Key Points
- Workhorse CEO Richard Dauch sold 8,564 shares on Dec. 15 at an average price of $6.51 for about $55,752, cutting his stake by 86.73% to just 1,310 shares (SEC filing disclosed).
- Shares and fundamentals are weak: WKHS slipped about 8.4% to roughly $5.96 and trades near its 52‑week low with a market cap of ~$12.9M, while the company reported a quarterly EPS of -$16.68, severely negative margins/ROE, and a consensus analyst rating of "Sell".
Workhorse Group, Inc. (NASDAQ:WKHS - Get Free Report) Director Alan Henricks sold 1,894 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $6.51, for a total value of $12,329.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Workhorse Group Stock Down 8.4%
WKHS stock opened at $5.96 on Tuesday. The stock has a market cap of $12.93 million, a P/E ratio of -0.83 and a beta of 2.32. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. The stock's fifty day simple moving average is $10.59 and its two-hundred day simple moving average is $15.06. Workhorse Group, Inc. has a 1-year low of $5.80 and a 1-year high of $153.00.
Workhorse Group (NASDAQ:WKHS - Get Free Report) last announced its earnings results on Monday, November 10th. The company reported ($16.68) earnings per share (EPS) for the quarter, beating the consensus estimate of ($17.40) by $0.72. The firm had revenue of $2.38 million during the quarter, compared to analyst estimates of $2.50 million. Workhorse Group had a negative return on equity of 232.69% and a negative net margin of 606.64%. Analysts expect that Workhorse Group, Inc. will post -3.8 EPS for the current year.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC increased its position in Workhorse Group, Inc. (NASDAQ:WKHS - Free Report) by 32.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 44,684 shares of the company's stock after acquiring an additional 11,073 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Workhorse Group worth $49,000 as of its most recent SEC filing. 15.98% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Workhorse Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".
Read Our Latest Stock Analysis on WKHS
About Workhorse Group
(
Get Free Report)
Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
