In a report released today, Jaime Perez from R.F. Lafferty maintained a Buy rating on Workhorse Group (WKHS – Research Report), with a price target of $5.00. The company’s shares closed yesterday at $2.79.
According to TipRanks, Perez is an analyst with an average return of -16.5% and a 26.97% success rate. Perez covers the Consumer Goods sector, focusing on stocks such as Workhorse Group, Lordstown Motors, and Fisker.
Currently, the analyst consensus on Workhorse Group is a Moderate Buy with an average price target of $5.00.
Based on Workhorse Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $12.56 thousand and a GAAP net loss of $21.16 million. In comparison, last year the company earned a revenue of $1.2 million and had a GAAP net loss of $43.62 million
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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:
- Workhorse Group Drops As Q3 Earnings Fall Short of Estimates
- Workhorse Group Reports Third Quarter 2022 Results
- Notable companies reporting before tomorrow’s open
- Workhorse Group Announces Proposed Settlements of Class Action Lawsuit and Related Shareholder Derivative Actions
- Workhorse Group Sets Third Quarter 2022 Earnings Call for Tuesday, November 8, 2022 at 10:00 a.m. ET