Where can I buy Workhorse Group stock?
Shares of WKHS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Workhorse Group's stock price today?
What is workhorse known for?
It operates as an original equipment manufacturer, which designs and builds battery-electric vehicles including trucks and aircraft. The firm also creates all-electric delivery trucks and drone systems. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH. Will Workhorse Stock Recover in 2022?
Why is Workhorse Group being investigated?
Electric van-maker Workhorse Group said on Monday it was being investigated by the U.S. Department of Justice and the U.S. Securities and Exchange Commission related to trading in the company's securities leading up to the award of a U.S. Postal Service (USPS) contract.
What happened to workhorse trucks?
In the years 2020 and 2021, the company delivered some of these trucks, but it fell well short of its delivery targets. The troubles didn't stop there. Workhorse lost a potential order from the U.S. Postal Service.
Is Workhorse a good stock to invest in?
At the moment, the volatility of this stock has painted the picture of Workhorse Group as a very high-risk stock investment due to the pivot sell point which began on March 24, 2022. So far, the daily average volatility level of this stock has been slightly over seven percent.
Will Workhorse stock go up?
Struggling electric vehicle (EV) maker Workhorse Group (WKHS) has seen its stock price rise 42% over the last week and today (22 March) is priced at $4.43. Sentiment has turned towards tech stocks with the Nasdaq Composite rising 8% in that time....Workhorse stock news.Long position overnight fee-0.0225%Spread0.472 more rows•Mar 22, 2022
Can a Workhorse recover?
Workhorse's agreement with Canada's GreenPower is achievable since the company's working capital at the end of 2021 was $188.6 million from $216.2 million in current assets and $27.6 million. Workhorse is still hemorrhaging money. It is yet to recover from the costly recall of 41 vehicles issued in 2021.
How much will Workhorse stock be worth?
Average Price Target Based on 4 Wall Street analysts offering 12 month price targets for Workhorse Group in the last 3 months. The average price target is $6.25 with a high forecast of $11.00 and a low forecast of $3.00. The average price target represents a 125.63% change from the last price of $2.77.
Did Workhorse get the USPS contract?
EV startup Workhorse has filed an official protest after losing the bid to make the United States Postal Service's next-generation mail vehicle in February, a contract that could ultimately be worth some $6 billion. The USPS instead gave that contract to defense contractor Oshkosh.
What is the future of Tilray stock?
The average one-year Tilray share price forecast is $10.31 a potential upside of 28%. The high price target is set at $23, while the low is at $6. According to the algorithm-based forecasting website WalletInvestor on 6 April, the stock could continue to decline and in 12 months' time fall to $5.3.
Should I sell my Workhorse stock?
7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Workhorse Group stock.
Is Workhorse owned by GM?
History. Workhorse Custom Chassis, LLC was founded in 1998 by investors who took over the production of General Motors' P30/P32 series stepvan and motorhome chassis. By 2005, they were taken over by Navistar International, which had been selling them diesel engines.
Whats going on with Workhorse?
Workhorse is surely facing several challenges. Falling behind on its delivery plans, losing a key order from the U.S. Postal Service, a change in management, issues with delivered vehicles resulting in a recall -- the list of Workhorse's troubles is long. What's more, Workhorse isn't new to these challenges.
Is WKHS undervalued?
Workhorse Grp maintains a prevalent Real Value of $4.18 per share. The last-minute price of the company is $2.79. Based on Macroaxis valuation methodology, the company appears to be undervalued....USD 2.79 0.15 5.10%LowNext ValueHigh0.062.949.55
Will Riot stock go up?
Riot Blockchain Inc (NASDAQ:RIOT) The 9 analysts offering 12-month price forecasts for Riot Blockchain Inc have a median target of 20.00, with a high estimate of 42.00 and a low estimate of 15.00. The median estimate represents a +329.18% increase from the last price of 4.66.
Should I buy or sell Workhorse Group stock right now?
7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last twelve months. There are cur...
What is Workhorse Group's stock price forecast for 2022?
