Blurbs

R.F. Lafferty Sticks to Its Buy Rating for Workhorse Group (WKHS)

In a report released today, Jaime Perez from R.F. Lafferty maintained a Buy rating on Workhorse Group (WKHSResearch 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.

See the top stocks recommended by analysts >>

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

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:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More