In a report released on December 28, Gregory Lewis from BTIG maintained a Hold rating on Workhorse Group (WKHS – Research Report). The company’s shares closed last Friday at $0.36.
According to TipRanks, Lewis is an analyst with an average return of -1.2% and a 47.42% success rate. Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean.
Currently, the analyst consensus on Workhorse Group is a Hold with an average price target of $0.88.
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WKHS market cap is currently $93.92M and has a P/E ratio of -0.55.
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Workhorse Group (WKHS) Company Description:
Workhorse Group, Inc. engages in designing and build performance battery-electric vehicles and aircraft. It develops cloud-based, real-time telematics performance monitoring systems. The firm operates in two divisions, Automotive and Aviation. The Automotive division operates as a original equipment manufacturer of class 3-6 commercial-grade, medium-duty truck chassis, marketed under the Workhorse brand. The Aviation division offers delivery drones and SureFly multicopter. The company was founded by Stephen S. Burns on February 20, 2007 and is headquartered in Loveland, OH.
Read More on WKHS:
- Largest borrow rate increases among liquid names
- Workhorse Highlights Achievements in 2023 Year-End Letter to Shareholders
- Workhorse Group highlights achievements in 2023 year-end letter to shareholders
- Workhorse Group Receives First Fleet Order for W56 Step Van
- Workhorse Group receives first fleet order for W56 step van
