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

Workhorse Group, Inc. (NASDAQ:WKHS) shares crossed 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 trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on WKHS shares. Weiss Ratings reaffirmed a “sell (e)” rating on shares of Workhorse Group in a report on Thursday, August 27th. Wall Street Zen cut Workhorse Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Workhorse Group Price Performance

The company has a 50-day moving average of $3.00 and a 200-day moving average of $3.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.41 and a current ratio of 1.28. The stock has a market cap of $33.88 million, a price-to-earnings ratio of -0.25 and a beta of 2.61.

Workhorse Group (NASDAQ:WKHS) last released 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 net margin of 357.61% and a negative return on equity of 311.04%. The company had revenue of $3.56 million during the quarter, compared to analyst estimates of $5.33 million.

Hedge Funds Weigh In On Workhorse Group

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

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.