5/30/2023 0 Comments Workhorse stock forecast![]() He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.Ĭlick here for full details and to join for free. Workhorse Group Inc., whose market valuation is $459.49 million at the time of this writing, is expected to release its quarterly earnings report – Mar 04, 2022. ![]() Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.12 per share this quarter, however they have predicted annual earnings per share of -$0. It means analysts are expecting annual earnings per share growth of 83.70% this year and 31.40% next year. The average estimate suggests sales will likely down by -75.10% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $23.7 million. The company’s revenue is forecast to drop by -2,881.70% over what it did in 2022.Ī company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Workhorse Group Inc. 1 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest WKHS has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell. Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned WKHS a recommendation rating is 7. Out of them, 3 rate it a Hold, while 4 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Workhorse Group Inc. (WKHS) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.Ī quick review shows that WKHS’s price is currently 2.78% off the SMA20 and -4.55% off the SMA50. The RSI metric on the 14-day chart is currently showing 50.31, and weekly volatility stands at 7.99%. When measured over the past 30 days, the indicator reaches 8.90%. (NASDAQ:WKHS)’s beta value is currently sitting at 2.81, while the Average True Range indicator is currently displaying 0.26. With analysts defining $3.00-$11.00 as the low and high price targets, we arrive at a consensus price target of $6.33 for the trailing 12-month period. ![]() The current price is about -2.04% off the estimated low and -274.15% off the forecast high, based on this estimate. ![]() Investors will be thrilled if WKHS’s share price rises to $6.00, which is the median consensus price. At that level, WKHS’s share price would be -104.08% below current price.
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