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

Workhorse Group, Inc. (NASDAQ:WKHS) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $3.16 and traded as low as $2.96. Workhorse Group shares last traded at $3.02, with a volume of 213,034 shares trading hands.

Analysts Set New Price Targets

WKHS has been the subject of a number of research analyst reports. Wall Street Zen downgraded Workhorse Group from a “sell” rating to a “strong sell” rating in a report on Saturday, September 19th. Weiss Ratings raised Workhorse Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

Workhorse Group Trading Down 12.2%

The business has a fifty day moving average price of $2.94 and a 200 day moving average price of $3.16. The company has a market capitalization of $33.01 million, a PE ratio of -0.25 and a beta of 2.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.41 and a current ratio of 1.28.

Workhorse Group (NASDAQ:WKHS) last released its quarterly earnings data on Thursday, August 13th. The company reported ($1.86) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($0.91). The firm had revenue of $3.56 million during the quarter, compared to analyst estimates of $5.33 million. Workhorse Group had a negative net margin of 357.61% and a negative return on equity of 311.04%.

Workhorse Group Company Profile

Workhorse Group, Inc. is an American technology and manufacturing company focused on all-electric commercial vehicles. The company develops purpose-built vehicles for last-mile delivery, logistics, and other commercial fleet applications, with an emphasis on reducing operating emissions and supporting the transition from conventional gasoline- and diesel-powered vehicles. Workhorse’s product portfolio has included electric step vans and chassis-cab vehicles designed for parcel delivery, trades, and other vocational uses.