Momentum Is Strong For Workhorse Group Inc (NASDAQ: WKHS)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Workhorse Group Partners with Zeem Solutions to Expand Service and Support Options for Workhorse Customers.

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Stocks Info

This NASDAQ-listed company operates within the Auto Manufacturers industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $0.32 and fluctuated between $0.4090 as its day high and $0.3050 as its day low. The current market capitalization of Workhorse Group Inc is $82.73M. A total of 21.65 million shares were traded on the day, compared to an average of 7.54M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, WKHS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 21 BUYs and 26 SELLs from insiders. Insiders purchased 3,206,346 shares during that period but sold 389,775.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for WKHS in the last 3 months, the mean price target is $0.71 with high estimates of $1.00 and low estimates of $0.35. In terms of 52-week highs and lows, WKHS has a high of $2.14 and a low of $0.23.

As of this writing, WKHS has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.12. The company reported an EPS of -$0.12 in the last quarter, which was 20.00% higher than expectations of -$0.15.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $0.44, while its Total Shareholder’s Equity was $174.69M.

Analysts Opinion

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. 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 3.00.

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