Workhorse Group, Inc. (NASDAQ:WKHS – Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.40 and traded as low as $2.83. Workhorse Group shares last traded at $3.07, with a volume of 152,728 shares changing hands.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Workhorse Group from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. Wall Street Zen downgraded shares of Workhorse Group from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Workhorse Group has an average rating of “Sell”.
View Our Latest Research Report on Workhorse Group
Workhorse Group Stock Performance
Workhorse Group (NASDAQ:WKHS – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($1.99) earnings per share for the quarter, missing the consensus estimate of ($1.47) by ($0.52). Workhorse Group had a negative net margin of 299.18% and a negative return on equity of 255.45%. The company had revenue of $4.33 million for the quarter, compared to the consensus estimate of $8.52 million. Equities research analysts expect that Workhorse Group, Inc. will post -5.25 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Workhorse Group
An institutional investor recently raised its stake in Workhorse Group stock. Geode Capital Management LLC raised its position in Workhorse Group, Inc. (NASDAQ:WKHS – Free Report) by 32.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the quarter. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 as of its most recent SEC filing. 15.98% of the stock is currently owned by institutional investors.
Workhorse Group Company Profile
Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.
The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.
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