Workhorse Group (WKHS) Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
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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.

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).

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.

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.

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).

Workhorse Group trades on the NASDAQ under the ticker symbol "WKHS."

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.
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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.
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One share of WKHS stock can currently be purchased for approximately $0.84.

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.

The company employs 221 workers across the globe.

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.