WKHS Stock Summary and Trading Ideas (Workhorse Group | NASDAQ:WKHS)

Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric delivery trucks and drone systems, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand.

Workhorse Group trades on the NASDAQ stock market under the symbol WKHS.

As of April 19, 2024, WKHS stock price climbed to $0.16 with 11,493,239 million shares trading.

WKHS has a beta of 2.52, meaning it tends to be more sensitive to market movements. WKHS has a correlation of 0.12 to the broad based SPY ETF.

WKHS has a market cap of $50.23 million. This is considered a Micro Cap stock.

Last quarter Workhorse Group reported $4 million in Revenue and -$.19 earnings per share. This beat revenue expectation by $1 million and missed earnings estimates by -$.10.

In the last 3 years, WKHS stock traded as high as $18.59 and as low as $.15.

The top ETF exchange traded funds that WKHS belongs to (by Net Assets): VTI, IWM, VXF, IWN, VCR.

WKHS has underperformed the market in the last year with a price return of -85.1% while the SPY ETF gained +21.2%. WKHS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -45.9% and -21.2%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

WKHS support price is $.14 and resistance is $.16 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WKHS stock will trade within this expected range on the day.