Workhorse Group Stock Today

WKHS Stock  USD 0.23  0.01  4.55%   

Performance

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Odds Of Distress

Over 81

 
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Workhorse is selling for under 0.23 as of the 29th of March 2024; that is 4.55 percent increase since the beginning of the trading day. The stock's lowest day price was 0.22. Workhorse has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Workhorse Group are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Automobiles & Components
IPO Date
7th of August 2014
Category
Consumer Cyclical
Classification
Consumer Discretionary
Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio. Workhorse Grp operates under Auto Manufacturers classification in the United States and is traded on NASDAQ Exchange. The company has 311.4 M outstanding shares of which 52.37 M shares are at this time shorted by private and institutional investors with about 5.11 trading days to cover. More on Workhorse Group

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Workhorse Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Workhorse's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Workhorse or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO PresidentRichard Dauch
Thematic IdeaAutomobiles and Trucks (View all Themes)
Business ConcentrationAutomotive Parts & Equipment, Automobiles & Components, Consumer Discretionary, NASDAQ Composite, Automobiles and Trucks, Consumer Discretionary, Automobile Components, Auto Manufacturers, Consumer Cyclical (View all Sectors)
Average Analyst Recommendation
Analysts covering Workhorse report their recommendations after researching Workhorse's financial statements, talking to executives and customers, or listening in on Workhorse's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Workhorse Group. The Workhorse consensus assessment is calculated by taking the average forecast from all of the analysts covering Workhorse.
Financial Strength
Based on the measurements of operating efficiency obtained from Workhorse's historical financial statements, Workhorse Group is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Workhorse Group is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Total Current Liabilities55.9 M53.3 M
Sufficiently Up
Slightly volatile
Non Current Liabilities TotalM5.3 M
Notably Down
Pretty Stable
Total Assets84.1 M141.7 M
Way Down
Slightly volatile
Total Current Assets52.1 M93.8 M
Way Down
Slightly volatile
Workhorse's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Workhorse's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Workhorse's financial leverage. It provides some insight into what part of Workhorse's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Workhorse's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Workhorse deploys its capital and how much of that capital is borrowed.
Liquidity
Workhorse cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 29.02 M in liabilities with Debt to Equity (D/E) ratio of 0.06, which may suggest the company is not taking enough advantage from borrowing. Workhorse Group has a current ratio of 9.11, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Workhorse until it has trouble settling it off, either with new capital or with free cash flow. So, Workhorse's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Workhorse Group sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Workhorse to invest in growth at high rates of return. When we think about Workhorse's use of debt, we should always consider it together with cash and equity.

Other Cashflows From Financing Activities

65.66 Million
Workhorse Group (WKHS) is traded on NASDAQ Exchange in USA. It is located in 3600 Park 42 Drive, Sharonville, OH, United States, 45241 and employs 298 people. Workhorse is listed under Automotive Parts & Equipment category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 71.62 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Workhorse's market, we take the total number of its shares issued and multiply it by Workhorse's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Workhorse Group conducts business under Automobile Components sector and is part of Consumer Discretionary industry. The entity has 311.4 M outstanding shares of which 52.37 M shares are at this time shorted by private and institutional investors with about 5.11 trading days to cover. Workhorse Group currently holds about 140.06 M in cash with (123.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Workhorse Probability Of Bankruptcy
Ownership Allocation
Workhorse Group retains a total of 311.4 Million outstanding shares. Workhorse Group maintains 6.38 (%) of its outstanding shares held by insiders and 16.36 (%) owned by institutional investors. Please note that no matter how many assets the company shows, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Workhorse Ownership Details

Workhorse Stock Price Odds Analysis

Attributed to a normal probability distribution, the odds of Workhorse jumping above the current price in 90 days from now is about 90.49%. The Workhorse Group probability density function shows the probability of Workhorse stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.1931. This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Workhorse will likely underperform. Additionally, workhorse Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 0.23HorizonTargetOdds Above 0.23
9.47%90 days
 0.23 
90.49%
Based on a normal probability distribution, the odds of Workhorse to move above the current price in 90 days from now is about 90.49 (This Workhorse Group probability density function shows the probability of Workhorse Stock to fall within a particular range of prices over 90 days) .

Workhorse Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Workhorse that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Workhorse's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Workhorse's value.
InstituionRecorded OnShares
Credit Suisse First Boston (csfb)2023-12-31
646.6 K
Jpmorgan Chase & Co2023-12-31
599.8 K
D. E. Shaw & Co Lp2023-09-30
500 K
Nuveen Asset Management, Llc2023-12-31
486.7 K
Qube Research & Technologies2023-12-31
410.6 K
Barclays Plc2023-12-31
285.5 K
Millennium Management Llc2023-12-31
261.2 K
Rhumbline Advisers2023-12-31
258.8 K
Bank Of America Corp2023-12-31
245.9 K
Blackrock Inc2023-12-31
13.8 M
Vanguard Group Inc2023-12-31
9.9 M
View Workhorse Diagnostics

Workhorse Historical Income Statement

Workhorse Group Income Statement is one of the three primary financial statements used for reporting Workhorse's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Workhorse Group revenue and expense. Workhorse Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Workhorse's Interest Income is comparatively stable compared to the past year. Net Interest Income is likely to gain to about 3.6 M in 2024, despite the fact that EBIT is likely to grow to (100 M). View More Fundamentals

Workhorse Stock Against Markets

Picking the right benchmark for Workhorse stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Workhorse stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Workhorse is critical whether you are bullish or bearish towards Workhorse Group at a given time. Please also check how Workhorse's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Workhorse without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Workhorse Corporate Directors

Workhorse corporate directors refer to members of a Workhorse board of directors. The board of directors generally takes responsibility for the Workhorse's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Workhorse's board members must vote for the resolution. The Workhorse board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gerald BuddeDirectorProfile
James TaylorDirectorProfile
Michael ClarkDirectorProfile
Daniel ZitoExecutive VP and Director of Bus. Devel.Profile

How to buy Workhorse Stock?

Before investing in Workhorse, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Workhorse. To buy Workhorse stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Workhorse. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Workhorse stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Workhorse Group stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Workhorse Group stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Workhorse Group, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Workhorse Stock please use our How to Invest in Workhorse guide.

Already Invested in Workhorse Group?

The danger of trading Workhorse Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Workhorse is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Workhorse. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Workhorse Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Workhorse Group is a strong investment it is important to analyze Workhorse's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Workhorse's future performance. For an informed investment choice regarding Workhorse Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Workhorse Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate.
Note that the Workhorse Group information on this page should be used as a complementary analysis to other Workhorse's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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When running Workhorse's price analysis, check to measure Workhorse's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.
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Is Workhorse's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workhorse. If investors know Workhorse will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workhorse listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
190.435
Earnings Share
(0.60)
Revenue Per Share
0.063
Quarterly Revenue Growth
0.278
Return On Assets
(0.40)
The market value of Workhorse Group is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse's value that differs from its market value or its book value, called intrinsic value, which is Workhorse's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workhorse's market value can be influenced by many factors that don't directly affect Workhorse's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workhorse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workhorse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.