Workhorse Group (NASDAQ:WKHS) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Workhorse Group, Inc. (NASDAQ:WKHS)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.24 and traded as low as $2.74. Workhorse Group shares last traded at $2.80, with a volume of 202,275 shares.

Workhorse Group Trading Up 1.8%

The company has a market cap of $29.26 million, a price-to-earnings ratio of -0.03 and a beta of 2.64. The business has a fifty day simple moving average of $3.24 and a 200 day simple moving average of $6.68. The company has a quick ratio of 0.53, a current ratio of 1.54 and a debt-to-equity ratio of 0.13.

Workhorse Group (NASDAQ:WKHS) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($2.35) earnings per share for the quarter, topping analysts’ consensus estimates of ($8.88) by $6.53. The business had revenue of $12.52 million for the quarter, compared to analysts’ expectations of $2.00 million. Workhorse Group had a negative net margin of 363.15% and a negative return on equity of 239.58%. On average, equities analysts anticipate that Workhorse Group, Inc. will post -3.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC raised its stake in Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,684 shares of the company’s stock after buying an additional 11,073 shares during the period. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Workhorse Group Company Profile

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.