Workhorse Group, Inc. (WKHS) News
Filter WKHS News Items
WKHS News Results
|Loading, please wait...|
WKHS News Highlights
- WKHS's 30 day story count now stands at 12.
- Over the past 20 days, WKHS's stories per day has been in a clear downtrend, falling by about 0.74 per 2 days.
- The most mentioned tickers in articles about WKHS are ACRO, NOV and PRE.
Latest WKHS News From Around the Web
Below are the latest news stories about WORKHORSE GROUP INC that investors may wish to consider to help them evaluate WKHS as an investment opportunity.
Workhorse Group Inc.'s (NASDAQ:WKHS) 11% loss last week hit both individual investors who own 58% as well as institutions
Every investor in Workhorse Group Inc. ( NASDAQ:WKHS ) should be aware of the most powerful shareholder groups. We can...
Investors will have to do their homework to determine which companies are best positioned for success, while being prepared for the stock market's often irrational behavior. With that in mind, let's take a closer look at Workhorse Group (NASDAQ: WKHS), an American EV company with a questionable past but a potentially optimistic future. The stock is down more than 93% from its highs of February 2021.
It will be hard for these EV stocks to sell to return to their former glory but one firm stands to benefit no matter which EV makers win out.
Electric vehicle stocks have been on a roll lately, but there are still EV stocks to avoid.
In a report released today, Jaime Perez from R.F. Lafferty maintained a Buy rating on Workhorse Group (WKHS - Research Report), with a price target of $5.00. The company's shares closed yesterday at $2.79.According to TipRanks, Perez is an analyst with an average return of -16.5% and a 26.97% success rate. Perez covers the Consumer Goods sector, focusing on stocks such as Workhorse Group, Lordstown Motors, and Fisker.Currently, the analyst consensus on Workhorse Group is a Moderate Buy with an average price target of $5.00.
The current market downturn has exposed multiple electric vehicle stocks to sell. The EV market has seen massive volatility, but most companies are still hanging tough despite market headwinds. However, a few EV companies are buckling under the pressures exerted by current macroeconomic conditions. The automotive market is undergoing multiple changes, especially with the economy on the verge of recession. Moreover, the current market downturn makes it relatively easy to identify EV companies str
A newly created Workhorse Group subsidiary has been operating FedEx Ground delivery routes in Greater Cincinnati.
Workhorse Group (NASDAQ: WKHS) stock was on a downward trajectory in morning trading on Tuesday as the manufacturer of electric vans, drones, and telematics software reported Q3 earnings that fell short of estimates. While the company's loss per diluted share narrowed to $0.22 in the third quarter versus a loss of $0.63 in the same period last year, it still fell short of analysts' estimates of a loss of $0.12 per share.
Workhorse Group Inc (NASDAQ: WKHS) reported third-quarter FY22 sales of $1.54 million, missing the consensus of $2.56 million. Gross loss narrowed to $(7.96) million from $(12.12) million last year. Operating expenses more than tripled to $40.87 million, primarily driven by the net $20.0 million legal settlement expense and an increase of $3.8 million in professional and legal services related to securities and shareholder derivative litigation. Operation loss was $(48.8) million versus $(25.5)
Workhorse (WKHS) delivered earnings and revenue surprises of -83.33% and 52.34%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?