Who bought WKHS stock?
Feb 23, 2021 · WKHS stock plunged Tuesday after investors learned it didn't win a key contract with the USPS. Here's what to know now.
How does Workhorse Group (WKH) stock rank on news sentiment scores?
Nov 25, 2020 · After dropping as much as 10% today, shares of Workhorse Group ( NASDAQ:WKHS) closed down only about 3.5%. But even a 10% drop doesn't move the needle of this electric delivery truck maker after ...
Is there room for Workhorse Group stock to drop?
Feb 26, 2021 · So what. Investors in Workhorse Group previously drove the stock price up based on hopes the company would win at least a portion of a $6 billion USPS contract to replace its fleet with next ...
Is Workhorse Group efficiently growing its dividend?
Feb 27, 2020 · Now what. Workhorse Group is a $270 million company with $25 million in net debt, less than half a million dollars in annual revenue and no profits whatsoever. It's exactly the kind of company ...
Is WKHS a good stock to buy now?
Wall Street's opinion. Consensus around WHKS stock is currently bullish. The company has a moderate buy rating, based on four analysts forecasting twelve-month price targets of $10.50, on average. At these target levels, WKHS has a whopping 45% upside potential from here.Nov 15, 2021
What just happened to Workhorse?
Workhorse Group (WKHS) Reports Q4 Loss, Misses Revenue Estimates. Workhorse (WKHS) delivered earnings and revenue surprises of -707.14% and 884.04%, respectively, for the quarter ended December 2021.
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%Spread1.822 more rows•Mar 22, 2022
Did workhorse get the USPS contract?
WASHINGTON, Sept 14 (Reuters) - Electric vehicle company Workhorse Group (WKHS. O) voluntarily dismissed on Tuesday its legal challenge against a U.S. Postal Service (USPS) move to award a multibillion-dollar contract to Oshkosh Defense (OSK. N) for delivery vehicles.Sep 15, 2021
How much is a workhorse truck?
Workhorse unveils its plug-in electric W-15 pickup truck: $52,000 and 60 kWh battery pack. Last month, Workhorse showed the chassis and plug-in hybrid powertrain of its upcoming electric truck and this week, it unveiled the whole thing.Sep 23, 2021
Is WKHS undervalued?
Is Workhorse Group Inc Stock Undervalued? The current Workhorse Group Inc [WKHS] share price is $3.95. The Score for WKHS is 24, which is 52% below its historic median score of 50, and infers higher risk than normal. WKHS is currently trading in the 20-30% percentile range relative to its historical Stock Score levels.
What is the future of WKHS stock?
On average, Wall Street analysts predict that Workhorse Group's share price could reach $12.50 by Mar 2, 2023. The average Workhorse Group stock price prediction forecasts a potential upside of 163.16% from the current WKHS share price of $4.75.
What happened
After dropping as much as 10% today, shares of Workhorse Group ( WKHS 0.66% ) closed down only about 3.5%. But even a 10% drop doesn't move the needle of this electric delivery truck maker after shares are up an incredible 825% year to date.
So what
Workhorse isn't the only company in the electric vehicle (EV) sector whose shares have been on a roll lately. Part of the attraction to Workhorse Group is the company is actually manufacturing a product. After a sharp rally in the entire sector, many of the stocks are starting to experience a pullback in share prices.
Now what
In its recent third-quarter earnings release, Workhorse CEO Duane Hughes guided investors to a "substantially lower amount" of vehicle production and delivery than previously thought through the remainder of 2020, mainly due to COVID-19 impacts.
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How many vehicles will Workhorse produce in 2021?
Workhorse Group has plans to produce only 1,800 vehicles in 2021. That limited capacity may have contributed to costing the company the contract. Workhorse Group is now valued at less than $2 billion. It also has orders on its books unrelated to the USPS fleet.
What is the USPS Workhorse Group?
Investors in Workhorse Group previously drove the stock price up based on hopes the company would win at least a portion of a $6 billion USPS contract to replace its fleet with next-generation delivery vehicles. When the U.S. Postal Service (USPS) announced this week that a 10-year contract would go to a subsidiary of Oshkosh ( NYSE:OSH), shares of Workhorse Group immediately tanked 50%.
What happened
Shares of Workhorse Group ( WKHS -4.22% ) have enjoyed cat-like luck (you know, nine lives?) through much of the coronavirus crisis -- but on Thursday, Workhorse's luck ran out.
NASDAQ: WKHS
The first question is easier to answer. Mid-Wednesday morning, Lordstown Motors, a new electric-car company founded on the remains of GM's Lordstown auto plant and licensing technology from Workhorse, inked a deal to sell 250 "Endurance" electric pickup trucks to utility FirstEnergy, according to InsideEVs .
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EV Stock No. 1: Lordstown Motors
Investors in RIDE stock have seen a sharp drop today of more than 12% at the time of writing. This appears to be mainly due to the company’s disclosure yesterday that the SEC is probing the company for misleading investors.
EV Stock No. 2: Workhorse Group
Today’s drop of more than 7% at the time of writing in WKHS stock appears to be more simplistic. Workhorse has a 10% stake in Lordstown, meaning these stocks tend to trade in sync, for better or worse.
EV Stock No. 3: Nikola
Investors in NKLA stock have seen a 9% drop today on an interesting report that an early investor was selling its stake. The hydrogen fuel cell EV company has also been under pressure as earlier this week, the company reportedly in a regulatory filing it’s looking at pursuing an additional equity raise.
When will Workhorse Group release its earnings?
Workhorse Group is scheduled to release its next quarterly earnings announcement on Monday, August 9th 2021. View our earnings forecast for Workhorse Group.
How much does Workhorse Group make?
Workhorse Group has a market capitalization of $1.71 billion and generates $1.39 million in revenue each year. The company earns $69.78 million in net income (profit) each year or ($0.63) on an earnings per share basis.
What happened
Shares of start-up battery-electric vehicle manufacturer Workhorse Group (NASDAQ: WKHS) plunged more than 16% in early trading Wednesday -- on no apparent bad news. The stock has recovered a bit since. It's down "only" about 10.9% as of 1:20 p.m. EDT, but still, the big drop on no obvious bad news is a bit disconcerting.
So what
Here at The Motley Fool, we haven't written a lot about Workhorse Group -- not since July, at least, when the stock posted an impressive 18.6% jump on speculation that the company could be in line to win a big contract from the United States Postal Service.
Now what
As analysts and investors bet on the likelihood of any of these three events happening and the value of each event, Workhorse shares are alternately surging and falling.
This company has big potential -- and comes with big risks
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
What happened
Shares of start-up battery-electric vehicle manufacturer Workhorse Group ( NASDAQ:WKHS) plunged more than 16% in early trading Wednesday -- on no apparent bad news. The stock has recovered a bit since. It's down "only" about 10.9% as of 1:20 p.m. EDT, but still, the big drop on no obvious bad news is a bit disconcerting.
So what
Here at The Motley Fool, we haven't written a lot about Workhorse Group -- not since July, at least, when the stock posted an impressive 18.6% jump on speculation that the company could be in line to win a big contract from the United States Postal Service.
Now what
As analysts and investors bet on the likelihood of any of these three events happening and the value of each event, Workhorse shares are alternately surging and falling.