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The closing price of Workhorse Group Inc (NASDAQ: WKHS) was $2.09 for the day, up 0.48% from the previous closing price of $2.08. In other words, the price has increased by $0.48 from its previous closing price. On the day, 4.15 million shares were traded. WKHS stock price reached its highest trading level at $2.195 during the session, while it also had its lowest trading level at $1.87.
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 0.38 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 39306000 and an Enterprise Value of 48821268. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.08 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 3.832 whereas that against EBITDA is -0.502.
Stock Price History:
The Beta on a monthly basis for WKHS is 2.55, which has changed by -0.91434425 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, WKHS has reached a high of $544.00, while it has fallen to a 52-week low of $1.28. The 50-Day Moving Average of the stock is -95.59%, while the 200-Day Moving Average is calculated to be -98.06%.
Shares Statistics:
WKHS traded an average of 535.26K shares per day over the past three months and 2058480 shares per day over the past ten 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 14.39% stake in the company. Shares short for WKHS as of 1719532800 were 3227073 with a Short Ratio of 6.03, compared to 1717113600 on 2653667. Therefore, it implies a Short% of Shares Outstanding of 3227073 and a Short% of Float of 17.469999.
