Should I buy or sell Workhorse Group stock right now?

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WKHS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WKHS, but not buy additional shares or sell existing shares. View WKHS analyst ratings or view top-rated stocks .

What is Workhorse Group's stock price target for 2024?

4 brokerages have issued twelve-month price targets for Workhorse Group's stock. Their WKHS share price targets range from $0.50 to $3.00. On average, they predict the company's share price to reach $1.50 in the next year. This suggests a possible upside of 768.6% from the stock's current price. View analysts price targets for WKHS or view top-rated stocks among Wall Street analysts .

How have WKHS shares performed in 2024?

Workhorse Group's stock was trading at $0.36 at the start of the year. Since then, WKHS stock has decreased by 52.0% and is now trading at $0.1727. View the best growth stocks for 2024 here .

When is Workhorse Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024. View our WKHS earnings forecast .

How were Workhorse Group's earnings last quarter?

Workhorse Group Inc. (NASDAQ:WKHS) posted its quarterly earnings data on Tuesday, March, 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by $0.07. The firm earned $4.41 million during the quarter, compared to analysts' expectations of $3.30 million. Workhorse Group had a negative trailing twelve-month return on equity of 121.46% and a negative net margin of 946.32%.

What ETFs hold Workhorse Group's stock?

ETFs with the largest weight of Workhorse Group (NASDAQ:WKHS) stock in their portfolio include SPDR S&P Kensho Smart Mobility ETF (HAIL) . AdvisorShares Drone Technology ETF (UAV) .

What is Steve Burns' approval rating as Workhorse Group's CEO?

1 employees have rated Workhorse Group Chief Executive Officer Steve Burns on Glassdoor.com . Steve Burns has an approval rating of 100% among the company's employees. This puts Steve Burns in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Workhorse Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Workhorse Group investors own include Tesla (TSLA) , NIO (NIO) , NVIDIA (NVDA) , Nikola (NKLA) , Block (SQ) , Advanced Micro Devices (AMD) , Zoom Video Communications (ZM) , CrowdStrike (CRWD) , Slack Technologies (WORK) and Fastly (FSLY) .

How do I buy shares of Workhorse Group?

Shares of WKHS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:WKHS

Workhorse Group (WKHS) Stock Price, News & Analysis

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$0.17

-0.01 (-5.47%)

(As of 04/17/2024 ET)

Compare

Today's Range: $0.16
▼
$0.19
50-Day Range: $0.18
▼
$0.36
52-Week Range: $0.16
▼
$1.36

Volume: 21.50 million shs
Average Volume: 10.41 million shs
Market Capitalization: $54.33 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $1.50

Get Workhorse Group alerts:

Workhorse Group MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 768.6% Upside
$1.50 Price Target
Short Interest: Bearish
17.59% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.30) to ($0.15) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.78 out of 5 stars

Auto/Tires/Trucks Sector

72nd out of 79 stocks

Motor Vehicles & Car Bodies Industry

23rd out of 26 stocks

3.0

Analyst's Opinion

Consensus Rating
Workhorse Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 2 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Workhorse Group has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
17.59% of the outstanding shares of Workhorse Group have been sold short.
Short Interest Ratio / Days to Cover
Workhorse Group has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in Workhorse Group has recently increased by 5.67%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Workhorse Group does not currently pay a dividend.
Dividend Growth
Workhorse Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WKHS.

1.5

News and Social Media Coverage

News Sentiment
Workhorse Group has a news sentiment score of -0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.36 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Workhorse Group this week, compared to 3 articles on an average week.
Search Interest
Only 27 people have searched for WKHS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
26 people have added Workhorse Group to their MarketBeat watchlist in the last 30 days. This is an increase of 37% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Workhorse Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.91% of the stock of Workhorse Group is held by insiders.
Percentage Held by Institutions
Only 15.98% of the stock of Workhorse Group is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Workhorse Group are expected to grow in the coming year, from ($0.30) to ($0.15) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Workhorse Group is -0.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Workhorse Group is -0.29, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Workhorse Group has a P/B Ratio of 0.54. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Workhorse Group Stock (NASDAQ:WKHS)

Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Sharonville, Ohio.

WKHS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

WKHS Stock News Headlines

April 12, 2024 | msn.com

What Is a Stock Market Correction?

April 10, 2024 | investorplace.com

Bankruptcy Alert: 3 EV Stocks to Sell Now Before They Plunge

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April 10, 2024 | globenewswire.com

Workhorse Group Expands Dealer Network with Addition of Ziegler Truck Group

April 1, 2024 | markets.businessinsider.com

Analysts Offer Insights on Consumer Cyclical Companies: Workhorse Group (WKHS), Cracker Barrel (CBRL) and Home Depot (HD)

March 26, 2024 | markets.businessinsider.com

Workhorse Group: Cautious Hold Amidst Financial Stabilization and Conservative Revenue Outlook

March 19, 2024 | finance.yahoo.com

EV Roundup: WKHS' Quarterly Results, NIO-CATL Alliance Draw Attention

March 19, 2024 | globenewswire.com

Workhorse Strengthens Financial Position with Convertible Note Transaction

April 17, 2024 | Crypto Swap Profits (Ad)

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March 14, 2024 | seekingalpha.com

Workhorse Group Inc. (WKHS) Q4 2023 Earnings Call Transcript

March 14, 2024 | finance.yahoo.com

Workhorse Group Inc. (NASDAQ:WKHS) Q4 2023 Earnings Call Transcript

March 14, 2024 | finance.yahoo.com

13 Most Undervalued EV Stocks To Buy According To Analysts

March 13, 2024 | seekingalpha.com

Fisker shares in freefall as company plans bankruptcy filing

March 13, 2024 | finance.yahoo.com

Q4 2023 Workhorse Group Inc Earnings Call

March 13, 2024 | markets.businessinsider.com

Maintaining Hold on Workhorse Group Amid Financial Strains and Market Uncertainties

