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The price of Workhorse Group Inc (NASDAQ: WKHS) closed at $1.18 in the last session, up 3.51% from day before closing price of $1.14. In other words, the price has increased by $3.51 from its previous closing price. On the day, 0.86 million shares were traded. WKHS stock price reached its highest trading level at $1.2 during the session, while it also had its lowest trading level at $1.12.
Ratios:
We take a closer look at WKHS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 1.59. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, ROTH Capital on August 09, 2022, Downgraded its rating to Neutral and sets its target price to $3.50 from $7 previously.
On March 03, 2022, R. F. Lafferty Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $4 to $6.
ROTH Capital Upgraded its Neutral to Buy on March 02, 2022, while the target price for the stock was maintained at $7.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WKHS now has a Market Capitalization of 22138570 and an Enterprise Value of 31748342. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 0.29. Its current Enterprise Value per Revenue stands at 2.492 whereas that against EBITDA is -0.327.
Stock Price History:
Over the past 52 weeks, WKHS has reached a high of $332.00, while it has fallen to a 52-week low of $1.06. The 50-Day Moving Average of the stock is -90.34%, while the 200-Day Moving Average is calculated to be -98.68%.
Shares Statistics:
According to the various share statistics, WKHS traded on average about 923.32K shares per day over the past 3-months and 818560 shares per day over the past 10 days. A total of 18.76M shares are outstanding, with a floating share count of 17.75M. Insiders hold about 5.38% of the company’s shares, while institutions hold 12.97% stake in the company. Shares short for WKHS as of 1722384000 were 3219394 with a Short Ratio of 3.49, compared to 1719532800 on 3227073. Therefore, it implies a Short% of Shares Outstanding of 3219394 and a Short% of Float of 17.43.
