Workhorse Group, Inc. (NASDAQ:WKHS):
Workhorse HorseFlyâ¢ Drone Package Delivery System Stars in Featured Live Demo Event at PACK EXPO.
The company is trading down by 5.30% percent from yesterday’s close.
Workhorse Group, Inc., formerly AMP Holding Inc., launched on November 13, 2007, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company offers commercial step vans, medium duty buses, special use vehicles and recreational vehicles. Its products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100. E-GEN is an electric drive, transmission-free system that has a gasoline/propane or compressed natural gas (CNG) engine that functions as an auxiliary generator. The generator only runs when the battery pack falls below a pre-determined depth-of-discharge (DOD) based on the delivery profile associated to the specific route. E-100, an all-electric, medium-duty truck, is its second-generation electric power train. E-100 includes a single electric motor with no transmission and the Lithium Ion batteries giving it a range of approximately 100 miles..
The stock is trading at $2.68 well below $3.04, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $2.98. The 50 day moving average moved down $-0.36 whereas the 200 day average was down by -9.9762%.
In the last earnings report the EPS was $-0.90 and is estimated to be $-0.94 for the current year with 37,324,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $-0.22 with next year’s EPS projected to be $-0.68.
Investors are a little more bearish on Workhorse Group, Inc. recently as evidenced by the change in short interest. The stock saw a rise in short interest of 0.46% as of August 31, 2017 from the last reporting period. Short shares increased 13,785 over that period. With short interest at 3,019,773 and short average daily volume at 220,105, days to cover is 14.0 and the short interest percentage is 0.09% as of August 31.
A few brokerages have weighed in on the stock of late. Cowen & Co. began coverage of WKHS with a rating of “Outperform”.