Workhorse Group Inc. (WKHS): With A Buy, You’re In For A Rollercoaster Ride

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Oppenheimer raised the price target for the Workhorse Group Inc. (NASDAQ:WKHS) stock from “an Outperform” to “a Perform”. The rating was released on February 24, 2021. We previously noted in another research note published on December 10, 2020 by Wolfe Research that initiated the stock to a Peer perform for WKHS stock. The research report from R. F. Lafferty has initiated the stock to Buy. The stock was downgraded by ROTH Capital, who disclosed in a research note on October 13, 2020, from Buy to Neutral and set the price objective to $27. In their research brief published September 03, 2020, Oppenheimer analysts initiated the Workhorse Group Inc. stock to Outperform with a price target of $23.

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Historical Earnings Surprises and Revenue Forecasts

Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of $3.22 during the last quarter as opposed to a consensus estimate of -$0.13, which indicates the company beat its estimate by $3.35, which implies that the company surprised the market by 2,576.90%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$0.17. This is an average of 5 analysts’ earnings, where the high earnings per share estimate is -$0.1 and the low earnings per share estimate is -$0.31. According to 4 analyst estimates, an average revenue estimate of $2.71M is projected for the current quarter with a high revenue estimate of $4.8M and a low estimate of $820k.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Workhorse Group Inc. (NASDAQ:WKHS) dipped -9.15% to close Wednesday’s market session at $13.21, lower as compared to yesterday’s close. The stock price fluctuated between $13.16 and $14.7328 throughout the trading session with the volume trading being 12063221 shares, which represented a significant variation when compared to the three months average volume of 21.46 million shares. The firm’s stock price fluctuated -21.97% within the last five trades and -19.77% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -50.91% in the last 6 months and -36.06% was subtracted to its value over the previous 3 months. WKHS stock is trading at a margin of -17.96%, -47.56% and -35.55% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

As of the close of trading, WKHS deals in the Consumer Cyclical domain. The stock is trading -69.25 percent below its 52-week high and 741.40 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 44.42. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Workhorse Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $1.56 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The stock has achieved an effective Price-to-Sales Ratio of 1113.32 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 4.03, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.80 percent of Workhorse Group Inc. shares are owned by insiders, and 38.60 percent are held by financial institutions. Chess Raymond Joseph, the Director at Workhorse Group Inc. (WKHS) has sold 5,000 shares of firm on Mar 15 at a price of $16.67 against the total amount of $83350.0. In another inside trade, DeMott Harry, Director of Workhorse Group Inc. (NASDAQ:WKHS) sold 4,000 shares of the firm on Mar 15 for a total worth of $66680.0 at a price of $16.67. An inside trade which took place on Feb 16, Director of Workhorse Group Inc. Chess Raymond Joseph sold 5,000 shares of firm against total price of $0.18 million at the cost of $35.98 per share.

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