Lessons from Workhorse Group Inc. (NASDAQ:WKHS)’s trend

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Workhorse Group Inc. (NASDAQ:WKHS), a last-mile delivery technology company that is an original equipment manufacturer of medium-duty, battery-electric trucks and fully integrated unmanned aerial delivery drones, will host an investor conference call to discuss its financial results for first quarter 2017 at 11:00 AM ET on Wednesday, May 10, 2017. The Company will release its financial results before the open of market that day.

Equity ownership in Workhorse Group Inc. (NASDAQ:WKHS) is spread out. As per the latest figures, insiders own 11.90% of the company. That compares with institutional ownership of 9.10%.

In terms of transactions along the lines of equity ownership, the company has seen – insider transactions and 2.04% institutional transactions in the recent months.

The Barchart Technical Opinion rating is a 32% Buy with a Average short term outlook on maintaining the current direction. Longer term, the trend strength is Weak. Long term indicators are in flux.

Workhorse Group Inc. has 28.03M shares outstanding of which 23.43M float. The short float is 8.68%, implying a short ratio of 5.20.

In terms of stock price performance, shares of Workhorse Group Inc. have moved 77.45%% over the last one week and have moved 58.77%% over the last one month. Stock performance for the last one quarter is 28.83%% and for the last six months is -44.65%%. Over the last 12 months shares of Workhorse Group Inc. have moved -53.59%% and their movement so far this year is -48.73%%.

What has Workhorse Group Inc. produced for investors over the last 12 months? The company?s financial documents reveal return on assets for the trailing 12 months is -189.20%% and return on equity for the same period is -349.80%%. Return on investments for the last 12 months stands at -314.70%%.

Where does Workhorse Group Inc. stands in terms of liquidity and balance sheet strength? The company?s current ratio for the most recent quarter is 0.90 and quick ratio for the same period is 0.30. The company?s Long Term Debt/Equity and Total Debt/Equity ratios for the most recent quarter are 0.55 and 0.63, respectively.

Other performance indicators worth keeping in mind in this stock is that its P/Cash for the most recent quarter is 202.94.

Analysts who have weighed on the stock have an average price target of $7.00 on it and average recommendation of 2.00.

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