Who bought WKHS stock?
Sep 22, 2021 · Now it’s falling further as investors lose faith in the company. However, there’s still plenty of time for a turnaround, and today’s dip could represent a …
How does Workhorse Group (WKH) stock rank on news sentiment scores?
Jul 02, 2021 · Shares of electric truck start-up Workhorse Group ( WKHS -10.85% ) tanked today, down nearly 9% as of 2:45 p.m. EDT after tumbling almost 12% at one point earlier in the day despite no news from...
How much of Workhorse Group's stock is owned by insiders?
Apr 11, 2022 · Workhorse Group (NASDAQ:WKHS) Shares Gap Down to $4.19 americanbankingnews.com - March 18 at 12:56 PM: Why Workhorse Group Stock Jumped Today msn.com - March 17 at 4:11 PM: Workhorse Group CEO buys $155K in common stock seekingalpha.com - March 16 at 9:35 PM: Workhorse positions itself to raise up to $175M in …
What price target do analysts set for WKHS?
May 10, 2021 · Shares of Workhorse (NASDQ: WKHS) stock are getting crushed on Monday morning after the firm reported worse-than-expected earnings for the first quarter of fiscal year 2021. This comes after...
What's happening with 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.
Why are workhorse shares dropping?
Workhorse also said the newly announced testing should be completed in the fourth quarter of 2021. Much of the source of the stock's decline this year came in February when the company lost out on a bid for a 10-year contract with the U.S. Postal Service for new-energy vehicles.Sep 22, 2021
Is WKHS a good stock to buy?
A rating of 87 puts Workhorse Group Inc (WKHS) near the top of the Auto Manufacturers industry according to InvestorsObserver. Workhorse Group Inc's score of 87 means it scores higher than 87% of stocks in the industry. Workhorse Group Inc also received an overall rating of 55, putting it above 55% of all stocks.Jan 3, 2022
Will 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
Is Workhorse going to come back?
Workhorse has not announced a new model after suspending production of its C1000 electric vans. The company's new management is working to put the company on a sustainable growth path. Several leading automakers are bringing electric commercial delivery vans to the market.Jan 20, 2022
Is WKHS undervalued?
Is Workhorse Group Inc Stock Undervalued? The current Workhorse Group Inc [WKHS] share price is $3.75. The Score for WKHS is 21, which is 58% 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.
Is WKHS a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
What Happened With WKHS Stock?
While EV companies are rushing forward to roll out their newest offerings in the market, Workhorse is doing the opposite. The company is delaying deliveries of its C-1000 delivery van. It’s also recalling 41 of the EVs that have already been delivered.
What It Means
To put it simply, this means that Workhorse won’t be shipping out its C-1000 delivery vans as soon as it thought. This will likely end up affecting the company’s earnings. It plans to address this in its upcoming earnings call for the third quarter of 2021.
What happened
Shares of electric truck start-up Workhorse Group ( WKHS -5.12% ) tanked today, down nearly 9% as of 2:45 p.m. EDT after tumbling almost 12% at one point earlier in the day despite no news from the company. Fresh woes at another electric vehicle start-up, which could have serious implications for Workhorse, drove the latter's shares down today.
So what
Trading of Lordstown Motors ( RIDE -5.91% ) shares was halted earlier today and the stock slumped double digits after trading resumed, thanks to the company reportedly coming under fire from the U.S. Department of Justice, according to The Wall Street Journal.
Now what
Although Workhorse's sales zoomed in the first quarter as it delivered six trucks, its losses mounted and it ended Q1 with only $205.1 million in cash. With the DOJ investigation only adding to Lordstown's troubles and raising serious concerns about the company's viability, Workhorse will have to find a workaround soon to win investor confidence.
Premium Investing Services
Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.
What happened
Shares of Workhorse Group ( WKHS -3.16% ) lost nearly half their value on Tuesday after the U.S. Postal Service decided to go in another direction to modernize its fleet of delivery vehicles. The sell-off continued on Wednesday morning, with the stock off an additional 12% in early trading.
So what
Workhorse is an early-stage company focused on the development of electric delivery trucks. The company is relatively small right now, with plans to manufacture just 1,800 vehicles in 2021, but had hoped to quickly change that if it was selected to replace upward of 165,000 postal vehicles over the next 10 years.
Now what
Workhorse said it has requested additional information about the award, and said it intends "to explore all avenues that are available to non-awarded finalists in a government bidding process."
Is Workhorse a fit for Oshkosh?
As one of the finalists, many investors were confident that Workhorse was a clear fit for the role. However, Oshkosh Defense nabbed the deal instead. According to the press release, the U.S. Postal Service plans to soon release a 1o-year plan to improve its technology and infrastructure.
Did the USPS choose Workhorse?
The United States Postal Service didn't choose Workhorse to electrify its ageing fleet. Workhorse (NASDAQ: WKHS) plunged nearly 50% on Tuesday thanks to one big piece of news. After great anticipation, the United States Postal Service awarded its fleet contract.
Is Workhorse the winner of the electric vehicle contract?
Workhorse was not the winner, and the massive drop in WKHS stock reflects that. Here is what you need to know now. Today, the USPS finally announced the winner of its electric vehicle contract. As part of this, the contracted company will help the postal service electrify its fleet, taking it into the new age.
