ROTH Capital lowered the price target for the Workhorse Group Inc. (NASDAQ:WKHS) stock from “a Buy” to “a Neutral”. The rating was released on August 09, 2022, according to finviz. We previously noted in another research note published on March 03, 2022 by R. F. Lafferty that upgraded the stock from a Hold to a Buy with a price target of $6 for WKHS stock. The research report from ROTH Capital has upgraded the stock from Neutral to Buy, with a price target set at $7. The stock was resumed by R. F. Lafferty, who disclosed in a research note on February 02, 2022, to Hold and set the price objective to $4. In their research brief published August 11, 2021, DA Davidson analysts initiated the Workhorse Group Inc. stock to Neutral with a price target of $10.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Workhorse Group Inc. (NASDAQ:WKHS) dipped -3.09% to close Thursday’s market session at $2.82, lower as compared to yesterday’s close. The stock price fluctuated between $2.77 and $2.93 throughout the trading session with the volume trading being 2641039 shares, which represented a significant variation when compared to the three months average volume of 4.05 million shares. The firm’s stock price fluctuated -13.76% within the last five trades and -11.88% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -36.49% in the last 6 months and -11.04% was subtracted to its value over the previous 3 months. WKHS stock is trading at a margin of -9.79%, -16.39% and -20.05% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, WKHS deals in the Consumer Cyclical domain. The stock is trading -66.35 percent below its 52-week high and 33.65 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -64.6. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Workhorse Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $496.66 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 2.74, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.90 percent of Workhorse Group Inc. shares are owned by insiders, and 34.10 percent are held by financial institutions. Mader Pamela S., the Director at Workhorse Group Inc. (WKHS) has bought 12,600 shares of firm on Mar 15 at a price of $3.18 against the total amount of $40050.0. In another inside trade, DAUCH RICHARD F, Chief Executive Officer of Workhorse Group Inc. (NASDAQ:WKHS) bought 50,000 shares of the firm on Mar 14 for a total worth of $0.15 million at a price of $3.10. An inside trade which took place on Mar 14, VP, Business Development of Workhorse Group Inc. March Stanley Raymond bought 15,000 shares of firm against total price of $47700.0 at the cost of $3.18 per share.