Workhorse Group (NASDAQ:WKHS) Stock Price Crosses Below Fifty Day Moving Average – Time to Sell?

Workhorse Group, Inc. (NASDAQ:WKHS) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.45 and traded as low as $5.19. Workhorse Group shares last traded at $5.31, with a volume of 73,695 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Workhorse Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Workhorse Group Price Performance

The firm has a market cap of $11.52 million, a P/E ratio of -0.06 and a beta of 2.41. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.71. The company’s 50-day moving average is $7.45 and its two-hundred day moving average is $14.06.

Workhorse Group (NASDAQ:WKHS) last released its earnings results on Monday, November 10th. The company reported ($16.68) EPS for the quarter, beating the consensus estimate 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 analyst estimates of $2.50 million. Sell-side analysts anticipate that Workhorse Group, Inc. will post -3.8 EPS for the current fiscal year.

Insider Buying and Selling at Workhorse Group

In other Workhorse Group news, Director Jean Botti sold 5,051 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $6.51, for a total transaction of $32,882.01. Following the completion of the sale, the director directly owned 143 shares in the company, valued at $930.93. This represents a 97.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Pamela S. Mader sold 5,051 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $6.51, for a total value of $32,882.01. Following the completion of the sale, the director directly owned 140 shares in the company, valued at approximately $911.40. This represents a 97.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 38,655 shares of company stock valued at $251,644. 1.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC raised its stake in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,684 shares of the company’s stock after acquiring an additional 11,073 shares during the quarter. 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.