Workhorse Group (NASDAQ:WKHS) Stock Price Passes Below 50 Day Moving Average – Here’s What Happened

Workhorse Group, Inc. (NASDAQ:WKHS) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.75 and traded as low as $4.16. Workhorse Group shares last traded at $4.30, with a volume of 74,886 shares traded.

Workhorse Group Stock Performance

The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $5.75 and a 200 day moving average price of $11.32. The stock has a market cap of $9.33 million, a P/E ratio of -0.05 and a beta of 2.59.

Workhorse Group (NASDAQ:WKHS) last posted its quarterly earnings results on Monday, November 10th. The company reported ($16.68) EPS for the quarter, topping analysts’ consensus estimates of ($17.40) by $0.72. Workhorse Group had a negative net margin of 606.64% and a negative return on equity of 232.69%. The firm had revenue of $2.38 million for the quarter, compared to analysts’ expectations of $2.50 million. As a group, sell-side analysts expect that Workhorse Group, Inc. will post -3.8 EPS for the current year.

Insider Transactions at Workhorse Group

In other Workhorse Group news, CEO Richard F. Dauch sold 8,564 shares of Workhorse Group stock in a transaction on Monday, December 15th. The shares were sold at an average price of $6.51, for a total value of $55,751.64. Following the transaction, the chief executive officer directly owned 1,310 shares of the company’s stock, valued at approximately $8,528.10. The trade was a 86.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond Joseph Chess sold 6,314 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $6.51, for a total value of $41,104.14. Following the transaction, the director owned 215 shares in the company, valued at approximately $1,399.65. This trade represents a 96.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 38,655 shares of company stock worth $251,644. Company insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC grew its stake in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 44,684 shares of the company’s stock after buying an additional 11,073 shares during the quarter. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 as of its most recent SEC filing. 15.98% of the stock is currently owned by institutional investors and hedge funds.

About Workhorse Group

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.