![]() Dividend Yield A company's dividend expressed as a percentage of its current stock price. Restricted stock typically is that issued to company insiders with limits on when it may be traded. To calculate, start with total shares outstanding and subtract the number of restricted shares. Public Float The number of shares in the hands of public investors and available to trade. Shares Outstanding Number of shares that are currently held by investors, including restricted shares owned by the company's officers and insiders as well as those held by the public. For companies with multiple common share classes, market capitalization includes both classes. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price. Market Capitalization Reflects the total market value of a company. ![]() Earnings Per Share (TTM) A company's net income for the trailing twelve month period expressed as a dollar amount per fully diluted shares outstanding. Buying the stock is also risky because of dilution risks.P/E Ratio (TTM) The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations for the trailing 12 month period. However, shorting this penny stock is highly risky at this point since a short squeeze is possible. Therefore, the shares will likely continue falling as concerns of more capital raising remain. The Relative Strength Index (RSI) has moved slightly below the neutral point. The stock managed to move below the key support level at $1.41, the lowest level on December 29.įurther, the shares have moved below the 25-day and 50-day exponential moving averages (EMA). The daily chart shows that the WKHS stock price has been in a strong bearish trend in the past few months. “If the opportunity arises and market conditions are appropriate, we will raise additional financing in 2023, including through a continuance of our at the market offering.” Workhorse stock price forecast If this happens, the company will need more money than what it has now. In its most recent results, the company said that it was planning to launch several models this year. I suspect that Workhorse Group will need to raise capital in debt or equity in the near term. Today, the number of shares stand at over 162 million. It had over 42 million outstanding shares in 2017. Instead, the company has primarily raised capital by diluting existing shareholders. ![]() Workhorse Group has over $79 million in cash and short-term investments and is operating without any debt. The company’s SG&A revenue jumped to $14.7 million while research costs rose to $7.2 million. The results revealed that revenue in the first quarter came in at $1.7 million, up from the $14k it made in the same period in 2022. Workhorse published its quarterly results this month. ![]() It is a niche company that aims to serve companies in the delivery industry like Fedex and UPS. Workhorse Group is an American company that manufactures Class 4 to Class 6 commercial electric vehicles. At its peak, the stock was trading at $43.11, meaning investors have lost billions in the past few years. The shares dropped to a low of $1.03, the lowest level since May 19th. Workhorse Group ( NASDAQ: WKHS) stock price has been in a strong bearish trend as concerns about electric vehicle companies continued.
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