Workhorse stock: buy or sell

WKHS stock price: $14.54 -2.22% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

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Workhorse stock brief

  • Workhorse stock went down -2.22% to close at $14.54 on the stock market on Monday.
  • Workhorse Group Inc., a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States.

Should I buy Workhorse stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $WKHS stock a buy?

Currently, Workhorse stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $WKHS will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Workhorse stock?

When you are a novel trader and you own a stock with some profit, it's really hard to decide the correct moment to sell and get your benefits. In the same way as when we have to buy shares, deciding when is the best time to sell is not a whimsy decision, and we must follow our own trading strategy. We like very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups should not be used for shorting $WKHS stock

A guiding principle is that you must never mantain a trade that produces greater losses than those expected by the time of purchase. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Workhorse stock?

Currently, Workhorse stock doesn't match any of our preferred sell setups, so if you hold Workhorse stock and your operation is in profit probably is not time to sell now

Workhorse ratings

In the last month, just one analyst rating was published for Workhorse

Workhorse analysts' ratings - Last 30 days
Brokerage firmRating
Jun 4th, 2021
Cowen

Workhorse stock analysis

SMAs overview

WKHS stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $14.55 (0.07% above)
  • R2: $15.13 (4.06% above)
  • R3: $18.59 (27.85% above)
  • The current supports are:

  • S1: $13.94 (-4.13% below)
  • S2: $13.36 (-8.12% below)
  • S3: $11.87 (-18.36% below)
  • Bollinger bands

    Since the price surpassed the upper band on June 9, the price has been corrected downwards by 21.79%

    WKHS stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on June 10 after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Monday was 57.38. Since RSI lost the overbought zone, Workhorse stock tanked a 13.96%

    WKHS stock RSI chart

    Workhorse stock price history

    Workhorse started trading on Jun 25th, 2010 priced at $5.10 per share1. Since then, WKHS stock has risen by 185.10%, with an average of 18.51% per year. An investment of thousand dollars on Jun 2010 would worth $2,850.98 today.

    1: Adjusted price after possible price splits or reverse-splits

    WKHS stock price history chart

    Price target for Workhorse stock

    Nobody knows how much a stock will be priced in the future. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.

    The following table shows the price target posted by analysts in the last month. If you are a small investor you should not trade based on these price targets.

    There is just one price target issued for Workhorse that forecasts a price of $13.00.

    Workhorse stock price predictions
    Brokerage firmPrice target
    Jun 4th, 2021
    Cowen $13.00

    Earnings and financials

    Financial event was hosted by Workhorse ($WKHS) in mid-May after posting the earnings report. The company reported EPS that seriuosly missed analysts' expectations. Quarterly EPS was $-1.04 per share from an estimated $-0.17.

    Compared to the same quarter last year, EPS was $0.06, so posted EPS means a reduction of -1,833.33%. Looking at turnover, figures exploded a 518.10% compared to $843,000 same quarter 12 months ago.

    Workhorse ($WKHS) will host the earnings call next August. Market forecasts of $-0.29, compared to previous quarter that made $-1.04.

    Workhorse performance

    WKHS performance compared
    Company1m3m6m
    Workhorse ($WKHS) 68.90% -7.00% -30.90%

    Important:
    The thoughts given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have an understanding of the individual positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for general educational motives only

    Workhorse summary

    Monday, June 21st, 2021
    Open$14.95
    Close$14.54
    Day range$14.01 - $15.09
    Previous close$14.87
    Session gain-2.22%
    Average true range$2.84
    50d mov avg$11.63
    100d mov avg$16.99
    200d mov avg$19.96
    Earnings dateAugust 9th, 2021

    Frequently asked questions

    What is Workhorse stock symbol?

    Workhorse Group Inc. is a public company trading in the US stock market with the WKHS symbol

    Is Workhorse stock a buy or sell?

    Workhorse had one rating in the last 4 weeks Read the article to get additional tips on trading WKHS stock.

    Will WKHS go up?

    Workhorse had different price forecasts published by analysts in the last month forecasting the target price to $13.00. That is a 10.59% than the current price ($14.54).