After finishing at $0.21 in the prior trading day, Workhorse Group Inc (NASDAQ: WKHS) closed at $0.21, down -0.33%. In other words, the price has decreased by -$0.0007 from its previous closing price. On the day, 11258974 shares were traded.
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 0.91 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 66.36M and an Enterprise Value of 69.53M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.11 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at 5.31 whereas that against EBITDA is -0.63.
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 $0.20. The 50-Day Moving Average of the stock is 0.2719, while the 200-Day Moving Average is calculated to be 0.5299.
Shares Statistics:
The stock has traded on average 9.26M shares per day over the past 3-months and 17.01M shares per day over the last 10 days, according to various share statistics. A total of 314.83M shares are outstanding, with a floating share count of 290.06M. Insiders hold about 7.87% of the company’s shares, while institutions hold 16.17% stake in the company. Shares short for WKHS as of Mar 15, 2024 were 52.37M with a Short Ratio of 5.65, compared to 49.75M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.82% and a Short% of Float of 17.17%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. 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 analysts recommending between -$0.15 and -$0.47.
Revenue Estimates
3 analysts predict $4.13M in revenue for the current quarter. 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 $1.69M, an estimated increase of 143.90% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $4.69M, an increase of 18.30% less than the figure of $143.90% in the same quarter last year. 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 $13.1M, up 210.30% from the average estimate. Based 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. The average revenue growth estimate for next year is up 116.90% from the average revenue estimate for this year.
