Workhorse stock: buy or sell?
February 27th, 2020
Workhorse Group Inc. designs, manufactures, and builds battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation.
Should I buy Workhorse stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Workhorse stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Workhorse stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.Unfortunately, we couldn't detect any rating for WKHS stock for the last 30 days.
Workhorse stock analysis
Shares of Workhorse plummed a dreadful -12.61% and closed at $3.12.
Workhorse closed today at $3.12 and plummed a dreadful -12.61%. On Jan 31st WKHS price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. WKHS shows a short term strength with several rising tops and rising bottoms. In the very short term, on Monday it marked a new bottom at $3.31 that should act a support if Workhorse starts a trading flat base in the range of $3.31 - $3.94 If Workhorse breakouts over $3.94 with average or higher volume, this would be a clear signal that the uptrend resumes. On Feb/10, SMA50d and SMA100d crossed up triggering a rise of 2.63%.
After boosting a dazzling 9.54% in a week last week, Workhorse closed this week at $3.12 and plummed a scary -14.99%.
Workhorse stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, WKHS might consolidate in a flat-base, waiting to break out over or down under .
Workhorse stock price history
Workhorse stock went public on June 25th, 2010 with a price of $5.101. Since then, WKHS stock lost a -38.80%, with a yearly average of -4.30%.
1: Adjusted price after possible price splits or reverse-splits.
Workhorse stock historical price chart
WKHS stock reached 52-week highs on July at $5.37, and all-time highs 2016-04-08 with a price of 11.7.
Workhorse stock price targetPredicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' WKHS stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we have not detected any price prediction for Workhorse stock by any trusted analyst.
Financials and fundamental analysis
Earnings date and Earnings per ShareSince last March, when Workhorse published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a dreadful drop down of -92.40% to $0.76 M dollars. When comparing 2018 vs 2017, similarly, profit margin (that is, the net income divided by revenues) plunged a -4,372.38% to -4,782.97%.
|2013||$0.18 M||-||$-6.11 M-3442.3%||-|
|2014||$0.18 M||0.00%||$-6.61 M-3723.2%||8.16%|
|2015||$0.14 M||-21.14%||$-9.43 M-6734.4%||42.64%|
|2016||$6.41 M||4,482.65%||$-19.56 M-304.9%||107.45%|
|2017||$10 M||56.49%||$-41.22 M-410.6%||110.76%|
|2018||$0.76 M||-92.40%||$-36.50 M-4783.0%||-11.44%|
Quarterly financial resultsWorkhorse posted $0.02 million in revenues for 2018-Q4, a 93.35% improvement compared to previous quarter. Reported quarter earnings marked $-17.69 million with a profit margin of -83,194.75%. Profit margin collapsed a -33,312.51% compared to previous quarter when profit margin was -49,882.24%. When comparing sales to same quarter last year, Workhorse sales marked a bloodcurdling slide and plummed a -99.64%.
|2017-Q1||$1.78 M||-||$-7.92 M-444.9%||-|
|2017-Q2||$0.27 M||-84.83%||$-9.20 M-3407.4%||16.16%|
|2017-Q3||$3.29 M||1,116.67%||$-12.67 M-385.6%||37.69%|
|2017-Q4||$5.96 M||81.38%||$-11.71 M-196.5%||-7.60%|
|2018-Q1||$0.56 M||-90.60%||$-6.42 M-1145.6%||-45.17%|
|2018-Q2||$0.17 M||-69.53%||$-6.91 M-4048.0%||7.66%|
|2018-Q3||$0.01 M||-93.56%||$-5.49 M-49882.2%||-20.61%|
|2018-Q4||$0.02 M||93.35%||$-17.69 M-83194.8%||222.48%|
Workhorse ownershipWhen you are planning to buy a company, it's always worth to review its ownership structure.
Workhorse shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 21.04% of all shares.
In case of Workhorse stock, 21.45% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for WKHS stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Workhorse:
|Market cap||$224.7 M|
|Total shares||72.0 M|
|Float shares||59.9 M|
|- Institutional holdings (%)||21.4%|
|- Insider holdings (%)||21.0%|
|Shares in short selling||0.0%|
|Thursday, February 27th, 2020|
|Day range||$3.02 - $3.51|
|Average true range||$0.27|
|50d mov avg||$3.28|
|100d mov avg||$3.15|
|200d mov avg||$3.12|
Workhorse performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Workhorse against in the following table: