NASDAQ:WKHS Workhorse Group (WKHS) Stock Forecast, Price & News $0.84 +0.00 (+0.50%) (As of 11:15 AM ET) Add Compare Share Share Today's Range$0.80▼$0.8650-Day Range$0.84▼$1.3652-Week Range$0.80▼$4.73Volume3.19 million shsAverage Volume4.31 million shsMarket Capitalization$156.27 millionP/E RatioN/ADividend YieldN/APrice Target$4.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Workhorse Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside452.7% Upside$4.50 Price TargetShort InterestBearish23.22% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.56) to ($0.31) 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.1.42 out of 5 starsAuto/Tires/Trucks Sector83rd out of 100 stocksMotor Vehicles & Car Bodies Industry25th out of 31 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 $4.50, Workhorse Group has a forecasted upside of 452.7% from its current price of $0.81.Amount of Analyst CoverageWorkhorse Group has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted23.22% 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 9.2.Change versus previous monthShort interest in Workhorse Group has recently decreased by 3.70%, indicating that investor sentiment is improving. 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 0.6 News and Social Media Coverage News Coverage This WeekMarketBeat has tracked 1 news article for Workhorse Group this week, compared to 3 articles on an average week.Search InterestOnly 26 people have searched for WKHS on MarketBeat in the last 30 days. This is a decrease of -35% compared to the previous 30 days.MarketBeat Follows11 people have added Workhorse Group to their MarketBeat watchlist in the last 30 days. This is an increase of 10% 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 ($0.31) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Workhorse Group is -1.10, 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 -1.10, 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 1.43. 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 HeadlinesMay 16, 2023 | marketbeat.comWorkhorse Group: Consider Getting Back on the Horse Workhorse Group Inc. is ramping production and on track to reach its 2023 goals, including at least $75 million in revenue.May 19, 2023 | americanbankingnews.comDA Davidson Trims Workhorse Group (NASDAQ:WKHS) Target Price to $1.50June 1, 2023 | Edge On The Street (Ad)AI is Unstoppable. Now Is The Time!AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.May 17, 2023 | msn.comDA Davidson Maintains Workhorse Group (WKHS) Neutral RecommendationMay 16, 2023 | msn.comWorkhorse Group: Consider Getting Back on the HorseMay 16, 2023 | finance.yahoo.comWorkhorse Group First Quarter 2023 Earnings: EPS Beats Expectations, Revenues LagMay 16, 2023 | finance.yahoo.comInstitutions along with individual investors who hold considerable shares inWorkhorse Group Inc. (NASDAQ:WKHS) come under pressure; lose 15% of holdings valueMay 16, 2023 | finance.yahoo.comQ1 2023 Workhorse Group Inc Earnings CallJune 1, 2023 | Edge On The Street (Ad)Graphite versus Lithium - What Investors Should KnowOver 18 million EVs will be cruising U.S roads by 2030. And every one million EVs manufactured will require 82,000 tons of the metal graphite for their batteries. That's a total of 1,476,000 tons of graphite! Graphite is actually the largest component of EV batteries - NOT lithium. Experts warn of a massive graphite shortfall, especially since North America currently has no operating graphite mines.May 15, 2023 | markets.businessinsider.comAnalysts Conflicted on These Consumer Goods Names: iRobot (IRBT), Nomad Foods (NOMD) and Workhorse Group (WKHS)May 15, 2023 | finance.yahoo.comWorkhorse Group Q1 loss grows but makeover nears completionMay 15, 2023 | msn.comWorkhorse Tops Q1 Consensus; Updates On EV PipelineMay 15, 2023 | bizjournals.comElectric vehicle manufacturer Workhorse Group hits supply chain snags, 2023 outlook holds steadyMay 15, 2023 | msn.comWorkhorse Group reports Q1 earnings; reaffirms FY23 outlookMay 15, 2023 | finance.yahoo.comWorkhorse Group Reports First Quarter 2023 ResultsMay 13, 2023 | americanbankingnews.comB. Riley Comments on Workhorse Group Inc.'s FY2024 Earnings (NASDAQ:WKHS)May 12, 2023 | msn.comWorkhorse Group Q1 2023 Earnings Preview: What to expectMay 10, 2023 | marketwatch.comWorkhorse Group Inc. stock rises Wednesday, outperforms marketMay 8, 2023 | americanbankingnews.comWorkhorse Group (WKHS) Scheduled to Post Earnings on MondayMay 5, 2023 | finance.yahoo.comMagna (MGA) Q1 Earnings and Revenues Top EstimatesMay 5, 2023 | marketwatch.comWorkhorse Group Inc. stock falls Thursday, underperforms marketMay 2, 2023 | finance.yahoo.comWorkhorse Group to Highlight W56 Step Van Commercial Readiness at the ACT Expo on May 3, 2023May 1, 2023 | finance.yahoo.comWorkhorse Group Sets First Quarter 2023 Earnings Call for Monday, May 15, 2023 at 10:00 a.m. ETApril 27, 2023 | marketwatch.comWorkhorse Group Inc. stock underperforms Thursday when compared to competitors despite daily gainsApril 26, 2023 | marketwatch.comWorkhorse Group Inc. stock underperforms Monday when compared to competitorsApril 2, 2023 | marketwatch.comWorkhorse Group Inc. Common Stock ($WKHS) Trading ReportMarch 28, 2023 | marketwatch.comWorkhorse Group Inc. stock remains steady Monday, still outperforms marketSee More Headlines WKHS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart WKHS Company Calendar Last Earnings11/09/2021Today6/01/2023Next Earnings (Estimated)8/08/2023Fiscal 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$4.50 High Stock Price Forecast$8.00 Low Stock Price Forecast$1.50 Forecasted Upside/Downside+435.3%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-1,793.78% Pretax Margin-1,793.76% Return on Equity-94.57% Return on Assets-63.56% Debt Debt-to-Equity RatioN/A Current Ratio2.04 Quick Ratio1.70 Sales & Book Value Annual Sales$5.02 million Price / Sales30.98 Cash FlowN/A Price / Cash FlowN/A Book Value$0.57 per share Price / Book1.47Miscellaneous Outstanding Shares184,960,000Free Float177,689,000Market Cap$155.50 million OptionableNot Optionable Beta2.71 Key ExecutivesRichard F. DauchPresident, Chief Executive Officer & DirectorRobert M. GinnanChief Financial OfficerJoshua AndersonChief Technology OfficerMowry JeffChief Information OfficerJames D. HarringtonSecretary & Chief Administrative OfficerKey CompetitorsREE AutomotiveNASDAQ:REECenntro Electric GroupNASDAQ:CENNElectrameccanica VehiclesNASDAQ:SOLOProterraNASDAQ:PTRALordstown MotorsNASDAQ:RIDEView All CompetitorsInsiders & InstitutionsJPMorgan Chase & Co.Bought 30,149 shares on 5/18/2023Ownership: 0.064%New York State Common Retirement FundSold 43,200 shares on 5/18/2023Ownership: 0.034%First Trust Advisors LPSold 41,545 shares on 5/16/2023Ownership: 0.578%Susquehanna International Group LLPBought 61,800 shares on 5/16/2023Ownership: 0.000%Jane Street Group LLCSold 15,600 shares on 5/16/2023Ownership: 0.000%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 twelve months. 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 brokers have issued 1 year price targets for Workhorse Group's shares. Their WKHS share price forecasts range from $1.50 to $8.00. On average, they expect the company's share price to reach $4.50 in the next twelve months. This suggests a possible upside of 435.3% 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 on January 1st, 2023. Since then, WKHS stock has decreased by 44.7% and is now trading at $0.8407. 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, August 8th 2023. 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, 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 firm 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 94.57% and a negative net margin of 1,793.78%. During the same quarter last year, the firm earned ($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 Invesco WilderHill Clean Energy ETF (PBW), SPDR S&P Kensho Smart Mobility ETF (HAIL), SPDR S&P Kensho New Economies Composite ETF (KOMP), AdvisorShares Drone Technology ETF (UAV), iShares Self-Driving EV and Tech ETF (IDRV), ALPS Clean Energy ETF (ACES), 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 updated its FY 2023 earnings guidance on Friday, May, 26th. 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 $89.24 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.07%), State Street Corp (4.75%), Geode Capital Management LLC (1.93%), Charles Schwab Investment Management Inc. (0.71%), First Trust Advisors LP (0.58%) and Credit Suisse AG (0.46%). 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 $0.84. How much money does Workhorse Group make? Workhorse Group (NASDAQ:WKHS) has a market capitalization of $155.50 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 6/1/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. 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. 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 Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.