Workhorse Group (NASDAQ:WKHS) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Workhorse Group, Inc. (NASDAQ:WKHS)’s share price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.10 and traded as low as $2.83. Workhorse Group shares last traded at $2.87, with a volume of 227,810 shares.

Wall Street Analyst Weigh In

WKHS has been the subject of several recent research reports. Weiss Ratings raised Workhorse Group from a “sell (e-)” rating to a “sell (e)” rating in a research report on Monday, June 1st. Wall Street Zen downgraded Workhorse Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Workhorse Group currently has an average rating of “Sell”.

Workhorse Group Stock Performance

The firm has a market cap of $31.25 million, a PE ratio of -0.09 and a beta of 2.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.23 and a quick ratio of 0.25. The stock has a 50-day moving average price of $3.10 and a 200 day moving average price of $4.32.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($1.99) EPS for the quarter, missing analysts’ consensus estimates of ($1.47) by ($0.52). The business had revenue of $4.33 million during the quarter, compared to analysts’ expectations of $8.52 million. Workhorse Group had a negative net margin of 299.18% and a negative return on equity of 255.45%. Research analysts forecast that Workhorse Group, Inc. will post -5.25 earnings per share for the current year.

Institutional Investors Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC increased its holdings in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to the company in 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 period. 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 hedge funds and other institutional investors.

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.