Workhorse Group (WKHS) Stock Price, News & Analysis

Company Overview

Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. 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 Sharonville, Ohio.

Key Stats

• Today's Range: $1.02 to $1.12
• 50-Day Range: $0.61 to $1.44
• 52-Week Range: $0.57 to $8.78
• Volume: 4.62 million shs
• Average Volume: 1.50 million shs
• Market Capitalization: $25.58 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.63
• Consensus Rating: Reduce

Workhorse Group Stock Analysis - MarketRank™

Workhorse Group scored higher than 36% of companies evaluated by MarketBeat, and ranked 64th out of 88 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Workhorse Group has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Workhorse Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Workhorse Group are expected to grow in the coming year, from ($4.65) to ($3.40) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Workhorse Group is -0.11, 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 -0.11, 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 Ratio

Workhorse Group has a P/B Ratio of 0.16. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

25.61% of the float of Workhorse Group has been sold short.

Short Interest Ratio / Days to Cover

Workhorse Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Workhorse Group has recently increased by 7.36%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Workhorse Group does not currently pay a dividend.

Dividend Growth

Workhorse Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

25.61% of the float of Workhorse Group has been sold short.

Short Interest Ratio / Days to Cover

Workhorse Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Workhorse Group has recently increased by 7.36%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 0.28

News Sentiment

Workhorse Group has a news sentiment score of 0.28. 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 lower news sentiment than the 0.60 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Workhorse Group this week, compared to 3 articles on an average week.

Search Interest

30 people have searched for WKHS on MarketBeat in the last 30 days. This is an increase of 15% compared to the previous 30 days.

MarketBeat Follows

13 people have added Workhorse Group to their MarketBeat watchlist in the last 30 days. This is an increase of 63% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Workhorse Group insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.91% of the stock of Workhorse Group is held by insiders.

Percentage Held by Institutions

Only 15.98% of the stock of Workhorse Group is held by institutions.

WKHS Stock Analysis - Frequently Asked Questions

How have WKHS shares performed this year?

Workhorse Group's stock was trading at $7.20 on January 1st, 2024. Since then, WKHS stock has decreased by 85.4% and is now trading at $1.05.
View the best growth stocks for 2024 here.

How were Workhorse Group's earnings last quarter?

Workhorse Group Inc. (NASDAQ:WKHS) announced its quarterly earnings results on Monday, August, 19th. The company reported ($1.40) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($1.40). The company had revenue of $0.84 million for the quarter, compared to analyst estimates of $3 million. Workhorse Group had a negative net margin of 1,366.25% and a negative trailing twelve-month return on equity of 163.23%.

When did Workhorse Group's stock split?

Workhorse Group shares reverse split on Monday, June 17th 2024. The 1-20 reverse split was announced on Monday, June 17th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Monday, June 17th 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Who are Workhorse Group's major shareholders?

Workhorse Group's top institutional investors include Geode Capital Management LLC (1.16%), Virtu Financial LLC (0.24%) and Jane Street Group LLC (0.17%). Insiders that own company stock include Richard F Dauch, Raymond Joseph Chess, Harry Demott, Stanley Raymond March and Pamela S Mader.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Workhorse Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Workhorse Group investors own include Plug Power (PLUG), FuelCell Energy (FCEL), NIO (NIO), Zomedica (ZOM), Tesla (TSLA), NVIDIA (NVDA) and Meta Platforms (META).

Company Calendar

• Last Earnings: 8/19/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicles & car bodies
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:WKHS
• CUSIP: N/A
• CIK: 1425287
• Web: www.workhorse.com
• Phone: (888) 646-5205
• Fax: N/A
• Employees: 330
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.63
• High Stock Price Target: $10.00
• Low Stock Price Target: $1.25
• Potential Upside/Downside: +435.7%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($9.80)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-123,920,000.00
• Net Margins: -1,366.25%
• Pretax Margin: -1,367.40%
• Return on Equity: -163.23%
• Return on Assets: -103.61%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.43
• Quick Ratio: 0.31

Sales & Book Value

• Annual Sales: $13.10 million
• Price / Sales: 1.95
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $6.37 per share
• Price / Book: 0.16

Miscellaneous

• Outstanding Shares: 24,360,000
• Free Float: 23,898,000
• Market Cap: $25.58 million
• Optionable: Optionable
• Beta: 2.55