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Workhorse Group Inc Stock Research

WKHS

0.52USD-0.04(-7.27%)Market Closed
Watchlist

Market Summary

USD0.52-0.04
Market Closed
-7.27%

WKHS Stock Price

WKHS RSI Chart

WKHS Valuation

Market Cap

105.7M

Price/Earnings (Trailing)

-0.87

Price/Sales (Trailing)

9.91

EV/EBITDA

-0.37

Price/Free Cashflow

-0.84

WKHS Price/Sales (Trailing)

WKHS Profitability

Operating Margin

-677.95%

EBT Margin

-2393.33%

Return on Equity

-114.69%

Return on Assets

-66.28%

Free Cashflow Yield

-119.66%

WKHS Fundamentals

WKHS Revenue

Revenue (TTM)

10.7M

Revenue Y/Y

715.98%

Revenue Q/Q

133.32%

WKHS Earnings

Earnings (TTM)

-122.1M

Earnings Y/Y

-8.78%

Earnings Q/Q

7.93%

Price Action

52 Week Range

0.513.05
(Low)(High)

Last 7 days

-18.2%

Last 30 days

-35.4%

Last 90 days

-41.2%

Trailing 12 Months

-82.5%

WKHS Financial Health

Current Ratio

2.04

WKHS Investor Care

Shares Dilution (1Y)

28.98%

Diluted EPS (TTM)

-0.73

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for WKHS

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-15
Harrington James D.
sold (taxes)
-2,917
0.5965
-4,891
general counsel
2023-09-01
DAUCH RICHARD F
sold (taxes)
-28,245
0.7519
-37,566
chief executive officer
2023-08-21
Roraff Kerry
sold (taxes)
-1,899
0.7973
-2,383
chief human resources officer
2023-07-04
GINNAN ROBERT M
sold (taxes)
-4,840
0.9897
-4,891
chief financial officer
2023-06-27
Harrington James D.
sold (taxes)
-1,411
0.7974
-1,770
general counsel
2023-05-02
Budde Gerald B.
back to issuer
-
-
-24,752
-
2023-05-02
DeMott Harry
back to issuer
-
-
-24,752
-
2023-05-02
Samuels H. Benjamin
back to issuer
-
-
-24,752
-
2023-05-02
Declet Brandon Torres
acquired
99,999
0.893
111,982
-
2023-05-02
CLARK MICHAEL L.
back to issuer
-
-
-24,752
-

1–10 of 50

Which funds bought or sold WKHS recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
unchanged
-
-138
261
-%
2023-08-21
VisionPoint Advisory Group, LLC
new
-
4.00
4.00
-%
2023-08-21
VitalStone Financial, LLC
new
-
-
-
-%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-72.49
-218,790
48,113
-%
2023-08-21
OSAIC HOLDINGS, INC.
reduced
-7.13
-68,842
113,964
-%
2023-08-16
TD Capital Management LLC
unchanged
-
-550
1,046
-%
2023-08-16
CASTLEARK MANAGEMENT LLC
reduced
-50.00
-6,742
3,286
-%
2023-08-16
Nuveen Asset Management, LLC
reduced
-59.67
-1,194,830
429,166
-%
2023-08-15
Tyler-Stone Wealth Management
new
-
1,000
1,000
-%
2023-08-15
WELLS FARGO & COMPANY/MN
reduced
-10.57
-201,493
285,285
-%

1–10 of 45

Latest Funds Activity

Are funds buying WKHS calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own WKHS
No. of Funds

Schedule 13G FIlings of Workhorse Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
5.40%
8,857,480
SC 13G
Jan 31, 2023
blackrock inc.
7.0%
11,538,946
SC 13G/A
Feb 03, 2022
blackrock inc.
5.5%
8,653,590
SC 13G/A
Nov 12, 2021
cowen and company, llc
0.25%
344,712
SC 13G
Feb 16, 2021
marathon asset management lp
0.95%
1,153,184
SC 13G/A
Feb 12, 2021
seaport global asset management llc
3.20%
3,856,754
SC 13G/A
Feb 02, 2021
blackrock inc.
5.9%
7,097,121
SC 13G
Sep 11, 2020
lukens joseph theodore jr
1.8%
1,870,578
SC 13D/A
Aug 03, 2020
arosa capital management lp
4.8%
5,161,706
SC 13D/A
Jul 17, 2020
arosa capital management lp
6.3%
5,968,706
SC 13D/A

Recent SEC filings of Workhorse Group

View All Filings
Date Filed Form Type Document
Sep 18, 2023
4
Insider Trading
Sep 13, 2023
8-K
Current Report
Sep 06, 2023
8-K
Current Report
Sep 05, 2023
4
Insider Trading
Sep 01, 2023
8-K
Current Report
Aug 28, 2023
8-K
Current Report
Aug 25, 2023
DEFA14A
DEFA14A
Aug 25, 2023
DEFA14A
DEFA14A
Aug 23, 2023
4
Insider Trading
Aug 22, 2023
DEFA14A
DEFA14A

