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NASDAQ:WKHS

Workhorse Group - WKHS Stock Forecast, Price & News

$3.43
-0.29 (-7.80%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$3.40
▼
$3.63
50-Day Range
$2.60
▼
$4.49
52-Week Range
$2.11
▼
$10.59
Volume
3.27 million shs
Average Volume
5.36 million shs
Market Capitalization
$561.63 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.25

Workhorse Group MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
53.1% Upside
$5.25 Price Target
Short Interest
Healthy
25.24% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.10mentions of Workhorse Group in the last 14 days
Based on 13 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.

1.89 out of 5 stars

Auto/Tires/Trucks Sector

72nd out of 107 stocks

Motor Vehicles & Car Bodies Industry

25th out of 32 stocks

See Top Rated MarketRank™ Stocks Here
WKHS stock logo

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.

Wall Street Analyst Weigh In

A number of brokerages have commented on WKHS. Roth Capital cut Workhorse Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $7.00 to $3.50 in a report on Tuesday, August 9th. Cowen lifted their target price on Workhorse Group to $5.50 in a report on Monday. Finally, DA Davidson reduced their target price on Workhorse Group from $5.00 to $3.00 in a report on Monday, May 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Workhorse Group has an average rating of "Hold" and an average target price of $5.25.

Workhorse Group Trading Down 7.8 %

NASDAQ:WKHS traded down $0.29 during mid-day trading on Friday, hitting $3.43. The company had a trading volume of 149,531 shares, compared to its average volume of 4,883,185. The business has a fifty day simple moving average of $3.22 and a 200-day simple moving average of $3.37. Workhorse Group has a 1 year low of $2.11 and a 1 year high of $10.59. The firm has a market capitalization of $561.63 million, a price-to-earnings ratio of -1.57 and a beta of 2.90.

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WKHS Stock News Headlines

August 16, 2022 | marketbeat.com
Is Ford About To Crush Workhorse Group? 
A potential contract with FedEx has Ford shares in the spotlight but investors shouldn't count out Workhorse Group in the race for EV delivery.
August 12, 2022 | marketbeat.com
MarketBeat: Week in Review 8/8 - 8/12 (WKHS)
The market is moving higher with "better than expected" inflation news providing the fuel. Here are some stocks we believe you should look at this week
August 19, 2022 | Investing Trends (Ad)
Is the US Military Secretly Under Chinese Control?
Alarmingly, the answer may be "yes". Communist China now controls 80% of the lithium that powers most US military vehicles and equipment. The threat level is so high that the White House recently declared a state of emergency on lithium...
August 10, 2022 | marketbeat.com
Workhorse Group Is Ready To Get Back On The Horse 
Workhorse Group had a rough 2Q but the company is ready to get back on the horse after hiring a new CEO and regrouping for success.
August 3, 2022 | marketbeat.com
Proposed Tesla Stock Split Drives EV Market Higher  (WKHS)
Tesla's results, outlook, and expected stock split are leading the entire EV market into a reversal that could take the market to new all-time highs.
August 19, 2022 | americanbankingnews.com
Workhorse Group (NASDAQ:WKHS) Shares Down 6.8%
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 19, 2022 | Investing Trends (Ad)
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War
Right now, China has the US Military in a stranglehold. They hold a monopoly on one of our most CRITICAL defense elements. But thanks to executive orders from both Biden and Trump...
August 17, 2022 | americanbankingnews.com
Cowen Increases Workhorse Group (NASDAQ:WKHS) Price Target to $5.50
August 14, 2022 | americanbankingnews.com
FY2022 Earnings Forecast for Workhorse Group Inc. Issued By Oppenheimer (NASDAQ:WKHS)
August 12, 2022 | americanbankingnews.com
Workhorse Group (NASDAQ:WKHS) Cut to "Neutral" at Roth Capital
August 11, 2022 | ca.finance.yahoo.com
Here's Why We're Watching Workhorse Group's (NASDAQ:WKHS) Cash Burn Situation
August 11, 2022 | americanbankingnews.com
Workhorse Group Inc. (NASDAQ:WKHS) Given Average Rating of "Hold" by Analysts
August 10, 2022 | americanbankingnews.com
Investors Buy High Volume of Workhorse Group Call Options (NASDAQ:WKHS)
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 8, 2022 | americanbankingnews.com
Workhorse Group (WKHS) Scheduled to Post Quarterly Earnings on Tuesday
August 4, 2022 | seekingalpha.com
Workhorse: Resolving Concerns And Gearing Up For Production
See More Headlines
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WKHS Company Calendar

Last Earnings
11/09/2021
Today
8/19/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022
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
(513) 360-4704
Fax
N/A
Employees
221
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.25
High Stock Price Forecast
$7.50
Low Stock Price Forecast
$3.00
Forecasted Upside/Downside
+53.1%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 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
404.05
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$1.00 per share
Price / Book
3.43

Miscellaneous

Outstanding Shares
163,741,000
Free Float
157,093,000
Market Cap
$561.63 million
Optionable
Not Optionable
Beta
2.90

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. HughesMr. 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?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 2022?

5 Wall Street research analysts have issued 1 year price targets for Workhorse Group's shares. Their WKHS share price forecasts range from $3.00 to $7.50. On average, they expect the company's share price to reach $5.25 in the next twelve months. This suggests a possible upside of 53.1% 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 21.3% and is now trading at $3.43.
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) released its quarterly earnings results on Tuesday, November, 9th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.19) by $0.58. The company had revenue of ($0.58) million for the quarter, compared to the consensus estimate of $1.03 million. During the same quarter last year, the firm posted ($0.78) earnings per share.

What guidance has Workhorse Group issued on next quarter's earnings?

Workhorse Group updated its FY 2022 earnings guidance on Tuesday, August, 16th. 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."

Who are Workhorse Group's major shareholders?

Workhorse Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include State Street Corp (4.17%), Northern Trust Corp (0.89%), Alps Advisors Inc. (0.61%), Cubist Systematic Strategies LLC (0.39%), Mitsubishi UFJ Kokusai Asset Management Co. Ltd. (0.31%) and Credit Suisse AG (0.31%). 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, 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 $3.43.

How much money does Workhorse Group make?

Workhorse Group (NASDAQ:WKHS) has a market capitalization of $561.63 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 8/19/2022 by MarketBeat.com Staff

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