(WKHS) Workhorse - Ratings and Ratios

Workhorse Group Inc. (NASDAQ:WKHS) is a technology-driven manufacturer specializing in zero-emission commercial vehicles, targeting the last-mile delivery sector. Founded in 2007 and headquartered in Sharonville, Ohio, the company rebranded from AMP Holding Inc. in 2015. Known for its electric delivery vans and drone systems, Workhorse aims to revolutionize the logistics industry with sustainable solutions. Their product lineup includes the W-15 electric pickup truck and the N-GEN van series, alongside the HorseFly drone system for autonomous deliveries. Recent news highlights their focus on expanding production and competing with major players like Tesla and Ford in the EV space.

As of the latest data, WKHS trades at $0.35 with a market capitalization of $15.87 million. The stock shows a price-to-book ratio of 0.37, potentially indicating undervaluation, while its price-to-sales ratio of 1.74 reflects its revenue growth prospects despite current losses. The average 20-day volume is 2.17 million shares, with the stock priced below its 20-day SMA of $0.47 and 50-day SMA of $0.59, suggesting bearish momentum. The 200-day SMA stands at $1.22, indicating a significant decline over the past year. The Average True Range (ATR) of $0.05 signals low volatility.

3-Month Forecast: Technically, WKHS may face resistance at $0.47 (SMA20) and $0.59 (SMA50), with support near $0.30. Low ATR of $0.05 suggests minimal price fluctuations, potentially ranging between $0.30 and $0.50. A break above $0.59 could signal a bullish reversal, while a drop below $0.30 may indicate further decline. Fundamentally, the low P/B ratio of 0.37 may attract value investors, though the lack of profitability (P/E: 0.00) and higher P/S ratio of 1.74 could deter growth investors. Risks include intense competition, production scalability challenges, and reliance on government incentives for demand.