Will Workhorse Group stock grow/rise/go up?
The Workhorse Group stock price is 4.990 USD today. Will Workhorse Group stock price grow / rise / go up? Yes. The WKHS stock price can go up from 4.990 USD to 9.864 USD in one year. Is it profitable to invest in Workhorse Group stock?
Is workhorse stock a buy at $20?
But B. Riley analyst Christopher Souther says not all hope is lost, and today initiated coverage on Workhorse with a buy rating and a $20 per share price target.
How does Workhorse Group (Wyh) stock rank on Wall Street?
According to data compiled by Seeking Alpha, the consensus rating for Workhorse Group is neutral as five out of seven analysts covering the stock are rating the stock a ‘Hold’. Only two analysts hold a buy rating for Workhorse shares.
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.
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Will Workhorse stocks go up?
Based on an algorithm-based Workhorse share price forecast at the time of writing (22 March) from Wallet Investor, it viewed the stock as an "outstanding" short term in investment and forecasted the WKHS stock may increase to $6.88 by this time next year.
Is it a good time to buy Workhorse stock?
Even though Workhorse stock's price looks attractive, it seems best to avoid this stock right now. Irrespective of where the stock's price may move in 2022, the company's fundamentals and long-term prospects don't look very bright as of now.
What's the Forecast for Workhorse?
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 112.59% change from the last price of $2.94.
Is Workhorse a good investment 2021?
For Workhorse's long-term investors, early 2021 could be referred to as the "good old days." On February 4, WKHS stock topped out at $42.96. Bear in mind, this stock cost less than $1 at one point, back in 2019.
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.
What will Workhorse stock be worth in 2025?
Workhorse stock price stood at $3.09YearMid-YearYear-End2023$5.58$6.842024$8.07$9.282025$10.47$11.652026$12.82$13.978 more rows
Is WKHS a strong buy?
The financial health and growth prospects of WKHS, demonstrate its potential to underperform the market. It currently has a Growth Score of B. Recent price changes and earnings estimate revisions indicate this would not be a good stock for momentum investors with a Momentum Score of F.
Is Workhorse A Buy Sell or Hold?
USD 2.72 0.07 2.51% Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Workhorse Grp is 'Strong Sell'.
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) ,...
"Should I invest in Workhorse Group stock?" "Should I trade "WKHS" stock today?"
According to our live Forecast System, Workhorse Group Inc stock is an awesome long-term (1-year)...
What is the Workhorse Group stock price / share price today?
The Workhorse Group stock price is 3.245 USD today.
Will Workhorse Group stock price grow / rise / go up?
Yes. The WKHS stock price can go up from 3.245 USD to 5.416 USD in...
Is it profitable to invest in Workhorse Group stock?
Yes. The long-term earning potential is + 66.89 % in one year.
Will WKHS stock price fall / drop?
No. See above .
What will Workhorse Group stock price be worth in five years (2027)?
The WKHS ("WKHS" ) future stock price will be 12.960 USD .
Will WKHS stock price crash?
According to our analysis, this will not happen.
Will Workhorse Group stock price hit 10 USD price in a year?
Not within a year. See above .
Will Workhorse Group stock price hit 20 USD price in a year?
Not within a year. See above .
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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How much will Workhorse stock rise in 2025?
According to their Workhorse (WKHS) stock forecast 2025, the stock’s price will rise up to $104.53 in a five-year period . However, due to the Workhorse group’s latest performance, you should note that this forecast can be significantly exaggerated.
Who is the CEO of Workhorse?
According to the press release that disclosed this particular deal with Pride, Workhorse’s CEO Duane Hughes emphasised that the firm had secured the financing required to scale up its manufacturing capacity quickly through a partnership with Hitachi Capital America.
Is Workhorse meeting with USPS?
Workhorse stock news. In a statement released by Workhorse on March 4, the company mentioned that it has held meetings with USPS officials to discuss the details of why the company was not awarded with at least a portion of the large contract. The firm stated that the specifics of the meeting could not be disclosed at the moment ...
What company is WKHS?
Electric vehicle (EV) company Workhorse Group (NASDAQ: WKHS) recovered some lost stock value last month as it prepares a lawsuit to win back a $482 million U.S. Postal Service (USPS) contract that slipped through its fingers earlier this year.
Is Workhorse a meme?
Workhorse (WKHS) is caught up in the meme craze and should be avoided. Instead, investing in legacy automakers like GM, F and VWAGY to ride the EV wave is likely to reap handsome long-term gains.
What is Workhorse focusing on?
Workhorse is focused on electric trucks and delivery vehicles, and investors coming into 2021 had high hopes that the company would win at least part of a massive $6 billion contract to modernize the U.S. Postal Service delivery fleet. But on Feb. 23, the post office picked a different company for the contract, taking the wind out of Workhorse's sails.
Is Workhorse still viable?
There is clearly still a potentially viable business in Workhorse, but unless the company can get the post office to rethink its award decision, the hoped-for shortcut to success is gone. Workhorse faces competition from well-established incumbents and well-funded start-ups.