Posted on February 11, 2022
Workhorse Group Inc Shares Fall 0.0% Below Previous 52-Week Reduced – Market Mover
WKHS shares closed 0.0% lower than its previous 52 week low, giving the firm a market cap of $570M. The stock is presently down 16.1% year-to-date, down 84.3% over the past 12 months, as well as down 30.9% over the past five years. This week, the Dow Jones Industrial Average dropped 0.5%, as well as the S&P 500 dropped 0.2%.
– Trading volume this week was 16.9% less than the 20-day average.
– Beta, a measure of the stock’s volatility about the overall market stands at 0.3.
– The Loved One Strength Index (RSI) on the stock was under 30, suggesting it may be underbought.
– MACD, a trend-following energy indication, shows a downward trend.
– The stock shut above its Bollinger band, suggesting it might be overbought.
Market Comparative Efficiency
– The firm’s share rate is the same as the S&P 500 Index, lags it on a 1-year basis, and also lags it on a 5-year basis
– The business’s share price is the same as the Dow Jones Industrial Standard, lags it on a 1-year basis, as well as delays it on a 5-year basis
– The business share cost coincides as the efficiency of its peers in the Industrials industry market, lags it on a 1-year basis, as well as delays it on a 5 year basis
Per Group Relative Performance
– The business’s stock price efficiency year-to-date lags the peer typical by -254.1%.
– The firm’s stock cost efficiency over the past 12 months delays the peer ordinary by -2311.9%.
Workhorse Group Inc. (NASDAQ: WKHS) Shares Sold by New York City State Common Retired Life Fund.
New York State Common Retired life Fund lowered its position in shares of Workhorse Group Inc. (NASDAQ: WKHS) by 29.2% in the third quarter, according to the firm in its most recent Type 13F filing with the Securities and Exchange Compensation. The institutional financier owned 75,563 shares of the business’s stock after marketing 31,122 shares during the period. New York City State Common Retirement Fund possessed 0.06% of Workhorse Group worth $578,000 at the end of the most current quarter.
A number of other hedge funds have additionally lately customized their holdings of the stock. BlackRock Inc. grew its stake in shares of Workhorse Group by 16.5% throughout the 2nd quarter. BlackRock Inc. currently possesses 8,681,728 shares of the business’s stock worth $144,030,000 after purchasing an extra 1,229,762 shares in the last quarter. Vanguard Group Inc. expanded its stake in shares of Workhorse Group by 4.2% during the second quarter. Vanguard Group Inc. currently owns 5,514,304 shares of the firm’s stock worth $91,483,000 after purchasing an additional 223,161 shares in the last quarter. First Trust Advisors LP expanded its risk in shares of Workhorse Group by 76.7% throughout the second quarter.
First Trust Advisors LP now possesses 3,468,016 shares of the firm’s stock worth $57,534,000 after buying an extra 1,505,563 shares in the last quarter. State Street Corp expanded its risk in shares of Workhorse Group by 30.4% during the second quarter. State Street Corp currently has 3,064,706 shares of the company’s stock worth $50,843,000 after buying an additional 714,188 shares in the last quarter. Ultimately, Geode Capital Administration LLC grew its risk in shares of Workhorse Group by 21.3% throughout the second quarter. Geode Capital Management LLC currently has 2,076,971 shares of the company’s stock worth $34,456,000 after purchasing an extra 364,726 shares in the last quarter. Hedge funds and various other institutional investors own 35.21% of the business’s stock.
A number of equities analysts have actually provided reports on WKHS shares. Cowen reduced their cost goal on shares of Workhorse Group from $8.50 to $7.50 and also set a “market do” rating for the firm in a research note on Wednesday, September 22nd. DA Davidson lowered their price purpose on shares of Workhorse Group from $10.00 to $7.50 as well as established a “neutral” ranking for the business in a study note on Thursday, September 23rd. Finally, Zacks Financial investment Research reduced shares of Workhorse Group from a “acquire” rating to a “hold” ranking in a study note on Thursday, November 11th. Six investment analysts have rated the stock with a hold score as well as one has actually assigned a buy ranking to the firm. Based on information from MarketBeat, Workhorse Group presently has a typical ranking of “Hold” as well as an agreement target cost of $9.00.
Shares of WKHS opened at $3.66 on Wednesday. Workhorse Group Inc. has a fifty-two week low of $3.65 and also a fifty-two week high of $42.96. The company has a market capitalization of $570.91 million, a price-to-earnings ratio of 3.45 and a beta of 2.48. The firm has a 50-day straightforward relocating average of $5.21 as well as a 200-day basic relocating standard of $7.65. The firm has a debt-to-equity proportion of 0.18, a quick ratio of 1.52 and also an existing proportion of 1.87.
Workhorse Group (NASDAQ: WKHS) last introduced its earnings outcomes on Tuesday, November 9th. The firm reported ($ 0.77) earnings per share for the quarter, missing out on the agreement price quote of ($ 0.19) by ($ 0.58). Workhorse Group had an adverse return on equity of 84.79% and also an internet margin of 1,095.71%. The business had income of ($ 0.58) million for the quarter, compared to analyst price quotes of $1.03 million. Throughout the very same quarter in 2015, the firm posted ($ 0.78) EPS. Equities research experts forecast that Workhorse Group Inc. will certainly post -2.13 EPS for the current year.
Workhorse Group Business Account.
Workhorse Group, Inc is an innovation company, which takes part in the arrangement of sustainable solutions to the industrial transportation industry. It runs as an original equipment producer, which develops and constructs battery-electric vehicles consisting of trucks as well as aircraft. The company additionally develops all-electric delivery trucks and also drone systems.