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Saturday, December 2, 2023

Is Workhorse Group Inc (NASDAQ: WKHS) The Best Stock To Invest In?

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 $0.0025, or 0.60%, to $0.4196. The Workhorse Group Inc has recorded 62,809 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Workhorse Group Sets Third Quarter 2023 Earnings Call for Tuesday, November 7, 2023 at 10:00 a.m. ET.

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Stocks Info

The company is listed on the NASDAQ and operates within the Auto Manufacturers industry segment. At the end of the last regular session, the stock closed at $0.42 and fluctuated between $0.4249 as its day high and $0.4051 as its day low. The current market capitalization of Workhorse Group Inc is $87.92M. A total of 2.63 million shares were traded on the day, compared to an average of 10.40M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, WKHS has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 46,031 shares. Over the last 12 months, there were 26 BUYs and 30 SELLs from insiders. Insiders purchased 3,358,361 shares during that period but sold 469,164.

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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for WKHS in the last 3 months, the mean price target is $2.33 with high estimates of $4.00 and low estimates of $1.00. In terms of 52-week highs and lows, WKHS has a high of $2.98 and a low of $0.38.

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 5 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.15. The company reported an EPS of -$0.15 in the last quarter, which was 16.70% higher than expectations of -$0.18.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. WKHS’s latest balance sheet shows that the firm has $201.65M in Cash & Short Term Investments as of fiscal 2021. There were $26.26M in debt and $27.55M in liabilities at the time. Its Book Value Per Share was $0.52, while its Total Shareholder’s Equity was $174.69M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 3.50.

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