A Deeper Look at Its True Potential – BOVNews (2024)

• Samuel Moore
• September 2, 2024
• Finance

ROTH Capital has recently reduced Workhorse Group Inc (WKHS) stock to Neutral rating, as announced on August 9, 2022, according to Finviz. Earlier, on March 3, 2022, R. F. Lafferty had raised the stock from a Hold to Buy, setting a price target of $6. for WKHS stock. ROTH Capital also raised Buy rating with a price target of $7. Additionally, R. F. Lafferty resumed Hold rating on February 2, 2022, with a target price of $4. DA Davidson analysts, in their report published on August 11, 2021, also initiated Neutral rating and set a price target of $10 for Workhorse Group Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.

Workhorse Group Inc (WKHS) Stock Trading Recap

On Friday, Workhorse Group Inc (WKHS) stock saw a decline, ending the day at $0.68 which represents a decrease of $-0.02 or -2.86% from the prior close of $0.7. The volume of shares traded was 0.70 million falling short of the average volume of 1.23 million.

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WKHS Stock Performance and Moving Averages

In recent trading, Workhorse Group Inc (WKHS) stock price has shown some volatility, fluctuating -13.28% over the last five trades and -49.25% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -99.50%, and it has plunged by -99.13% in the previous three months. Currently, WKHS is trading at -33.52%, -50.48%, and -99.16% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, WKHS, a Consumer Cyclical sector stock, is trading -99.80% below its 52-week high but remains 0.00% above its 52-week low. The Average True Range (ATR) (14 days) of 0.35 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

Workhorse Group Inc’s Profitability and Valuation Ratios

Workhorse Group Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -1044.76% and a profit margin of -1366.16%, with a gross margin of -99.50%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, Workhorse Group Inc’s market capitalization stands at $16.56 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 1.72, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.24, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 5.38% of Workhorse Group Inc (WKHS)’s shares, while financial institutions hold 9.98%.

• TagsWKHS, WKHS stock, Workhorse Group Inc.

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