Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $0.21 in the prior trading day, Workhorse Group Inc (NASDAQ: WKHS) closed at $0.21, up 0.87%. In other words, the price has increased by $0.87 from its previous closing price. On the day, 5.82 million shares were traded. WKHS stock price reached its highest trading level at $0.217 during the session, while it also had its lowest trading level at $0.1916.
Ratios:
Our goal is to gain a better understanding of WKHS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.29 and its Current Ratio is at 1.16. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.10.
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 682587 and an Enterprise Value of 124250648. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 0.14. Its current Enterprise Value per Revenue stands at 13.657 whereas that against EBITDA is -1.46.
Stock Price History:
The Beta on a monthly basis for WKHS is 2.87, which has changed by -0.9584272 over the last 52 weeks, in comparison to a change of 0.09506309 over the same period for the S&P500. Over the past 52 weeks, WKHS has reached a high of $110.00, while it has fallen to a 52-week low of $0.19. The 50-Day Moving Average of the stock is -61.57%, while the 200-Day Moving Average is calculated to be -96.49%.
Shares Statistics:
The stock has traded on average 3.18M shares per day over the past 3-months and 387138 shares per day over the last 10 days, according to various share statistics. A total of 40.98M shares are outstanding, with a floating share count of 40.11M. Insiders hold about 2.13% of the company’s shares, while institutions hold 6.49% stake in the company. Shares short for WKHS as of 1740700800 were 721340 with a Short Ratio of 2.84, compared to 1738281600 on 741779. Therefore, it implies a Short% of Shares Outstanding of 721340 and a Short% of Float of 22.16.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
