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After finishing at $0.76 in the prior trading day, Workhorse Group Inc (NASDAQ: WKHS) closed at $0.73, down -4.55%. In other words, the price has decreased by -$4.55 from its previous closing price. On the day, 2.88 million shares were traded. WKHS stock price reached its highest trading level at $0.75 during the session, while it also had its lowest trading level at $0.6861.
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 31252534 and an Enterprise Value of 42139180. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.28 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 4.382 whereas that against EBITDA is -0.454.
Stock Price History:
The Beta on a monthly basis for WKHS is 2.63, which has changed by -0.878115 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, WKHS has reached a high of $163.60, while it has fallen to a 52-week low of $0.57. The 50-Day Moving Average of the stock is -23.01%, while the 200-Day Moving Average is calculated to be -96.71%.
Shares Statistics:
The stock has traded on average 3.31M shares per day over the past 3-months and 3860010 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 40.06M. Insiders hold about 2.25% of the company’s shares, while institutions hold 4.89% stake in the company. Shares short for WKHS as of 1730332800 were 5979635 with a Short Ratio of 2.45, compared to 1727654400 on 4348847. Therefore, it implies a Short% of Shares Outstanding of 5979635 and a Short% of Float of 24.84.
