Workhorse Group (NASDAQ:WKHS) Stock Passes Below 200-Day Moving Average – What’s Next?

Workhorse Group, Inc. (NASDAQ:WKHS) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.40 and traded as low as $2.83. Workhorse Group shares last traded at $3.07, with a volume of 152,728 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Workhorse Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded shares of Workhorse Group from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Workhorse Group Stock Up 3.4%

The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.25 and a current ratio of 1.23. The company has a fifty day simple moving average of $3.02 and a two-hundred day simple moving average of $3.40. The firm has a market capitalization of $33.43 million, a PE ratio of -0.10 and a beta of 2.56.

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

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Workhorse Group stock. Geode Capital Management LLC raised its holdings in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the period. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 at the end of the most recent reporting period. 15.98% of the stock is owned by hedge funds and other institutional investors.

About Workhorse Group

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.