The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Workhorse Group Inc’s current trading price is -84.89% away from its 52-week high, while its distance from the 52-week low is 4.48%. The stock’s price range for this period has been between $0.20 and $1.39 The company’s shares, which are part of the Consumer Cyclical sector, had a trading volume of approximately 12.52 million for the day, a number notably higher than the average daily volume of 8.45 million over the last three months.
Workhorse Group Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $1.39 on 03/31/23, while the lowest price for the same period was registered at $0.20 on 03/26/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Workhorse Group Inc (WKHS) has experienced a quarterly decline of -44.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 66.11M 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 0.3313, with a change in price of -0.2100. Similarly, Workhorse Group Inc recorded 8,026,827 in trading volume during the last 100 days, posting a change of -50.00%.
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
Workhorse Group Inc’s raw stochastic average for the past 50 days is presently 4.37%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 5.87%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 4.07% and 4.44%, 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 index has shown a price loss of -41.67% this year. Over the last six months, there has been a stronger performance of -51.36%. The price of WKHS leaped by -26.75% during the last 30 days period. For the last 5-days stocks have slided -15.53%.
