NASDAQ:WKHS

Workhorse Group Stock Forecast, Price & News

Followed 192 Times

$23.76

+0.42 (+1.80 %)

(As of 01/19/2021 12:00 AM ET)

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Today's Range

$23.09

Now: $23.76▼

$23.99

50-Day Range

$19.78

MA: $22.52▼

$27.60

52-Week Range

$1.32

Now: $23.76▼

$30.99

Volume8.51 million shs

Average Volume14.32 million shs

Market Capitalization$2.86 billion

P/E RatioN/A

Dividend YieldN/A

Beta2.8

Workhorse Group Inc., a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. Its products medium-duty trucks under the Workhorse brand; and HorseFly delivery drones systems. 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.

MarketRank^™

Overall MarketRank^™

0.95 out of 5 stars

1.3 Analyst's Opinion

Consensus Rating
Workhorse Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 2 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $19.57, Workhorse Group has a forecasted downside of 17.6% from its current price of $23.76.
Amount of Analyst Coverage
Workhorse Group has only been the subject of 3 research reports in the past 90 days.

3.5 Community Rank

Outperform Votes
Workhorse Group has received 429 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Workhorse Group has received 189 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Workhorse Group has received 69.42% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Workhorse Group and other stocks. Vote “Outperform” if you believe WKHS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WKHS will underperform the S&P 500 over the long term. You may vote once every thirty days.

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.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Workhorse Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $11,643,508.00 in company stock.
Percentage Held by Insiders
Only 5.90% of the stock of Workhorse Group is held by insiders.
Percentage Held by Institutions
Only 21.43% of the stock of Workhorse Group is held by institutions.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Workhorse Group are expected to decrease in the coming year, from $0.07 to ($0.29) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Workhorse Group is -12.84, 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 -12.84, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Workhorse Group has a PEG Ratio of 9.07. PEG Ratios above 1 indicate that a company could be overvalued.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Motor vehicles & car bodies

Sub-IndustryN/A

SectorAuto/Tires/Trucks

Current SymbolNASDAQ:WKHS

Previous Symbol

CUSIPN/A

CIK1425287

Webwww.workhorse.com

Phone513-360-4704

Employees81

Debt

Debt-to-Equity RatioN/A

Current Ratio0.33

Quick Ratio0.29

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E Ratio339.43

P/E Growth9.07

Sales & Book Value

Annual Sales$380,000.00

Price / Sales7,536.23

Cash FlowN/A

Price / Cash FlowN/A

Book Value($0.49) per share

Price / Book-48.49

Profitability

EPS (Most Recent Fiscal Year)($0.07)

Net Income$-37,160,000.00

Net Margins-75,089.62%

Return on EquityN/A

Return on Assets-33.07%

Miscellaneous

Outstanding Shares120,529,000

Market Cap$2.86 billion

Next Earnings Date3/12/2021 (Estimated)

OptionableNot Optionable

$23.76

+0.42 (+1.80 %)

(As of 01/19/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Workhorse Group (NASDAQ:WKHS) Frequently Asked Questions

How has Workhorse Group's stock been impacted by Coronavirus?

Workhorse Group's stock was trading at $2.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WKHS stock has increased by 975.1% and is now trading at $23.76.
View which stocks have been most impacted by COVID-19.

Is Workhorse Group a buy right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Workhorse Group stock.
View analyst ratings for Workhorse Group or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Workhorse Group?

Wall Street analysts have given Workhorse Group a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Workhorse Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Workhorse Group's next earnings date?

Workhorse Group is scheduled to release its next quarterly earnings announcement on Friday, March 12th 2021.
View our earnings forecast for Workhorse Group.

How were Workhorse Group's earnings last quarter?

Workhorse Group Inc. (NASDAQ:WKHS) issued its quarterly earnings data on Monday, November, 9th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.11) by $0.67. The company had revenue of $0.57 million for the quarter, compared to analysts' expectations of $0.40 million.
View Workhorse Group's earnings history.

What price target have analysts set for WKHS?

8 Wall Street analysts have issued twelve-month price objectives for Workhorse Group's shares. Their forecasts range from $4.50 to $29.00. On average, they anticipate Workhorse Group's share price to reach $19.57 in the next year. This suggests that the stock has a possible downside of 17.6%.
View analysts' price targets for Workhorse Group or view Wall Street analyst' top-rated stocks.

Are investors shorting Workhorse Group?

Workhorse Group saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 30,540,000 shares, an increase of 18.3% from the December 15th total of 25,810,000 shares. Based on an average trading volume of 19,200,000 shares, the days-to-cover ratio is presently 1.6 days.
View Workhorse Group's Short Interest.

Who are some of Workhorse Group's key competitors?

Some companies that are related to Workhorse Group include Tata Motors (TTM), Nikola (NKLA), Oshkosh (OSK), Mazda Motor (MZDAY), Navistar International (NAV), Brilliance China Automotive (BCAUY), Lordstown Motors (RIDE), Niu Technologies (NIU), Federal Signal (FSS), The Shyft Group (SHYF), The Shyft Group (SPAR), REV Group (REVG), Electrameccanica Vehicles (SOLO), Stagecoach Group (SAGKF) and Kandi Technologies Group (KNDI).
View all of WKHS's competitors.

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), Square (SQ), Advanced Micro Devices (AMD), Zoom Video Communications (ZM), CrowdStrike (CRWD), Slack Technologies (WORK) and Fastly (FSLY).

Who are Workhorse Group's key executives?

Workhorse Group's management team includes the following people:

Mr. Duane A. Hughes, CEO, Treasurer & Director (Age 56, Pay $573.56k)
Mr. Robert Harry Willison, Chief Operating Officer (Age 59, Pay $294.3k)
Mr. Stephen M. Fleming J.D., Gen. Counsel & VP (Age 47, Pay $551.45k)
Mr. Steve Schrader, Chief Financial Officer (Age 57)
Mr. Gregory T. Ackerson, Corp. Controller (Age 43)
Mr. Stephen S. Burns, Co-Founder & Consultant (Age 60)

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 variety of retail and institutional investors. Top institutional shareholders include Gateway Advisory LLC (0.14%) and Patriot Financial Group Insurance Agency LLC (0.01%). Company insiders that own Workhorse Group 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, Robert Harry Willison, Stephen M Fleming and Steve Schrader.
View institutional ownership trends for Workhorse Group.

Which major investors are buying Workhorse Group stock?

WKHS stock was bought by a variety of institutional investors in the last quarter, including Gateway Advisory LLC, and Patriot Financial Group Insurance Agency LLC. Company insiders that have bought Workhorse Group stock in the last two years include Gerald B Budde, and Joseph Theodore Lukens Jr.
View insider buying and selling activity for Workhorse Group or or view top insider-buying stocks.

How do I buy shares of Workhorse Group?

Shares of WKHS 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.

What is Workhorse Group's stock price today?

One share of WKHS stock can currently be purchased for approximately $23.76.

How big of a company is Workhorse Group?

Workhorse Group has a market capitalization of $2.86 billion and generates $380,000.00 in revenue each year. The company earns $-37,160,000.00 in net income (profit) each year or ($0.07) on an earnings per share basis. Workhorse Group employs 81 workers across the globe.

What is Workhorse Group's official website?

The official website for Workhorse Group is www.workhorse.com.

How can I contact Workhorse Group?

Workhorse Group's mailing address is 100 COMMERCE DRIVE, LOVELAND OH, 45140. The company can be reached via phone at 513-360-4704 or via email at [email protected]

This page was last updated on 1/20/2021 by MarketBeat.com Staff

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