Workhorse stock: buy or sell?

WKHS stock price: $2.74 -8.05% At close on November 15th, 2019

Updated on:
November 15th, 2019

1

After boosting a super good 12.75% on November/14, Workhorse closed yesterday at $2.74 and collapsed a hair-raising -8.05%.

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?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Workhorse stock situation right now, therefore 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?

Banks and financial institutions publish stock ratings everyday. Unfortunately, we couldn't detect any rating for WKHS stock for the last 30 days.

Workhorse stock analysis

Daily outlook

After boosting a super good 12.75% on November/14, Workhorse closed yesterday at $2.74 and collapsed a hair-raising -8.05%.

After boosting a super good 12.75% on Nov/14, Workhorse closed yesterday at $2.74 and collapsed a hair-raising -8.05%. WKHS is retaking the upward trend marking a new rising bottom heading to break out over $3.30. On October/24 WKHS price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock.

WKHS stock chart (daily)

Weekly outlook

After boosting a dazzling 11.33% in a week last week, Workhorse closed this week at $2.74 and plummed a scary -11.33%.

By mid May, SMA20w and SMA40w crossed up triggering a rise of 50.55%. Since price and SMA40w lines crossed up late April, WKHS climbed $1.87 (214.94%).

WKHS stock chart (weekly)

Workhorse stock price history

Workhorse IPO was on June 25th, 2010 at $5.10 per share1. Since then, WKHS stock lost a -46.30%, with a yearly average of -5.10%.

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, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. 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 posted its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will extend this review.
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

In 2018, Workhorse annual sales collapsed a dreadful -92.40% to $0.76 M dollars from $10.04 marked in 2017. In the same way, its profit margin (compared to sales) collapsed to -4,782.97%, that is $-36.50 million.

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 reported $0.02 million in sales for 2018-Q4, a 93.35% improvement compared to previous quarter. Reported quarter earnings marked $-17.69 M with a profit margin of -83,194.75%. Profit margin plunged a -33,312.51% compared to previous quarter when profit margin was -49,882.24%. When comparing revenues 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 stock, it's worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Workhorse, 21.42% of all outstanding shares are owned by its staff.

In case of Workhorse stock, 11.89% 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:

WKHSGMNAVPCARTSLA
Market cap$181.4 M$52.8 B$3.3 B$27.7 B$63.5 B
Total shares66.2 M1,430.0 M99.2 M345.9 M180.2 M
Float shares60.8 M1,250.0 M49.2 M339.3 M142.1 M
  - Institutional holdings (%)11.9%78.8%79.5%64.8%62.9%
  - Insider holdings (%)21.4%7.3%17.1%2.2%25.0%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Workhorse summary

Friday, November 15th, 2019
Open$2.94
Close$2.74
Day range$2.70 - $3.00
Previous close$2.98
Session gain-8.05%
Average true range$0.38
50d mov avg$3.21
100d mov avg$3.43
200d mov avg$2.35
Daily patternlb02a
Weekly pattern

Workhorse performance

To measure stock performance is always good to compare with competitors or related stocks. We picked General Motors, Navistar International, PACCAR and Tesla as the bechmarking frame for Workhorse stock.
Stock3m6m12m
WKHSWorkhorse-24.52%85.14%251.28%
GMGeneral Motors0.71%1.79%7.52%
NAVNavistar Internat...37.93%4.93%9.45%
PCARPACCAR24.91%16.90%39.22%
TSLATesla60.12%66.88%-0.60%

Workhorse competitors

We selected a few stocks to conform a list of Workhorse competitors to check if you are interested in investing in WKHS: