The stock of Workhorse Group Inc (NASDAQ:WKHS) last traded at $0.23, down -2.29% from the previous session.
WKHS stock price is now 13.18% away from the 50-day moving average and -40.67% away from the 200-day moving average. The market capitalization of the company currently stands at $73.78M.
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With the price target reduced from $7 to $3.50, ROTH Capital Downgraded its rating from Buy to Neutral for Workhorse Group Inc (NASDAQ: WKHS). On March 03, 2022, R. F. Lafferty Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $4 to quote $6, while ‘ROTH Capital’ rates the stock as ‘Buy’
A total of 6.52% of the company’s stock is owned by insiders.
During the past 12 months, Workhorse Group Inc has had a low of $0.15 and a high of $1.36. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 1.76, and a quick ratio of 0.91. The fifty day moving average price for WKHS is $0.20574 and a two-hundred day moving average price translates $0.390085 for the stock.
The latest earnings results from Workhorse Group Inc (NASDAQ: WKHS) was released for 2024-03-31. According to the Auto Manufacturers Company, earnings per share came in at -0.15, beating analysts’ expectations of -0.18 by 0.03. This compares to -$0.24 EPS in the same period last year. The net profit margin was -946.33% and return on equity was -129.29% for WKHS. The company reported revenue of $4.41 million for the quarter, compared to $3.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.82 percent. For the current quarter, analysts expect WKHS to generate $4.13M in revenue.