7 brokers have issued 1-year price objectives for Workhorse Group's stock. Their forecasts range from $3.00 to $7.50. On average, they predict Work...
How has Workhorse Group's stock performed in 2022?
Workhorse Group's stock was trading at $4.36 on January 1st, 2022. Since then, WKHS stock has decreased by 36.0% and is now trading at $2.79. View...
When is Workhorse Group's next earnings date?
Workhorse Group is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022. View our earnings forecast for Workho...
How were Workhorse Group's earnings last quarter?
Workhorse Group Inc. (NASDAQ:WKHS) issued its quarterly earnings data on Tuesday, May, 10th. The company reported ($0.15) earnings per share for th...
What guidance has Workhorse Group issued on next quarter's earnings?
Workhorse Group issued an update on its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided EPS guidance of for the period. The c...
Who are Workhorse Group's key executives?
Workhorse Group's management team includes the following people: Mr. Richard F. Dauch , Pres, CEO & Director (Age 61, Pay $2.36M) Mr. Gregory T....
What is Steve Burns' approval rating as Workhorse Group's CEO?
1 employees have rated Workhorse Group CEO Steve Burns on Glassdoor.com . Steve Burns has an approval rating of 100% among Workhorse Group's emplo...
Who are some of Workhorse Group's key competitors?
Some companies that are related to Workhorse Group include Proterra (PTRA) , Lion Electric (LEV) , Faraday Future Intelligent Electric (FFIE) ,...
Summary
WKHS stock has slid to an 18-month low - and the decline seems well-deserved.
Workhorse Stock in 2021
Simply put, 2021 was a disaster for Workhorse. Most notably, in February Workhorse lost out on a major contract for the United States Postal Service, with USPS going with Oshkosh ( OSK) instead.
The Vicious Cycle
Perhaps the biggest problem for the Workhorse stock price at the moment is precisely the Workhorse stock price. Both financially and operationally, the long decline, in and of itself, can create further downward pressure.
Workhorse Stock Forecast For 2022
The need for capital looks like the biggest challenge facing Dauch and his team this year. Selling equity seems like the only path. The convertible debt raised last year was issued when WKHS traded above $20, not below $4, and even that debt was sold to a fund founded by investors with experience with distressed assets.
Is WKHS Stock A Buy, Sell, or Hold?
To be fair, Dauch does have at least a chance to change the minds of investors this year. As I wrote at the beginning of October, the new CEO is perhaps the biggest reason to even consider owning WKHS stock.
NASDAQ: WKHS
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Why Workhorse stock is falling
Workhorse is surely facing several challenges. Falling behind on its delivery plans, losing a key order from the U.S. Postal Service, a change in management, issues with delivered vehicles resulting in a recall -- the list of Workhorse's troubles is long. What's more, Workhorse isn't new to these challenges.
What may work for Workhorse
Two things can work in Workhorse's favor. First, the company's new CEO, Rick Dauch, has more than 25 years of auto sector experience. He is trying to overhaul the company's operations and is working with all the stakeholders in a systematic manner.
What may not work for Workhorse
On the flip side, Workhorse doesn't expect to have something in the market before 2023. Competition in the segment is already heating up. General Motors ' ( GM -0.83% ) BrightDrop already delivered its first electric delivery vans to FedEx in December.
Is Workhorse stock a buy?
Workhorse's management is trying to drive the company in the right direction. However, intense competition in the electric commercial vehicles segment may restrict Workhorse's growth. There is no announced model in production right now, and we don't know if any future model will be able to meet the required safety and regulatory standards.
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About Workhorse Group
Workhorse Group, Inc. is a technology company, which engages in the provision of sustainable solutions to the commercial transportation sector. It operates as an original equipment manufacturer, which designs and builds battery-electric vehicles including trucks and aircraft. The firm also creates all-electric delivery trucks and drone systems.
Workhorse Group (NASDAQ:WKHS) Frequently Asked Questions
6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Workhorse Group stock.
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