Workhorse Group (NASDAQ:WKHS) Shares Cross Below 50-Day Moving Average – Time to Sell?

Workhorse Group, Inc. (NASDAQ:WKHS)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.75 and traded as low as $4.16. Workhorse Group shares last traded at $4.30, with a volume of 74,886 shares.

Workhorse Group Stock Performance

The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $9.33 million, a PE ratio of -0.05 and a beta of 2.59. The firm’s fifty day moving average price is $5.75 and its two-hundred day moving average price is $11.32.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings results on Monday, November 10th. The company reported ($16.68) earnings per share for the quarter, beating the consensus estimate of ($17.40) by $0.72. The firm had revenue of $2.38 million during the quarter, compared to analyst estimates of $2.50 million. Workhorse Group had a negative return on equity of 232.69% and a negative net margin of 606.64%. As a group, equities research analysts forecast that Workhorse Group, Inc. will post -3.8 EPS for the current year.

Insider Buying and Selling at Workhorse Group

In other Workhorse Group news, Director Jean Botti sold 5,051 shares of Workhorse Group stock in a transaction on Monday, December 15th. The shares were sold at an average price of $6.51, for a total transaction of $32,882.01. Following the sale, the director owned 143 shares of the company’s stock, valued at $930.93. The trade was a 97.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Richard F. Dauch sold 8,564 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $6.51, for a total transaction of $55,751.64. Following the completion of the transaction, the chief executive officer directly owned 1,310 shares in the company, valued at approximately $8,528.10. This represents a 86.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 38,655 shares of company stock valued at $251,644. Corporate insiders own 1.91% of the company’s stock.

Institutional Investors Weigh In On Workhorse Group

A hedge fund recently raised its stake in Workhorse Group stock. Geode Capital Management LLC grew its position in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,684 shares of the company’s stock after buying an additional 11,073 shares during the period. Geode Capital Management LLC owned 0.47% of Workhorse Group worth $49,000 as of its most recent SEC filing. 15.98% of the stock is currently owned by institutional investors and hedge funds.

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.