5/6/2023 0 Comments Workhorse group stock price![]() ![]() Nikola is said to be preparing to launch its Badger truck production by the end of 2022 – putting them in direct competition with Workhorse and the Tesla Semi for the future. Nikola shares were up over 40% on Tuesday after General Motors announced it will be Nikola’s strategic manufacturing partner – giving GM an 11% stake in the electric truck manufacturer. The recently announced partnership between General Motors Company (NYSE:GM) and Nikola (NASDAQ:NKLA) sent the electric truck industry into a frenzy. Shares are now trading well above the 60-day and 200-day moving averages and are up over 523% from the 52-week low price of $1.32. It has been an eventful year for Workhorse investors as the stock has tailed the likes of Tesla (NASDAQ:TSLA) and Nio (NYSE:NIO) during the recent surge of the electric-vehicle sector. Workhorse Group officially hit a new all-time high on Tuesday at $23.85 before settling back down and closing the day at $21.38. NASDAQ:WKHS has spiked for the second straight trading session despite the broader markets in the midst of a correction. S&P 500 Futures fade pullback from monthly low, eye more clues for ECB, Brexit talks.Workhorse continues to be the first movers in last-mile delivery space for zero-emission vehicles.General Motors and Nikola strike a deal that re-ignites investor interest in electric trucks.NASDAQ:WKHS hits new all-time high on Tuesday despite NASDAQ dipping for third straight session.EPS for the following year is $-0.35, with 8 analysts recommending between $-0.23 and $-0.46. The consensus estimate for the next quarter is $-0.12, with high estimates of $-0.09 and low estimates of $-0.15.Īnalysts are recommending an EPS of between $-0.42 and $-0.56 for the fiscal current year, implying an average EPS of $-0.5. On average, analysts expect EPS of $-0.12 for the current quarter, with a high estimate of $-0.09 and a low estimate of $-0.17, while EPS last year was $-0.35. There are 7 different market analysts currently analyzing its stock. Therefore, it implies a Short% of Shares Outstanding of 26.61% and a Short% of Float of 27.49%. Shares short for WKHS as of were 43.52M with a Short Ratio of 10.26, compared to 40.5M on Jun 14, 2022. Insiders hold about 0.60% of the company’s shares, while institutions hold 34.10% stake in the company. ![]() A total of 159.11M shares are outstanding, with a floating share count of 157.39M. Shares Statistics:įor the past three months, WKHS has traded an average of 3.77M shares per day and 2.76M over the past ten days. The 50-Day Moving Average of the stock is 3.3242, while the 200-Day Moving Average is calculated to be 3.4430. ![]() Over the past 52 weeks, WKHS has reached a high of $7.80, while it has fallen to a 52-week low of $2.11. As a result, the insider paid 47,700 and bolstered with 42,000 shares of the company. On Mar 14, another insider, March Stanley Raymond, who serves as the VP, Business Development of the company, bought 15,000 shares for $3.18 each. The Chief Executive Officer now owns 1,955,115 shares after completing the transaction at $3.10 per share. The transaction valued at 40,050 led to the insider holds 53,508 shares of the business.ĭAUCH RICHARD F bought 50,000 shares of WKHS for $155,000 on Mar 14. bought 12,600 shares for $3.18 per share. A recent insider transaction in this stock occurred on Mar 15 when Mader Pamela S. Insider Transactions:Īdditionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. ROTH Capital Upgraded its Neutral to Buy on March 02, 2022, while the target price for the stock was maintained at $7. Lafferty Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $4 to $6. In the most recent recommendation for the company, ROTH Capital on August 09, 2022, Downgraded its rating to Neutral and sets its target price to $3.50 from $7 previously. In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00. For the most recent quarter (mrq), Quick Ratio is recorded 8.60 and its Current Ratio is at 9.30. Sign up here to get your free report now.įor a deeper understanding of Workhorse Group Inc.’s stock, let’s take a closer look at its various ratios. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest. While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well.
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