Shares of electric-truck maker Workhorse Group (NASDAQ: WKHS) were trading sharply lower on Monday, after the company announced first-quarter results that fell well short of Wall Street's expectations.As of 1:30 p.m. EDT today, Workhorse's shares were down about 14.8% from Friday's closing price.Workhorse announced its first-quarter results before the U.S. markets opened on Monday, and they weren't good.
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Where can I buy Workhorse Group stock?
· Workhorse Group's stock was trading at $2.21 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WKHS shares have increased by 19.9% and is now trading at $2.65.
How did Workhorse Group's earnings compare to analysts'earnings estimates?
· What happened Shares of electric-truck maker Workhorse Group ( WKHS -3.56% ) were trading sharply lower on Monday, after the company announced first-quarter results that fell well short of Wall...
How does Workhorse Group (WKH) stock rank on news sentiment scores?
· Stock quotes by finanzen.net; Why Workhorse Group Stock Is Falling Today. MotleyFool . May. 10, 2021, 02:15 PM ... expectations.As of 1:30 p.m. EDT today, Workhorse's shares were down about 14.8% ...
How do employees rate Workhorse Group CEO Steve Burns on Glassdoor?
· 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.
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· As of 1:30 p.m. EDT today, Workhorse's shares were down about 14.8% from Friday's closing price. So what Workhorse announced its first-quarter results before the U.S. markets opened on Monday, and ...
Why is Workhorse lower today?
and Workhorse Group Inc , are all trading lower as stocks pull back on continued volatility amid Russian military aggression in Ukraine. The conflict has weighed on stocks and economic sentiment.
Will Workhorse stock 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.
What is 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.
Is Workhorse a good stock to buy now?
However, now that WKHS stock is trading at a significant discount, it's time to give Workhorse a second look. After all, a reduced share price could mean enhanced value and a better reward-to-risk profile for prospective investors. Ironically enough, 2021's last mile could deliver Workhorse's best results.
Is workhorse stock a buy or sell?
For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. A yield of 8.57% also means 8.57 cents of earnings for $1 of investment....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.97%2Buy18.45%3Hold10.03%4Sell5.70%2 more rows
What is the target price for workhorse?
Stock Price TargetsHigh$11.00Median$6.00Low$5.00Average$6.67Current Price$2.5500
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.
Is Workhorse a long term stock?
Although Workhorse Group and its stock don't seem promising at the moment, they may still be worth the high-risk long-term investment as its stock value is at a fifteen-month low.
Is ChargePoint a buy?
ChargePoint Earnings are Racing Not only was that better than analyst expectations for $75.9 million, it was also better than company expectations for $75.9 million. For fiscal year 2023, CHPT expects for sales to come in between $450 million and $500 million. That is also above expectations for $418 million in sales.
Who is buying WKHS?
A Workhorse vehicle Workhorse WKHS +10.59% Group stock hit a nearly two-year low a few weeks ago, and CEO Rich Dauch and executive Stan March just bought up shares of the electric-vehicle maker on the open market. Workhorse (ticker: WKHS) may not be an old gray mare, but it ain't what it used to be.
Why is Workhorse stock rising?
Workhorse Group Inc shares are trading higher after the company reported fourth-quarter results. The company said it expects to sell at least 250 vehicles in 2022 and generate at least $25 million in revenue.
Why is Workhorse going up?
Why Workhorse Group Soared 59.7% in March The electric delivery van maker signed a new purchase agreement, had some insider stock-buying, and benefited from a broad market recovery.
Is Workhorse a long term stock?
Although Workhorse Group and its stock don't seem promising at the moment, they may still be worth the high-risk long-term investment as its stock value is at a fifteen-month low.
Will HYLN stock go up?
The 4 analysts offering 12-month price forecasts for Hyliion Holdings Corp have a median target of 4.00, with a high estimate of 5.00 and a low estimate of 3.00. The median estimate represents a +22.70% increase from the last price of 3.26.
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...
Workhorse delivered just six -- yes, six -- trucks in the first quarter
John Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Follow @john__rosevear
What happened
Shares of electric-truck maker Workhorse Group ( NASDAQ:WKHS) were trading sharply lower on Monday, after the company announced first-quarter results that fell well short of Wall Street's expectations.
So what
Workhorse announced its first-quarter results before the U.S. markets opened on Monday, and they weren't good. The company managed to deliver just six of its electric C-Series delivery vans in the first quarter, generating revenue of $521,060. (That's not a typo.)
Now what
The production numbers will get bigger as the year goes on, but not a lot bigger. Workhorse said that it now expects to deliver about 1,000 of its C-Series package vans in 2021. Of course, that expectation assumes that its operational issues are truly resolved, and I think investors would be wise to wait and see on that front.
What happened
Shares of electric-truck maker Workhorse Group (NASDAQ: WKHS) were trading sharply lower on Monday, after the company announced first-quarter results that fell well short of Wall Street's expectations.
So what
Workhorse announced its first-quarter results before the U.S. markets opened on Monday, and they weren't good. The company managed to deliver just six of its electric C-Series delivery vans in the first quarter, generating revenue of $521,060. (That's not a typo.)
Now what
The production numbers will get bigger as the year goes on, but not a lot bigger. Workhorse said that it now expects to deliver about 1,000 of its C-Series package vans in 2021. Of course, that expectation assumes that its operational issues are truly resolved, and I think investors would be wise to wait and see on that front.
