Workhorse Group Inc (NASDAQ:WKHS) shares, rose in value, with the stock price down by -2.18% to the previous day’s close as strong demand from buyers drove the stock to $0.16.
Actively observing the price movement in the last trading, the stock closed the session at $0.16. The value of beta (5-year monthly) was 2.43. Referring to stock’s 52-week performance, its high was $1.36, and the low was $0.15. On the whole, WKHS has fluctuated by -27.32% over the past month.
With the market capitalization of Workhorse Group Inc currently standing at about $49.49 million, investors are eagerly awaiting this quarter’s results, scheduled for May 13, 2024 – May 17, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WKHS’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of WKHS currently trading nearly -18.92% and -36.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.48, while the 7-day volatility ratio is showing 6.55% which for the 30-day chart, stands at 7.45%. Furthermore, Workhorse Group Inc (WKHS)’s beta value is 2.51, and its average true range (ATR) is 0.02.
A comparison of Workhorse Group Inc (WKHS) with its peers suggests the former has fared considerably weaker in the market. WKHS showed an intraday change of -2.18% in last session, and over the past year, it shrunk by -82.80%%.
Data on historical trading for Workhorse Group Inc (NASDAQ:WKHS) indicates that the trading volumes over the past 3 months, they’ve averaged 11.79 million. According to company’s latest data on outstanding shares, there are 314.83 million shares outstanding.
Nearly 6.52% of Workhorse Group Inc’s shares belong to company insiders and institutional investors own 16.20% of the company’s shares. The stock has fallen by -56.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WKHS stock heading into the next quarter.
