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Workhorse Group (WKHS)
NASDAQ:WKHS
Holding WKHS?
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WKHS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$0.57 - $8.79
Previous Close$1.2
Volume4.70M
Average Volume (3M)3.06M
Market Cap
$30.45M
Enterprise Value$34.80M
Total Cash (Recent Filing)$5.30M
Total Debt (Recent Filing)$9.65M
Price to Earnings (P/E)―
Beta2.21
Next Earnings
Nov 19, 2024EPS Estimate
-$0.83Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-9.33
Shares Outstanding24,362,546
10 Day Avg. Volume7,839,602
30 Day Avg. Volume3,064,858
Standard Deviation0.85
R-Squared0.02
Alpha0.02
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)0.52
Price to Sales (P/S)3.17
Price to Cash Flow (P/CF)-0.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.62
Enterprise Value/Gross Profit-1.38
Enterprise Value/Ebitda-0.31
Forecast
1Y Price Target
$0.75Price Target Upside-38.52% Downside
Rating ConsensusHold
Number of Analyst Covering3
Workhorse Group News
Bulls Say, Bears Say
Bulls Say
Cost ManagementDivestiture of the aero business is expected to result in $50.4mn of monthly cost savings.
Environmental SustainabilitySuccessfully operating FedEx's last-mile delivery hub with 13 EVs and demonstrated lower TCO than ICE counterparts.
Market ExpansionThe company has been proactive in securing new product orders—68 W56 step vans and 141 W4 CC chassis—suggesting continuing market interest in their offerings.
Bears Say
Cost ChallengesCosts of sales rose significantly driven by high inventory reversal costs, higher depreciation, and elevated employee compensation related to vehicle production.
Liquidity ConcernsLiquidity of ~$5mn ending 2Q24 raises concerns about continued dilution and the ability to reach commercial scale.
Revenue ForecastThe 2024 revenue estimate is adjusted to ~$4.5M from ~$18M, indicating a significant decrease.
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Ownership Overview
25.57% Insiders
5.92% Mutual Funds
0.85% Other Institutional Investors
64.82% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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WKHS FAQ
What was Workhorse Group’s price range in the past 12 months?
Workhorse Group lowest stock price was $0.57 and its highest was $8.79 in the past 12 months.
What is Workhorse Group’s market cap?
Currently, no data Available
When is Workhorse Group’s upcoming earnings report date?
Workhorse Group’s upcoming earnings report date is Nov 19, 2024 which is 34 days ago.
How were Workhorse Group’s earnings last quarter?
Workhorse Group released its earnings results on Aug 20, 2024. The company reported -$1.4 earnings per share for the quarter, beating the consensus estimate of -$1.442 by $0.042.
Is Workhorse Group overvalued?
According to Wall Street analysts Workhorse Group’s price is currently Overvalued.
Does Workhorse Group pay dividends?
Workhorse Group does not currently pay dividends.
What is Workhorse Group’s EPS estimate?
Workhorse Group’s EPS estimate is -$0.83.
How many shares outstanding does Workhorse Group have?
Workhorse Group has 24,362,547 shares outstanding.
What happened to Workhorse Group’s price movement after its last earnings report?
Workhorse Group reported an EPS of -$1.4 in its last earnings report, beating expectations of -$1.442. Following the earnings report the stock price went down -21.311%.
Which hedge fund is a major shareholder of Workhorse Group?
Among the largest hedge funds holding Workhorse Group’s share is Fisher Asset Management LLC. It holds Workhorse Group’s shares valued at N/A.
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Workhorse Group Stock Smart Score
Unlock Smart Score
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10
Analyst Consensus
Hold
Average Price Target:
$0.75 (-38.52% Downside)
$0.75 (-38.52% Downside)
Blogger Sentiment
Bullish
WKHS Sentiment 80%
Sector Average 65%
Sector Average 65%
Hedge Fund Trend
Decreased
By 3.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Positive
Last 7 Days ▲ 0.3%
Last 30 Days ▲ 1.9%
Last 30 Days ▲ 1.9%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-83.97%
12-Months-Change
Fundamentals
Return on Equity
-158.26%
Trailing 12-Months
Asset Growth
-40.44%
Trailing 12-Months
Company Description
Workhorse Group
Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft. It develops cloud-based, real-time telematics performance monitoring systems. The firm operates in two divisions, Automotive and Aviation. The Automotive division operates as a original equipment manufacturer of class 3-6 commercial-grade, medium-duty truck chassis, marketed under the Workhorse brand. The Aviation division offers delivery drones and SureFly multicopter. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.
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WKHS Company Deck
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WKHS Earnings Call
Q2 2024
0:00 / 0:00
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WKHS Stock 12 Month Forecast
Average Price Target
$0.75
▼(-38.52% Downside)
Technical Analysis
Best Analysts Covering WKHS
1 Year
1 Year Success Rate
1/12 ratings generated profit
1 Year Average Return
-55.61%
downgraded a sell rating 10 months ago
Copying Jaime Perez's trades and holding each position for 1 Year would result in 8.33% of your transactions generating a profit, with an average return of -55.61% per trade.
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