March 12, 2024 | msn.com

Jerome Powell just revealed a hidden reason why inflation is staying high: The economy is increasingly uninsurable

March 12, 2024 | bizjournals.com

Workhorse Group cutting workforce by 20%, shifting production in latest slew of cost-cutting moves

March 12, 2024 | markets.businessinsider.com

Why Technology Company Workhorse Shares Are Sliding Today

March 12, 2024 | investorplace.com

Workhorse Layoffs 2024: What to Know About the Latest WKHS Job Cuts

March 12, 2024 | finanznachrichten.de

Workhorse Group, Inc.: Workhorse Group Reports Fourth Quarter and Full Year 2023 Results

March 12, 2024 | globenewswire.com

Workhorse Group Reports Fourth Quarter and Full Year 2023 Results

March 11, 2024 | markets.businessinsider.com

Here's what to expect from Workhorse Group's earnings report

March 11, 2024 | msn.com

Options Volatility and Implied Earnings Moves This Week, March 11 – March 15, 2024

March 6, 2024 | finance.yahoo.com

WKHS Apr 2024 1.000 call

March 6, 2024 | finance.yahoo.com

WKHS Apr 2024 1.000 put

March 1, 2024 | globenewswire.com

Workhorse Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Tuesday, March 12, 2024 at 12:00 p.m. ET

February 27, 2024 | investorplace.com

3 EV Stocks to Ignore Before They Fall Even Further

See More Headlines

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Company Calendar

Last Earnings: 3/12/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/20/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Auto/Tires/Trucks
Industry: Motor vehicles & car bodies
Sub-Industry: N/A
Current Symbol: NASDAQ:WKHS
CUSIP: N/A
CIK: 1425287
Web: www.workhorse.com
Phone: (888) 646-5205
Fax: N/A
Employees: 298
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $1.50
High Stock Price Target: $3.00
Low Stock Price Target: $0.50
Potential Upside/Downside: +768.6%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.59)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-123,920,000.00
Net Margins: -946.32%
Pretax Margin: -947.16%
Return on Equity: -121.46%
Return on Assets: -76.70%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.76
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: $13.10 million
Price / Sales: 4.15
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.32 per share
Price / Book: 0.54

Miscellaneous

Outstanding Shares: 314,610,000
Free Float: 308,597,000
Market Cap: $54.33 million
Optionable: Optionable
Beta: 2.46

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Key Executives

Mr. Richard F. Dauch (Age 63)
President, CEO & Director
Comp: $2.08M
Mr. Robert M. Ginnan (Age 60)
Chief Financial Officer
Comp: $696.43k
Mr. James D. Harrington (Age 63)
Chief Administrative Officer, General Counsel & Secretary
Comp: $838.91k
Mr. Joshua Joseph Anderson (Age 48)
Chief Technology Officer
Comp: $296.51k
Mr. Jeff Mowry
Chief Information Officer
Mr. Stan March (Age 65)
Vice President of Corporate Development & Communications
Ms. Kerry K. Roraff (Age 48)
Chief Human Resources Officer
Mr. John W. Graber (Age 67)
President of Aerospace
Comp: $532.19k
Mr. Ryan Wesley Gaul (Age 48)
President of Commercial Vehicles
Mr. James C. Peters (Age 63)
Vice President of Supply Chain Management

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

WKHS Stock Analysis - Frequently Asked Questions

Should I buy or sell Workhorse Group stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WKHS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WKHS, but not buy additional shares or sell existing shares.
View WKHS analyst ratings or view top-rated stocks.
What is Workhorse Group's stock price target for 2024?: 4 brokerages have issued twelve-month price targets for Workhorse Group's stock. Their WKHS share price targets range from $0.50 to $3.00. On average, they predict the company's share price to reach $1.50 in the next year. This suggests a possible upside of 768.6% from the stock's current price.
View analysts price targets for WKHS or view top-rated stocks among Wall Street analysts.
How have WKHS shares performed in 2024?: Workhorse Group's stock was trading at $0.36 at the start of the year. Since then, WKHS stock has decreased by 52.0% and is now trading at $0.1727.
View the best growth stocks for 2024 here.
When is Workhorse Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 20th 2024.
View our WKHS earnings forecast.
How were Workhorse Group's earnings last quarter?: Workhorse Group Inc. (NASDAQ:WKHS) posted its quarterly earnings data on Tuesday, March, 12th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by $0.07. The firm earned $4.41 million during the quarter, compared to analysts' expectations of $3.30 million. Workhorse Group had a negative trailing twelve-month return on equity of 121.46% and a negative net margin of 946.32%.

What ETFs hold Workhorse Group's stock?: ETFs with the largest weight of Workhorse Group (NASDAQ:WKHS) stock in their portfolio include SPDR S&P Kensho Smart Mobility ETF (HAIL).AdvisorShares Drone Technology ETF (UAV).
What is Steve Burns' approval rating as Workhorse Group's CEO?: 1 employees have rated Workhorse Group Chief Executive Officer Steve Burns on Glassdoor.com. Steve Burns has an approval rating of 100% among the company's employees. This puts Steve Burns in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Workhorse Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Workhorse Group investors own include Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Nikola (NKLA), Block (SQ), Advanced Micro Devices (AMD), Zoom Video Communications (ZM), CrowdStrike (CRWD), Slack Technologies (WORK) and Fastly (FSLY).
How do I buy shares of Workhorse Group?: Shares of WKHS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:WKHS) was last updated on 4/17/2024 by MarketBeat.com Staff

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