Ratios Revealed: Decoding Workhorse Group Inc (WKHS)’s Financial Health

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The closing price of Workhorse Group Inc (NASDAQ: WKHS) was $0.18 for the day, up 0.33% from the previous closing price of $0.18. In other words, the price has increased by $0.33 from its previous closing price. On the day, 10.26 million shares were traded. WKHS stock price reached its highest trading level at $0.2 during the session, while it also had its lowest trading level at $0.1725.


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 0.38 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 67541224 and an Enterprise Value of 77151072. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.30 while its Price-to-Book (P/B) ratio in mrq is 0.88. Its current Enterprise Value per Revenue stands at 6.056 whereas that against EBITDA is -0.794.

Stock Price History:

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 -7.36%, while the 200-Day Moving Average is calculated to be -48.39%.

Shares Statistics:

WKHS traded an average of 15.92M shares per day over the past three months and 10746380 shares per day over the past ten days. A total of 375.23M shares are outstanding, with a floating share count of 351.15M. Insiders hold about 6.42% of the company’s shares, while institutions hold 14.64% stake in the company. Shares short for WKHS as of 1715731200 were 56693039 with a Short Ratio of 3.56, compared to 1713139200 on 60029965. Therefore, it implies a Short% of Shares Outstanding of 56693039 and a Short% of Float of 15.340000000000002.

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