Workhorse Group (WKHS)

• Market cap: $30.5M
• 1 day: 5.93%
• 5 days: 53.64%
• 1 month: 47.01%
• 3 months: 9.65%
• 6 months: -72.47%
• Year to date: -82.69%
• 1 year: -84.76%
• 5 years: -97.72%
• 10 years: -99.07%
• Sector: Consumer Discretionary
• Industry: Motor Vehicles & Passenger Car Bodies

About: Workhorse Group Inc is a technology company with a vision to pioneer the transition to zero-emission commercial vehicles. Its focus is to provide sustainable and cost-effective solutions to the commercial transportation sector. It designs and manufactures all-electric delivery trucks and drone systems, including the technology that optimizes the way these vehicles operate. It's focused on a core competency of bringing electric delivery vehicle platforms to serve the last-mile delivery market. Its products are marketed under the Workhorse brand.

Employees: 298

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

417% more call options, than puts

Call options by funds: $1.43M | Put options by funds: $276K

5.22% less ownership

Funds ownership: 13.18% [Q2] → 7.96% (-5.22%) [Q3]

13% less funds holding

Funds holding: 104 [Q2] → 90 (-14) [Q3]

42% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 33

56% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 25

56% less capital invested

Capital invested by funds: $3.85M [Q2] → $1.68M (-$2.17M) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $0.25 80% downside
• Avg. target: $0.25 80% downside
• High target: $0.25 80% downside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

TD Cowen Jeffrey Osborne 39% 1-year accuracy 7 / 18 met price target

80% downside $0.25

Hold Maintained

21 Aug 2024