The price of Workhorse Group Inc (NASDAQ: WKHS) closed at $0.31 in the last session, up 1.67% from day before closing price of $0.30. In other words, the price has increased by $+0.0051 from its previous closing price. On the day, 7348176 shares were traded.
Ratios:
We take a closer look at WKHS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.20 and its Current Ratio is at 3.78. In the meantime, Its Debt-to-Equity ratio is 0.08 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 80.04M and an Enterprise Value of 50.40M. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.66 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 4.15 whereas that against EBITDA is -0.53.
Stock Price History:
Over the past 52 weeks, WKHS has reached a high of $1.76, while it has fallen to a 52-week low of $0.23. The 50-Day Moving Average of the stock is 0.3043, while the 200-Day Moving Average is calculated to be 0.5853.
Shares Statistics:
According to the various share statistics, WKHS traded on average about 8.14M shares per day over the past 3-months and 6.88M shares per day over the past 10 days. A total of 260.89M shares are outstanding, with a floating share count of 240.33M. Insiders hold about 7.88% of the company’s shares, while institutions hold 19.50% stake in the company. Shares short for WKHS as of Feb 15, 2024 were 49.75M with a Short Ratio of 6.11, compared to 45.89M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 19.07% and a Short% of Float of 19.55%.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. 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 -$0.24. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.06 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.42 and -$0.53 for the fiscal current year, implying an average EPS of -$0.48. EPS for the following year is -$0.32, with 5 analysts recommending between -$0.2 and -$0.44.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $3.24M. It ranges from a high estimate of $3.52M to a low estimate of $2.9M. As of the current estimate, Workhorse Group Inc’s year-ago sales were $3.45M, an estimated decrease of -6.00% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $5.2M, an increase of 207.10% over than the figure of -$6.00% in the same quarter last year. There is a high estimate of $8.09M for the next quarter, whereas the lowest estimate is $3M.
A total of 4 analysts have provided revenue estimates for WKHS’s current fiscal year. The highest revenue estimate was $12.21M, while the lowest revenue estimate was $11.69M, resulting in an average revenue estimate of $12.02M. In the same quarter a year ago, actual revenue was $5.02M, up 139.30% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $67.55M in the next fiscal year. The high estimate is $90M and the low estimate is $34.9M. The average revenue growth estimate for next year is up 462.00% from the average revenue estimate for this year.
