Workhorse Group Inc (WKHS) Stock Review


Originally founded as AMP Electric Vehicles, Workhorse Group Inc has become a technology company that specializes in telematics software, drones, electric delivery vans, and original equipment manufacturing (OEM) of electrical and electronic products. Its headquarters is located in Cincinnati, Ohio, U.S.

Recent earnings

During the past three months, Workhorse Group Inc. (WKHS) has shown up on the radars of a number of investors. The company is a US original equipment manufacturer of high-performance battery electric vehicles for the last-mile delivery sector. A recent press release states that the company plans to release financial results for the three-month period that ended September 30, 2020. The company also announced a conference call for investors at 10:00 AM Eastern on the same day.

While WKHS stock has been slogging along in the low single digits, the company has logged a notable uptick on the day after its earnings announcement. The stock has moved -32.3% lower since the IPO. On the plus side, the company’s newest product, the F-Horse, is making headway in the market. The company’s latest innovation, the F-Horse, aims to improve the efficiency of fuel delivery in the industry. During the past fiscal year, the company has recorded a net income of -$0.18 billion.

Forecasted earnings

Despite being an American technology company, Workhorse Group Inc., or WKHS as it is known to many, is no stranger to the stock market. The company is focused on sustainable and cost-effective drilling solutions and offers a variety of products and services ranging from horizontal drilling technologies to water management. The company’s most recent earnings release showed its EPS to be in the neighborhood of -$1.63; however, that number is expected to rise over the course of the next year.

Earlier this week, the company released its latest fiscal quarter results and announced a major upgrade to its portfolio of drilling equipment. Among other things, the company’s most impressive upgrades include the launch of its newest rotary-head model, which is capable of drilling larger wells than its predecessor. In addition, the company’s new rigs are expected to reduce drilling time, costs, and energy usage, and help improve production. A conference call for investors was also held on the same day.

Real-time prices

Using WKHS stock real-time prices, you can find the latest stock news, stock information, and financial news about Workhorse Group Inc. This company manufactures electric delivery trucks. It also offers a range-extended medium-duty delivery truck and a custom-designed all-electric drone.

The company is headquartered in Cincinnati, Ohio. It is focused on pioneering the transition to zero. It is a vertically integrated sustainable energy company, offering telematics software and a HorseFly Unmanned Aerial System. The company has a market capitalization of $448 million. Its products include electric delivery trucks, telematics software, and HorseFly Unmanned Aerial Systems.

As of June 30, 2017, the stock is trading at $133. It has been trending very strongly. It is a dividend-paying stock. It has low volatility compared to the S&P 500. It has a beta of 0.00. It is one of the fastest-growing small-cap stocks. It has an initial stop loss of 8 percent.

WKHS is in a breakout from a descending triangle. This makes the overall short trade quality favorable. It has a neutral long-short ratio. Its fifty-day moving average is $2. It has a long-term average of $5.

GuruFocus members

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There are certain characteristics that GuruFocus uses to determine whether a company is overvalued or undervalued. These factors include the company’s growth and past returns, as well as its projected future performance. A stock price that is significantly above the GF Value Line is overvalued. On the other hand, a stock that is below the GF Value Line is undervalued. The GF Value Line is a mathematical formula that helps to determine if a stock is overvalued or undervalued.