Will Workhorse Group stock price grow / rise / go up? Yes. The WKHS stock price can go up from 6.545 USD to 12.663 USD in one year.

Is WKHS a good stock to buy?

And WKHS' 7.90x forward Price/Book is 120.4% higher than the 3.59x industry average. WKHS has an overall F rating, which translates to Strong Sell in our POWR Ratings system. ... Of the 63 stocks in the D-rated Auto & Vehicle Manufacturers industry, WKHS is ranked last.

What is the forecast for WKHS?

Stock Price Forecast

The 6 analysts offering 12-month price forecasts for Workhorse Group Inc have a median target of 8.00, with a high estimate of 18.00 and a low estimate of 6.00. The median estimate represents a +2.96% increase from the last price of 7.77.

Will workhorse get the USPS contract?

EV startup Workhorse has filed an official protest after losing the bid to make the United States Postal Service's next-generation mail vehicle in February, a contract that could ultimately be worth some $6 billion. The USPS instead gave that contract to defense contractor Oshkosh.

Is workhorse expected to go up?

Workhorse Group Inc quote is equal to 7.505 USD at 2021-11-02. Based on our forecasts, a long-term increase is expected, the "WKHS" stock price prognosis for 2026-10-30 is 34.420 USD. With a 5-year investment, the revenue is expected to be around +358.62%. Your current $100 investment may be up to $458.62 in 2026.

WKHS Stock Analysis - Workhorse Stock Prediction for Monday

Is workhorse a long term stock?

Workhorse (NASDAQ:WKHS) investors saw their holdings dramatically increase in value starting about this time last year.

Is WKHS undervalued?

PB vs Industry: WKHS is overvalued based on its PB Ratio (4.9x) compared to the US Auto industry average (4.2x).

Is WKHS a hold or sell?

Consensus Rating

The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.

Why is WKHS stock dropping?

Much of the source of the stock's decline this year came in February when the company lost out on a bid for a 10-year contract with the U.S. Postal Service for new-energy vehicles. ... Workhorse had originally told investors it expected to produce 1,800 vehicles in 2021.

What kind of batteries does workhorse use?

The US manufacturer Workhorse will use CATL batteries for its electric delivery vehicles in future. Workhorse now signed an agreement to this effect with Coulomb Solutions, the North American distributor of commercial vehicle battery systems from the Chinese manufacturer.

How many trucks can Workhorse?

Workhorse lowered its 2021 production forecast to 1,000 units, from the 1,800 vehicles it expected earlier. It reported quarterly revenue of $521,000, missing analysts' estimates of $2.6 million by a wide margin, according to Refinitiv IBES.

Will Workhorse go out of business?

Workhorse has missed too many opportunities and its shares now looks poised to, at best, tumble sharply in the next year. At worst, the company could be bankrupt by the middle of 2022.

Does Lordstown own Workhorse?

Workhorse's ties to Lordstown Motors go beyond it holding an equity stake; several former Workhorse executives had followed Mr. Burns to Lordstown Motors after he started the electric-truck firm.

Who beat workhorse for USPS contract?

The Postal Service announced Oshkosh Defense as the winner of the competition to build the mail truck in February. Under the terms of the initial deal, Oshkosh, Wisc.,-based Oshkosh will get a $482 million contract to complete the production design of its mail truck offering.

Who won USPS contract?

Oshkosh Corp. won the U.S. Postal Service contract to replace its fleet of aging mail trucks in a fair competition, and the company can quickly ramp up production of electric vehicles for the agency, according to its chief executive.

Does Oshkosh have electric vehicles?

On June 9, Oshkosh Corp. announced the delivery of its first electric fire truck and unveiled its new Volterra™ electric platform, which was developed by its subsidiary Pierce Manufacturing.

Who supplies batteries to workhorse?

Workhorse Partners with Coulomb Solutions to Supply its CATL Battery System :: Workhorse Group, Inc.

Is workhorse A meme stock?

As Maxim Manturov of Freedom Finance Europe, who identified WKHS as a key potential meme stock for the future acknowledges, Workhorse Group “is a technology company based in the United States that designs, manufactures, builds, and markets battery electric vehicles and aircraft.

Why has workhorse dropped?

There isn't one reason for the tumble, but a number of factors. Workhorse, which lost out to Oshkosh Defense, a division of Oshkosh, on the contract to make the next-generation vehicles for the U.S. Postal Service, has lodged a formal complaint with the Federal Claims Court regarding the bid process.

Does BlackRock own workhorse?

ownership in WKHS / Workhorse Group Inc. This represents 5.9 percent ownership of the company. ...