Workhorse Group Inc (NASDAQ:WKHS) traded at $0.17 at close of the session on Monday, April 29, made an upward move of 6.24% on its previous day’s price.
Looking at the stock we see that its previous close was $0.16. In terms of its 52-week price range, WKHS has a high of $1.36 and a low of $0.15. The company’s stock has lost about -28.90% over that past 30 days.
Workhorse Group Inc has a market cap of $52.51 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.09, with the EPS growth for the year raised at -$0.35 for 2024 and -$0.26 for next year. These figures represent 41.70% and 25.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $4.13 million, with a low of $3 million and a high of $4.8 million. The median projection represents growth squeezing down to 143.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $40.64 million, or 210.30% up from figures reported last year.
On the other hand, looking at the outlook for the WKHS stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -10.45% off its SMA20 and -31.35% from its 50-day simple moving average. The RSI (14) is pointing at 34.78 while the volatility over the past week is 6.11% and jumps to 7.32% over the past one month. The beta value is 2.51, while the average true range (ATR) is currently pointing at 0.02.
Coming back to Workhorse Group Inc (NASDAQ:WKHS), we note that the average 3-month trading volume was 12.19 million. Current shares outstanding are 314.83 million.
The insiders hold 6.52% of the company’s shares while institutions hold 16.17%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -53.67% down in year-to-date price movement.
