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The closing price of Workhorse Group Inc (NASDAQ: WKHS) was $0.16 for the day, down -2.44% from the previous closing price of $0.16. In other words, the price has decreased by -$2.44 from its previous closing price. On the day, 21.1 million shares were traded. WKHS stock price reached its highest trading level at $0.1715 during the session, while it also had its lowest trading level at $0.1565.
Ratios:
Our analysis of WKHS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 and its Current Ratio is at 1.76. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.06.
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 50336960 and an Enterprise Value of 53548132. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.85 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 4.089 whereas that against EBITDA is -0.534.
Stock Price History:
The Beta on a monthly basis for WKHS is 2.94, which has changed by -0.8423077 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, WKHS has reached a high of $1.36, while it has fallen to a 52-week low of $0.15. The 50-Day Moving Average of the stock is -30.75%, while the 200-Day Moving Average is calculated to be -64.44%.
Shares Statistics:
WKHS traded an average of 13.27M shares per day over the past three months and 16570660 shares per day over the past ten days. A total of 314.83M shares are outstanding, with a floating share count of 294.31M. Insiders hold about 6.52% of the company’s shares, while institutions hold 16.29% stake in the company. Shares short for WKHS as of 1713139200 were 60029965 with a Short Ratio of 4.52, compared to 1710460800 on 52368787. Therefore, it implies a Short% of Shares Outstanding of 60029965 and a Short% of Float of 19.440001000000002.
Earnings Estimates
The stock of Workhorse Group Inc (WKHS) is currently being evaluated by 4.0 analysts who are actively contributing to its market rating.On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.12, while EPS last year was -$0.15. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.05 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.22 and -$0.45 for the fiscal current year, implying an average EPS of -$0.35. EPS for the following year is -$0.26, with 4.0 analysts recommending between -$0.15 and -$0.47.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $4.8M to a low estimate of $3M. As of the current estimate, Workhorse Group Inc’s year-ago sales were $1.69MFor the next quarter, 3 analysts are estimating revenue of $4.69M. There is a high estimate of $4.98M for the next quarter, whereas the lowest estimate is $4.5M.
A total of 3 analysts have provided revenue estimates for WKHS’s current fiscal year. The highest revenue estimate was $65M, while the lowest revenue estimate was $27.2M, resulting in an average revenue estimate of $40.64M. In the same quarter a year ago, actual revenue was $13.1MBased on 4 analysts’ estimates, the company’s revenue will be $88.13M in the next fiscal year. The high estimate is $140.91M and the low estimate is $35.5M.
