There is no way Workhorse Group Inc (WKHS) can keep these numbers up

With 1.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.13 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.73 whereas the lowest price it dropped to was $0.6911. The 52-week range on WKHS shows that it touched its highest point at $199.44 and its lowest point at $0.57 during that stretch. It currently has a 1-year price target of $0.67. Beta for the stock currently stands at 2.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WKHS was down-trending over the past week, with a drop of -5.03%, but this was down by -5.01% over a month. Three-month performance dropped to -51.54% while six-month performance fell -99.15%. The stock lost -99.56% in the past year, while it has lost -99.51% so far this year. A look at the trailing 12-month EPS for WKHS yields -9.33 with Next year EPS estimates of -1.79. For the next quarter, that number is -0.83. This implies an EPS growth rate of 66.35% for this year and 55.55% for next year.

Float and Shares Shorts:

At present, 24.36 million WKHS shares are outstanding with a float of 23.35 million shares on hand for trading. On 2024-09-13, short shares totaled 5.3 million, which was 2174.0 higher than short shares on 1723680000. In addition to Mr. Richard F. Dauch as the firm’s President, CEO & Director, Mr. Robert M. Ginnan serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.234 of WKHS’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, WKHS reported revenue of $842440.0 and operating income of -$20518240.0. The EBITDA in the recently reported quarter was -$17816652.0 and diluted EPS was -$1.4.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WKHS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.