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why wkhs stock down today

by Mr. Quincy Kuvalis III Published 3 years ago Updated 2 years ago
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How much is a share of WKHS stock?

Apr 17, 2022 · Their forecasts range from $6.00 to $7.50. On average, they anticipate Workhorse Group's stock price to reach $6.80 in the next year. This suggests a possible upside of 109.9% from the stock's current price. View analysts' price targets for Workhorse Group or view top-rated stocks among Wall Street analysts.

How much of Workhorse Group's stock is owned by insiders?

Apr 22, 2022 · WKHS Workhorse Group — Stock Price and Discussion | Stocktwits. Workhorse Group NASDAQ Updated Apr 22, 2022 11:59 PM. WKHS 3.22 0.02 (0.62%) Post-Market 0.01 (0.31%) 122,283. Key Data. 52wk Low 2.58. 52wk High 18.59.

When is Workhorse Group's next earnings date?

The stocks of three struggling electric vehicle (EV) companies are jumping today. Shares of Workhorse Group (NASDAQ: WKHS) and Lordstown Motors (NASDAQ: RIDE) are down between 60% and 70% in the ...

What are the most popular online brokerages for Workhorse Group stock?

Apr 12, 2022 · Workhorse Group, Inc. Common Stock (WKHS) nasdaq.com - February 15 at 11:45 PM: Why Workhorse Group, Nikola, and Lordstown Motors Fell in January finance.yahoo.com - February 10 at 4:17 AM: Why Workhorse Group Stock Spiked Today finance.yahoo.com - January 26 at 12:49 PM: Rivian and other electric vehicle stocks get clobbered amid selloff

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Is WKHS stock a 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

Is WKHS a good stock?

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

How high will WKHS stock go?

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 52.03% change from the last price of $4.44.

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.

What company is WKHS?

Is Workhorse a meme?

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.

What Happened With WKHS Stock?

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 It Means

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 happened

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.

So what

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.

Now 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.

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