When Did Workhorse Go Public?
When did Workhorse Group, Inc. become a public company? On January 4, 2016 the Company was approved by Nasdaq Capital Market and our common stock is now quoted on Nasdaq under the symbol “WKHS”.
What did workhorse IPO at?
$1.15 per share
WKHS is offering 9,000,000 shares of its common stock, par value $0.001 per share, at a price to the public of $1.15 per share.
How long has workhorse been in business?
Workhorse Group
| Formerly | Workhorse Custom Chassis, AMP Electric Vehicles |
|---|---|
| Founded | 1998, Union City, Indiana |
| Founder | Stephen Burns |
| Headquarters | Cincinnati, Ohio, United States |
| Number of locations | 3 |
Is workhorse worth buying?
According to data compiled by Seeking Alpha, the consensus rating for Workhorse Group was buy three rated it a strong buy, another a buy, and four holds. The consensus 12-month price target for the stock is standing at $6.75.
Is workhorse a good long term investment?
If you are looking for stocks with good return, Workhorse Group Inc stock can be a bad, high-risk 1-year investment option. Workhorse Group Inc real time quote is equal to 2.170 USD at 2022-11-24, but your current investment may be devalued in the future.
What is workhorse target price?
Stock Price Targets
| High | $8.00 |
|---|---|
| Median | $4.75 |
| Low | $2.50 |
| Average | $4.67 |
| Current Price | $2.3400 |
Is workhorse undervalued?
Is Workhorse Group Stock Undervalued? The current Workhorse Group [WKHS] share price is $2.34. The Score for WKHS is 12, which is 76% below its historic median score of 50, and infers higher risk than normal. WKHS is currently trading in the 10-20% percentile range relative to its historical Stock Score levels.
Where will Workhorse stock be in 5 years?
Workhorse stock price stood at $2.17
According to the latest long-term forecast, Workhorse price will hit $3 by the middle of 2023 and then $5 by the end of 2024. Workhorse will rise to $10 within the year of 2027.
Is there hope for Workhorse stock?
Even though Workhorse stock’s price looks attractive, it seems best to avoid this stock right now. Irrespective of where the stock’s price may move in 2022, the company’s fundamentals and long-term prospects don’t look very bright as of now.
Who owns the most Workhorse stock?
Top 10 Owners of Workhorse Group Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| BlackRock Fund Advisors | 5.31% | 8,690,805 |
| The Vanguard Group, Inc. | 4.67% | 7,650,949 |
| SSgA Funds Management, Inc. | 4.17% | 6,830,904 |
| Invesco Capital Management LLC | 2.95% | 4,824,227 |
Why is Workhorse stock so low?
So what. In September 2021, Workhorse halted production and deliveries of its commercial vans. It also recalled all 41 of the C-1000 trucks it had already shipped. The company said it needed to alter its vehicle design to certify the C-1000 under Federal Motor Vehicle Safety Standards.
Why did Workhorse drop lawsuit?
We believe that the best way for us to work with any governmental agency is through cooperation, not through litigation. By withdrawing our protest, we can also better focus our time and resources on initiatives that we expect will be more productive for our company,” Dauch said in a Sept.
Has Workhorse sold any trucks?
Workhorse sold 41 of the vans this year before it had finished making sure the C-1000 design complied with federal safety standards. The company suspended further sales until the testing was complete, took back the 41 vehicles and has slowed production to two trucks a week.
Is Workhorse being sued?
The settlement class in the class action consists of purchasers of Workhorse stock or other securities between March 10, 2020 and May 10, 2021 seeking to recover damages under the federal securities laws for statements made by Workhorse during that time period.
Has Workhorse sold any vehicles?
Workhorse sold 41 vans this year before it had finished ensuring the design was in compliance with federal safety standards set by the National Highway Transportation and Safety Administration (NHTSA).
Who is Workhorse owned by?
Workhorse Group (NASDAQ: WKHS) is owned by 32.09% institutional shareholders, 34.07% Workhorse Group insiders, and 33.84% retail investors. Joseph Theodore Lukens Jr. is the largest individual Workhorse Group shareholder, owning 36.06M shares representing 21.97% of the company.
What is the future for WKHS?
Based on 4 Wall Street analysts offering 12 month price targets for Workhorse Group in the last 3 months. The average price target is $6.50 with a high forecast of $11.00 and a low forecast of $3.50. The average price target represents a 149.04% change from the last price of $2.61.
What is the short interest on workhorse?
27.19%
WKHS – Short Interest – Workhorse Group Inc Stock – Short Squeeze, Borrow Rates
| Short Interest | shares – source: NASDAQ |
|---|---|
| Short Interest Ratio | 13.30 Days to Cover |
| Short Interest % Float | 27.19% – source: NASDAQ (short interest), Capital IQ (float) |
| Off-Exchange Short Volume | 1,117,279 shares – source: FINRA (inc. Dark Pool volume) |
Does Ark still own workhorse?
ARK Autonomous Technology & Robotics ETF (NYSEARCA: ARKQ) sold 1,507,061 shares of Workhorse.
Cathie Wood’s ARK Invest Sells Over 1.5 Million Shares of Workhorse.
| Fund | ARKQ |
|---|---|
| Ticker | GOOG |
| Company | ALPHABET INC |
| Shares | 1,861 |
Who is workhorse competitors?
Workhorse’s competitors and similar companies include UAVOS, SpektreWorks, Ascent Aerosystems and Infinium Robotics. Workhorse is a company that specializes in electric delivery drones and trucks.
How much cash does workhorse have?
Compare WKHS With Other Stocks
| Workhorse Annual Cash on Hand (Millions of US $) | |
|---|---|
| 2020 | $241 |
| 2019 | $25 |
| 2018 | $2 |
| 2017 | $4 |
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