Workhorse stock: buy or sell?

WKHS stock price: $3.12 -12.61% At close on February 27th, 2020

Updated on:
February 27th, 2020

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Workhorse ended today at $3.12 and plummed a dreadful -12.61%. On Feb/20 WKHS skyrocketed a super good 6.68%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean WKHS will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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

Daily outlook

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%.

WKHS stock chart (daily)

Weekly outlook

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 .

WKHS stock chart (weekly)

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 target

Predicting 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 Share

Since last March, when Workhorse published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
WKHS earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.24n/a
2017-Q2-n/a-0.26n/a
2017-Q3-n/a-0.35n/a
2017-Q42018-03-14n/a-0.32n/a
2018-Q12018-05-09n/a-0.16n/a
2018-Q22018-08-06-0.14-0.18n/a
2018-Q32018-11-07-0.17-0.15n/a
2018-Q42019-03-18n/a-0.28n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared 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%.

WKHS annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$0.18 M-$-6.11 M-3442.3%-
2014$0.18 M0.00%$-6.61 M-3723.2%8.16%
2015$0.14 M-21.14%$-9.43 M-6734.4%42.64%
2016$6.41 M4,482.65%$-19.56 M-304.9%107.45%
2017$10 M56.49%$-41.22 M-410.6%110.76%
2018$0.76 M-92.40%$-36.50 M-4783.0%-11.44%

Quarterly financial results

Workhorse 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%.
WKHS quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
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$3.29 M1,116.67%$-12.67 M-385.6%37.69%
2017-Q4$5.96 M81.38%$-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$0.02 M93.35%$-17.69 M-83194.8%222.48%

Workhorse ownership

When 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:

WKHS
Market cap$224.7 M
Total shares72.0 M
Float shares59.9 M
  - Institutional holdings (%)21.4%
  - Insider holdings (%)21.0%
Shares in short selling0.0%

Workhorse summary

Thursday, February 27th, 2020
Open$3.50
Close$3.12
Day range$3.02 - $3.51
Previous close$3.57
Session gain-12.61%
Average true range$0.27
50d mov avg$3.28
100d mov avg$3.15
200d mov avg$3.12
Daily patternlb03a
Weekly pattern lt06a

Workhorse performance

Performance 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:
Stock3m6m12m
WKHSWorkhorse13.45%-25.89%231.91%

Workhorse competitors

Unfortunately, we could not find any public company that could be defined as Workhorse competitor. This doesn't mean Workhorse does not have any competitor in the market, it's just we could not detected it.