Workhorse Group (NASDAQ:WKHS) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Workhorse Group, Inc. (NASDAQ:WKHS)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.10 and traded as low as $2.83. Workhorse Group shares last traded at $2.87, with a volume of 227,810 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on WKHS shares. Weiss Ratings raised Workhorse Group from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. Wall Street Zen cut Workhorse Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Workhorse Group has an average rating of “Sell”.

Workhorse Group Stock Down 4.0%

The stock has a market cap of $31.25 million, a price-to-earnings ratio of -0.09 and a beta of 2.63. The company has a quick ratio of 0.25, a current ratio of 1.23 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average of $3.10 and a two-hundred day moving average of $4.32.

Workhorse Group (NASDAQ:WKHS) last issued its earnings results on Thursday, May 14th. The company reported ($1.99) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.47) by ($0.52). Workhorse Group had a negative net margin of 299.18% and a negative return on equity of 255.45%. The firm had revenue of $4.33 million during the quarter, compared to analyst estimates of $8.52 million. As a group, analysts predict that Workhorse Group, Inc. will post -5.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC boosted its position in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,684 shares of the company’s stock after acquiring an additional 11,073 shares during the quarter. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 as of its most recent filing with the Securities and Exchange Commission. 15.98% of the stock is owned by institutional investors and hedge funds.

Workhorse Group Company Profile

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.