Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Workhorse Group Inc’s current trading price is -84.10% away from its 52-week high, while its distance from the 52-week low is 9.20%. The stock’s price range over this period has fluctuated between $0.23 and $1.56. The company, operating within the financial sector, had a trading volume of approximately 6.37 million for the day, which was noticeably lower than the average daily share volume of 8.25 million over the last 3 months.
Workhorse Group Inc’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $1.56 on 03/20/23 and a low of $0.23 for the same time frame on 02/13/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Workhorse Group Inc (WKHS) has experienced a quarterly decline of -34.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 78.08M and boasts a workforce of 298 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.3403, with a change in price of -0.1546. Similarly, Workhorse Group Inc recorded 7,338,668 in trading volume during the last 100 days, posting a change of -37.89%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for WKHS stands at 0.35. Similarly, the long-term debt-to-equity ratio is also 0.06.
WKHS Stock Stochastic Average
Today’s raw stochastic average for Workhorse Group Inc over the last 50 days is 14.46%.This indicates a increase from the raw stochastic average of the past 20 days, which was 2.75%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 5.59% and 11.68%, respectively.
WKHS Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The metric has seen a significant loss of -31.11% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -58.42%. Over the past 30 days, the price of WKHS has leaped by -8.76%. And in the last five days, it has fallen by -21.62%.
