BTIG analyst Gregory Lewis maintained a Buy rating on Workhorse Group (WKHS – Research Report) on July 8 and set a price target of $11.00. The company’s shares closed last Monday at $2.74, close to its 52-week low of $2.11.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
According to TipRanks.com, Lewis has 0 stars on 0-5 stars ranking scale with an average return of -7.9% and a 38.3% success rate. Lewis covers the Industrial Goods sector, focusing on stocks such as Eagle Bulk Shipping, Chart Industries, and Scorpio Tankers.
Workhorse Group has an analyst consensus of Moderate Buy, with a price target consensus of $6.25.
See today’s best-performing stocks on TipRanks >>
Based on Workhorse Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $14.3K and GAAP net loss of $22.05 million. In comparison, last year the company earned revenue of $521.1K and had a GAAP net loss of $121 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft. It develops cloud-based, real-time telematics performance monitoring systems. The firm operates in two divisions, Automotive and Aviation. The Automotive division operates as a original equipment manufacturer of class 3-6 commercial-grade, medium-duty truck chassis, marketed under the Workhorse brand. The Aviation division offers delivery drones and SureFly multicopter. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.
Read More on WKHS: