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Workhorse Group Inc’s Mixed Bag: Down -72.28% in 6 Months, Down -22.32% in 30 Days

Workhorse Group Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $2.32 on 02/16/23, while the lowest price during the same period was $0.23 on 02/08/24.

52-week price history of WKHS Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Workhorse Group Inc’s current trading price is -89.26% away from its 52-week high, while its distance from the 52-week low is 8.24%. The stock’s price range for this period has remained between $0.23 and $2.32. The Consumer Cyclical sector company’s shares managed to surpass a trading volume of around 3.17 million for the day, which was noticeably higher compared to the shares’ average daily volume of 0.84 over the last three months.

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Financial Performance and Market Capitalization

Workhorse Group Inc (WKHS) has experienced a quarterly decline of -34.11% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 64.97M.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3729, with a change in price of -0.3002. Similarly, Workhorse Group Inc recorded 7,894,961 in trading volume during the last 100 days, posting a change of -54.58%.

WKHS Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for WKHS stands at 0.08. Similarly, the long-term debt-to-equity ratio is also 0.07.

WKHS Stock Stochastic Average

As of today, the raw stochastic average of Workhorse Group Inc over the last 50 days is at 9.43%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 21.82%. Further, the company’s Stochastic %K and %D values for the last 20 days were 16.18% and 12.13%, respectively.

WKHS Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The index has shown a price loss of -30.82% this year. Over the last six months, there has been a stronger performance of -72.28%. The price of WKHS leaped by -22.32% during the last 30 days period. For the last 5-days stocks have slided -4.32%.

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