Workhorse Group (NASDAQ:WKHS) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of Workhorse Group Inc. (NASDAQ:WKHS) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.78 and traded as high as $0.81. Workhorse Group shares last traded at $0.79, with a volume of 746,139 shares traded.

Analysts Set New Price Targets

Separately, TD Cowen lowered their target price on Workhorse Group from $3.00 to $0.25 and set a “hold” rating on the stock in a research note on Wednesday, August 21st.

Workhorse Group Stock Performance

The company has a market capitalization of $15.28 million, a price-to-earnings ratio of -0.08 and a beta of 2.52. The firm has a fifty day moving average price of $0.77 and a 200-day moving average price of $2.02.

Workhorse Group (NASDAQ:WKHS) last released its earnings results on Monday, August 19th. The company reported ($1.40) EPS for the quarter, meeting the consensus estimate of ($1.40). Workhorse Group had a negative net margin of 1,366.25% and a negative return on equity of 163.23%. The firm had revenue of $0.84 million for the quarter, compared to analyst estimates of $3.00 million. During the same period last year, the firm earned ($2.40) EPS. On average, sell-side analysts forecast that Workhorse Group Inc. will post -4.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new position in shares of Workhorse Group in the 2nd quarter valued at $55,000. Sei Investments Co. bought a new stake in shares of Workhorse Group in the second quarter worth $69,000. Vanguard Group Inc. increased its holdings in Workhorse Group by 4.6% in the first quarter. Vanguard Group Inc. now owns 10,323,640 shares of the company’s stock valued at $2,422,000 after purchasing an additional 453,085 shares during the period. Price T Rowe Associates Inc. MD raised its position in Workhorse Group by 83.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock worth $78,000 after purchasing an additional 149,960 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Workhorse Group in the 1st quarter valued at about $303,000. Institutional investors and hedge funds own 15.98% of the company’s stock.

Workhorse Group Company Profile

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.