Why is WKHS stock down?
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 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%Spread1.362 more rows•Mar 22, 2022
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.
Is NIO a Buy Sell or Hold?
NIO has received a consensus rating of Buy. The company's average rating score is 2.93, and is based on 13 buy ratings, 1 hold rating, and no sell ratings.
Is WKHS a buy Zacks?
The Zacks database contains over 10,000 stocks. All of those stocks are classified into three groups: Sector, M Industry and X Industry....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.93%2Buy18.44%3Hold9.99%4Sell5.61%2 more rows
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
Should I hold workhorse?
There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Workhorse Group stock.
How is WKHS share prediction?
Analyst Price Target on WKHS Based on 6 Wall Street analysts offering 12 month price targets for Workhorse Group in the last 3 months. The average price target is $6.75 with a high forecast of $11.00 and a low forecast of $5.00. The average price target represents a 82.43% change from the last price of $3.70.
Is workhorse publicly traded?
Founded in 2007 and based in the Cincinnati suburb of Loveland, Workhorse is a manufacturer of electric-powered cargo vans. A publicly-traded company, Workhorse's stock has soared and crashed in the past year: peaking at $42.96 on Feb.Sep 28, 2021
How much is a workhorse truck?
$52,000Workhorse 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 Workhorse Group a buy right now?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Workhorse Group in the last twelve months. There are currently 3 hold rati...
How has Workhorse Group's stock been impacted by Coronavirus?
Workhorse Group's stock was trading at $2.21 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organizatio...
When is Workhorse Group's next earnings date?
Workhorse Group is scheduled to release its next quarterly earnings announcement on Monday, May 9th 2022. View our earnings forecast for Workhorse...
How were Workhorse Group's earnings last quarter?
Workhorse Group Inc. (NASDAQ:WKHS) released its earnings results on Tuesday, November, 9th. The company reported ($0.77) EPS for the quarter, missi...
What guidance has Workhorse Group issued on next quarter's earnings?
Workhorse Group issued an update on its FY 2022 earnings guidance on Tuesday, March, 15th. The company provided EPS guidance of for the period. The...
What price target have analysts set for WKHS?
7 equities research analysts have issued 1-year price objectives for Workhorse Group's shares. Their forecasts range from $6.00 to $7.50. On averag...
Who are Workhorse Group's key executives?
Workhorse Group's management team includes the following people: Richard F. Dauch , Chief Executive Officer & Director Robert M. Ginnan , Chief...
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 Brilliance China Automotive (BCAUY) , Federal Signal (FSS) , Proterra (PTRA) , The S...
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
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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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.
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%.
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 Workhorse delivery?
Workhorse is supposed to be commercializing last-mile delivery vehicles. A current target market is for mail and package delivery. In the past, Workhorse has seemingly been on the verge of contracts with several parcel delivery companies, but nothing has quite worked out.
Is it dangerous to count chickens before they hatch?
That’s a reasonable assumption. But it’s dangerous to count chickens before they hatch.
Is Workhorse a sell?
That could change in the future, but for now, Workhorse is a sell.
Forces Hanging Over WKHS Stock
Some of the weakness in WKHS can be attributed to a still-pending announcement by the U.S. Postal Service regarding its $6.3 billion next generation delivery vehicle contract. The deal is now expected to happen before the end of the year.
WKHS Stock Weekly Price Chart
The last force at work in WKHS is that all stocks correct. And as some investors have learned, that goes for champs and the most dominant of companies such as Apple (NASDAQ: AAPL ).
