businessinsider.comWhy Workhorse Stock Is FallingFebruary 17, 2023 | finance.yahoo.comIs Workhorse Group (NASDAQ:WKHS) In A Good Position To Deliver On Growth Plans?February 16, 2023 | finance.yahoo.comWorkhorse Group Sets Fourth Quarter and Full Year 2022 Earnings Call for Wednesday, March 1, 2023 at 10:00 a.m. ETFebruary 13, 2023 | finance.yahoo.comWorkhorse (WKHS) May Find a Bottom Soon, Here's Why You Should Buy the Stock NowSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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. Email Address WKHS Company Calendar Last Earnings11/09/2021Today3/25/2023Next Earnings (Estimated)5/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Motor vehicles & car bodies Sub-IndustryN/A SectorAuto/Tires/Trucks Current SymbolNASDAQ:WKHS CUSIPN/A CIK1425287 Webwww.workhorse.com Phone(888) 646-5205FaxN/AEmployees221Year FoundedN/APrice Target and Rating Average Stock Price Forecast$4.75 High Stock Price Forecast$8.00 Low Stock Price Forecast$3.00 Forecasted Upside/Downside+274.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)($0.74) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-117,270,000.00 Net Margins-2,334.76% Pretax Margin-2,334.74% Return on Equity-83.79% Return on Assets-59.78% Debt Debt-to-Equity RatioN/A Current Ratio2.20 Quick Ratio2.06 Sales & Book Value Annual Sales$5.02 million Price / Sales43.30 Cash FlowN/A Price / Cash FlowN/A Book Value$0.66 per share Price / Book1.92Miscellaneous Outstanding Shares171,170,000Free Float164,219,000Market Cap$217.39 million OptionableNot Optionable Beta2.85 Key ExecutivesRichard F. DauchChief Executive Officer, President & DirectorRobert M. GinnanChief Financial OfficerJoshua AndersonChief Technology OfficerMowry JeffChief Information OfficerJames D. HarringtonSecretary & Chief Administrative OfficerKey CompetitorsLordstown MotorsNASDAQ:RIDENiu TechnologiesNASDAQ:NIUCenntro Electric GroupNASDAQ:CENNREE AutomotiveNASDAQ:REEFaraday Future Intelligent ElectricNASDAQ:FFIEView All CompetitorsInsiders & InstitutionsMetLife Investment Management LLCSold 31,754 shares on 3/23/2023Ownership: 0.027%Parallax Volatility Advisers L.P.Bought 300 shares on 2/27/2023Ownership: 0.000%Alliancebernstein L.P.Bought 34,000 shares on 2/16/2023Ownership: 0.077%State of WyomingSold 12,567 shares on 2/16/2023Ownership: 0.012%Mariner LLCBought 5,741 shares on 2/15/2023Ownership: 0.013%View All Insider TransactionsView All Institutional Transactions WKHS Stock - Frequently Asked Questions Should I buy or sell Workhorse Group stock right now? 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WKHS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WKHS, but not buy additional shares or sell existing shares. View WKHS analyst ratings or view top-rated stocks. What is Workhorse Group's stock price forecast for 2023? 1 Wall Street research analysts have issued 1-year price objectives for Workhorse Group's shares. Their WKHS share price forecasts range from $3.00 to $8.00. On average, they predict the company's stock price to reach $4.75 in the next twelve months. This suggests a possible upside of 274.0% 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 start of the year. Since then, WKHS stock has decreased by 16.4% and is now trading at $1.27. 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, May 9th 2023. View our WKHS earnings forecast. How were Workhorse Group's earnings last quarter? Workhorse Group Inc. (NASDAQ:WKHS) released its quarterly earnings results on Tuesday, November, 9th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.58. The business had revenue of ($0.58) million for the quarter, compared to analyst estimates of $1.03 million. Workhorse Group had a negative trailing twelve-month return on equity of 83.79% and a negative net margin of 2,334.76%. During the same quarter last year, the firm posted ($0.78) EPS. What ETFs hold Workhorse Group's stock? ETFs with the largest weight of Workhorse Group (NASDAQ:WKHS) stock in their portfolio include SPDR S&P Kensho Smart Mobility ETF (HAIL), Invesco WilderHill Clean Energy ETF (PBW), SPDR S&P Kensho New Economies Composite ETF (KOMP), iShares Self-Driving EV and Tech ETF (IDRV), ALPS Clean Energy ETF (ACES), AdvisorShares Drone Technology ETF (UAV), Strategy Shares Halt Climate Change ETF (NZRO) and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN). What guidance has Workhorse Group issued on next quarter's earnings? Workhorse Group issued an update on its FY 2023 earnings guidance on Wednesday, March, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $75.00 million-$125.00 million, compared to the consensus revenue estimate of $117.83 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 many different institutional and retail investors. Top institutional investors include Geode Capital Management LLC (1.96%), Charles Schwab Investment Management Inc. (0.74%), Morgan Stanley (0.64%), First Trust Advisors LP (0.63%), Alps Advisors Inc. (0.55%) and Marshall Wace LLP (0.50%). Insiders that own company stock include Anthony Daly Furey, Duane Hughes, Gerald B Budde, Gregory T Ackerson, H Benjamin Samuels, Harry Demott, Joseph Theodore Lukens Jr, 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 $1.27. How much money does Workhorse Group make? Workhorse Group (NASDAQ:WKHS) has a market capitalization of $217.39 million and generates $5.02 million in revenue each year. The company earns $-117,270,000.00 in net income (profit) each year or ($0.74) 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 (888) 646-5205 or via email at wkhs@gatewayir.com. This page (NASDAQ:WKHS) was last updated on 3/25/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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