Workhorse Group (NASDAQ:WKHS) issued its quarterly earnings results on Wednesday. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.02, MarketWatch Earnings reports. The company had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.60 million. Workhorse Group had a negative return on equity of 1,564.64% and a negative net margin of 403.52%.
Shares of Workhorse Group stock traded up $0.06 on Thursday, hitting $0.81. 300 shares of the company’s stock traded hands, compared to its average volume of 270,965. Workhorse Group has a one year low of $0.70 and a one year high of $3.45. The firm has a market cap of $46.42 million, a price-to-earnings ratio of -0.73 and a beta of 0.12.
WKHS has been the topic of several research analyst reports. Cowen cut their target price on Workhorse Group from $5.50 to $4.00 and set an “outperform” rating on the stock in a research report on Friday, July 13th. B. Riley cut their target price on Workhorse Group from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, July 11th. Finally, Zacks Investment Research upgraded Workhorse Group from a “sell” rating to a “hold” rating in a research report on Thursday, September 20th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Workhorse Group currently has an average rating of “Buy” and a consensus price target of $4.67.
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Workhorse Group Company Profile
Workhorse Group Inc designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States. It operates through two divisions, Automotive and Aviation. The company also develops cloud-based and real-time telematics performance monitoring system that enables fleet operators to optimize energy and route efficiency.
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