Workhorse Group Inc (NASDAQ: WKHS) Loses -83.12% From High. Why That Could Change?

Currently, there are 314.83M common shares owned by the public and among those 290.06M shares have been available to trade.

The company’s stock has a 5-day price change of 5.77% and -37.71% over the past three months. WKHS shares are trading -34.83% year to date (YTD), with the 12-month market performance down to -81.23% lower. It has a 12-month low price of $0.20 and touched a high of $1.39 over the same period. WKHS has an average intraday trading volume of 9.07 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.98%, -15.68%, and -56.94% respectively.

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Institutional ownership of Workhorse Group Inc (NASDAQ: WKHS) shares accounts for 16.16% of the company’s 314.83M shares outstanding.

It has a market capitalization of $73.86M and a beta (3y monthly) value of 2.46. The earnings-per-share (ttm) stands at -$0.57. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.74% over the week and 9.18% over the month.

Analysts forecast that Workhorse Group Inc (WKHS) will achieve an EPS of -$0.09 for the current quarter, -$0.08 for the next quarter and -$0.19 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.12 while analysts give the company a high EPS estimate of -$0.06. Comparatively, EPS for the current quarter was -$0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 47.17%, and 40.59% over the next financial year.

Looking at the support for the WKHS, a number of firms have released research notes about the stock. ROTH Capital stated their Neutral rating for the stock in a research note on August 09, 2022, with the firm’s price target at $7-$3.50. R. F. Lafferty coverage for the Workhorse Group Inc (WKHS) stock in a research note released on March 03, 2022 offered a Buy rating with a price target of $6. ROTH Capital was of a view on March 02, 2022 that the stock is Buy, while R. F. Lafferty gave the stock Hold rating on February 02, 2022, issuing a price target of $4. DA Davidson on their part issued Neutral rating on August 11, 2021.

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