Workhorse Group (NASDAQ:WKHS) Upgraded by StockNews.com to Sell Rating

Posted by Doug Madison on Jan 5th, 2025

StockNews.com upgraded shares of Workhorse Group (NASDAQ:WKHS – Free Report) to a sell rating in a report published on Thursday.

Separately, TD Cowen raised their price objective on Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a research note on Wednesday, November 20th.

Read Our Latest Report on Workhorse Group

Workhorse Group Price Performance

NASDAQ WKHS opened at $0.85 on Thursday. The company has a market capitalization of $34.68 million, a P/E ratio of -0.11 and a beta of 2.70. Workhorse Group has a 12 month low of $0.57 and a 12 month high of $8.18. The company’s 50 day simple moving average is $0.95 and its 200 day simple moving average is $1.06.

Institutional Trading of Workhorse Group

A number of hedge funds have recently bought and sold shares of WKHS. Jane Street Group LLC lifted its holdings in shares of Workhorse Group by 91.6% in the third quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock valued at $35,000 after purchasing an additional 19,473 shares in the last quarter. Virtu Financial LLC acquired a new position in Workhorse Group during the third quarter valued at $51,000. Cubist Systematic Strategies LLC purchased a new stake in Workhorse Group in the 2nd quarter worth about $55,000. Sei Investments Co. acquired a new stake in Workhorse Group during the 2nd quarter worth about $69,000. Finally, Geode Capital Management LLC boosted its position in Workhorse Group by 76.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock worth $246,000 after acquiring an additional 123,150 shares during the period. 15.98% of the stock is owned by hedge funds and other institutional investors.

About Workhorse Group

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Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.