Workhorse Group Inc (NASDAQ:WKHS) price closed lower on Monday, April 15, dropping -5.80% below its previous close.
A look at the daily price movement shows that the last close reads $0.19. The company’s 5Y monthly beta was ticking 2.43. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.36 and 52-week low of $0.19. The stock subtracted -27.00% on its value in the past month.
Workhorse Group Inc, which has a market valuation of $57.80 million, is expected to release its quarterly earnings report May 13, 2024 – May 17, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give WKHS a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that WKHS’s price is at present -16.55% off the SMA20 and -29.49% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 29.03, with weekly volatility standing at 5.78%. The indicator jumps to 7.72% when calculated based on the past 30 days. Workhorse Group Inc (NASDAQ:WKHS)’s beta value is holding at 2.47, while the average true range (ATR) indicator is currently reading 0.02.
An analysis of the Workhorse Group Inc (NASDAQ:WKHS) stock in terms of its daily trading volume indicates that the 3-month average is 10.55 million.
Current records show that the company has 314.83M in outstanding shares. The insiders’ percentage holdings are 6.52% of outstanding shares while the percentage share held by institutions stands at 16.19%. But the -49.00% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
