Workhorse Group (NASDAQ:WKHS) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Workhorse Group, Inc. (NASDAQ:WKHS)’s share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $3.00 and traded as low as $2.95. Workhorse Group shares last traded at $3.10, with a volume of 67,875 shares.

Analyst Ratings Changes

Several research firms have commented on WKHS. Weiss Ratings restated a “sell (e)” rating on shares of Workhorse Group in a report on Thursday, August 27th. Wall Street Zen downgraded Workhorse Group from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Workhorse Group has an average rating of “Sell”.

Workhorse Group Stock Down 1.3%

The firm has a market capitalization of $33.23 million, a P/E ratio of -0.25 and a beta of 2.61. The stock has a fifty day moving average price of $3.01 and a two-hundred day moving average price of $3.08. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.41 and a current ratio of 1.28.

Workhorse Group (NASDAQ:WKHS) last issued its earnings results on Thursday, August 13th. The company reported ($1.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($0.91). Workhorse Group had a negative return on equity of 311.04% and a negative net margin of 357.61%.The business had revenue of $3.56 million during the quarter, compared to the consensus estimate of $5.33 million.

Institutional Trading of Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC increased its stake in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Workhorse Group worth $49,000 at the end of the most recent quarter. Institutional investors own 15.98% of the company’s stock.

Workhorse Group Company Profile

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.