Workhorse Group Inc (NASDAQ:WKHS) shares, rose in value on Wednesday, June 18, with the stock price up by 1.57% to the previous day’s close as strong demand from buyers drove the stock to $0.99.
Actively observing the price movement in the last trading, the stock closed the session at $0.97. Referring to stock’s 52-week performance, its high was $28.12, and the low was $0.81. On the whole, WKHS has fluctuated by 13.58% over the past month.
With the market capitalization of Workhorse Group Inc currently standing at about $9.33 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-15.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WKHS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of WKHS currently trading nearly 4.33% and -6.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 46.41, while the 7-day volatility ratio is showing 3.12% which for the 30-day chart, stands at 5.33%. Furthermore, Workhorse Group Inc (WKHS)’s beta value is 2.47, and its average true range (ATR) is 0.09.
A comparison of Workhorse Group Inc (WKHS) with its peers suggests the former has fared considerably weaker in the market. WKHS showed an intraday change of 1.57% in last session, and over the past year, it shrunk by -97.37%%.
Data on historical trading for Workhorse Group Inc (NASDAQ:WKHS) indicates that the trading volumes over the past 3 months, they’ve averaged 630.24K. According to company’s latest data on outstanding shares, there are 9.47 million shares outstanding.
Nearly 0.46% of Workhorse Group Inc’s shares belong to company insiders and institutional investors own 2.29% of the company’s shares. The stock has fallen by -88.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WKHS stock heading into the next quarter.
