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Wednesday, February 1, 2023

Investors’ Patience Is Being Tested Right Now By Workhorse Group Inc. (NASDAQ: WKHS)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Workhorse Group Inc. (WKHS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 2.47%, to $1.66. The Workhorse Group Inc. has recorded 19,796 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Workhorse Group Provides Business Update.

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Stocks Info

Workhorse Group Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Auto Manufacturers industry. At the end of the last regular session, the stock closed at $1.62 and fluctuated between $1.6800 as its day high and $1.5700 as its day low. The current market capitalization of Workhorse Group Inc. is $262.39M. A total of 2.52 million shares were traded on the day, compared to an average of 3.82M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, WKHS has seen 5 BUY and 5 SELL insider trades, representing the acquisition of 152,015 and the disposition of 90,010 shares. Over the last 12 months, there were 31 BUYs and 17 SELLs from insiders. Insiders purchased 2,520,516 shares during that period but sold 206,993.

In the most recent transaction, March Stanley Raymond bought 24,000 shares of WKHS for 1.88 per share on Dec 14. After the transaction, the VP, Business Development now owns 67,000 company shares. In a previous transaction on Dec 13, March Stanley Raymond bought 1,000 shares at 1.90 per share. WKHS shares that VP, Business Development owns now total 43,000.

Among the insiders who sold shares, CLARK MICHAEL L. disposed of 39,823 shares on Dec 12 at a per-share price of $1.85. This resulted in the Director holding 91,501 shares of WKHS after the transaction. In another insider transaction, DEDO JACQUELINE A bought 52,015 shares at $1.92 per share on Dec 09. Company shares held by the Director now total 100,923.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for WKHS in the last 3 months, the mean price target is $4.50 with high estimates of $8.00 and low estimates of $2.00. In terms of 52-week highs and lows, WKHS has a high of $5.39 and a low of $1.40.

As of this writing, WKHS has an earnings estimate of -$0.12 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.14. The company reported an EPS of -$0.15 in the last quarter, which was -25.00% lower than expectations of -$0.12.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WKHS is Overweight with a score of 3.40. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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