Peers (Alternatives to Workhorse Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
833.5B
94.0B
13.54% -14.95%
68.34
8.86
39.99% 28.15%
46.0B
169.7B
-0.21% -14.62%
4.5
0.27
28.48% 17.97%
28.8B
19.3B
5.48% 9.48%
30.19
1.49
20.28% 442.05%
9.6B
16.9B
3.29% 13.92%
10.13
0.57
14.72% 48.05%
MID-CAP
8.2B
9.8B
1.97% 32.01%
21.15
0.84
19.51% 15.13%
8.0B
22.5B
-4.12% 1.94%
15.39
0.36
15.59% 362.44%
7.2B
2.1B
0.81% 23.88%
22.03
3.62
21.15% 13.96%
3.5B
15.3B
-2.02% 14.70%
30.37
0.23
15.66% -85.53%
SMALL-CAP
844.3M
6.0B
-0.55% -12.50%
19.5
0.14
12.58% 274.60%
549.3M
966.1M
-5.58% 9.43%
-58.32
0.57
16.77% 70.13%
261.8M
-
7.06% 66.19%
-61.64
-
- 72.10%
261.0M
2.7B
-3.80% 98.69%
-0.93
0.1
15.58% 12.70%
105.7M
10.7M
-35.41% -82.48%
-0.87
9.91
271.05% 56.47%

Workhorse Group News

Nasdaq
Workhorse Stock Analysis: Buy, Sell, or Hold?.
Nasdaq,
3 hours ago
Marketscreener.com
Workhorse Begins Production of W56 Chassis.
Marketscreener.com,
13 days ago
The Motley Fool
The Motley Fool
What's Going on With Workhorse Stock?.
The Motley Fool,
17 days ago
Yahoo Finance

Returns for WKHS

Cumulative Returns on WKHS

-33.1%


7-Year Cumulative Returns

-13.6%


5-Year Cumulative Returns

-74.4%


3-Year Cumulative Returns

Risks for WKHS

What is the probability of a big loss on WKHS?

100%


Probability that Workhorse Group stock will be more than 20% underwater in next one year

100%


Probability that Workhorse Group stock will be more than 30% underwater in next one year.

98.8%


Probability that Workhorse Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WKHS drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Workhorse Group was unfortunately bought at previous high price.

Drawdowns

Financials for Workhorse Group

Income Statement (Last 12 Months)
Income Statement (Last 12 Months)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q22018Q12017Q4
Revenue36.0%10,662,6817,842,8775,023,0723,948,3492,873,6271,798,9042,940,2131,829,2791,392,519743,563183,11496,680376,562395,211401,950567,126763,1736,255,3339,529,3369,628,65210,638,460
Gross Profit-4.5%-33,828,153-32,374,888-32,649,236-116,804,200-120,963,240-37,764,243-27,888,989-15,715,153-11,674,589-7,424,231-6,593,342-6,098,580-5,468,329-14,462,931-14,509,110-15,069,675-15,190,392-10,242,532-13,268,789-12,527,493-14,115,403
Operating Expenses1.0%103,431,185102,426,12796,433,62893,370,26565,871,27741,968,26036,151,82332,588,11129,306,58928,139,05324,766,37022,413,46618,398,60815,286,68915,907,42917,592,56218,877,17519,557,29822,637,81326,152,82226,557,948
  S&GA Expenses1.3%76,972,04675,999,67273,220,08875,383,26151,209,83029,163,68524,534,15721,477,70120,157,65819,026,11015,627,45813,674,43110,199,5349,357,38010,169,07711,176,22511,485,48210,276,7959,722,3889,320,7768,820,211
  R&D Expenses0.1%26,459,13926,426,45523,213,54017,987,00414,661,44712,804,57511,617,66611,110,4109,148,9319,112,9439,138,9128,739,0358,199,0745,929,3095,738,3526,416,3377,391,6939,280,50312,915,42516,832,04617,737,737
EBITDA100.0%--117,017,363-117,166,888-270,768,615-300,940,12054,978,383-38,380,795142,080,824282,940,411-389,455,105-236,728,65914,713,107-7,628,736--------
EBITDA Margin100.0%--23.30-23.33-61.82-16730.56-13.0565.58203-73.85-25.861.13---------
Interest Expenses64.2%1,536,686935,767-1,837,882-37,976,043-19,404,62918,159,510-74,755,264-188,623,353-190,520,337-238,367,078-158,169,353-17,899,784-29,145,69025,757,99919,083,0463,686,4452,434,749355,2201,174,983670,673180,437
Earnings Before Taxes-1.5%-122,076,124-120,218,720-117,274,218-234,737,008-283,366,41235,241,16735,145,350-51,285,52591,610,429-210,050,808-137,413,673-26,141,964-37,162,827-50,423,945-52,648,744-25,056,688-36,502,316----
EBT Margin100.0%--23.93-23.35-53.60-15719.5911.95-23.6765.79-39.83-15.01-2.01---------
Net Income-1.5%-122,076,124-120,218,720-117,274,218-234,723,849-280,433,76235,241,16732,225,859-55,486,96369,776,499-210,050,808-137,413,673-26,141,964-37,162,827-55,507,619-49,499,585-36,348,682-36,502,316-31,268,359-38,194,894-40,464,297-41,967,097
Net Income Margin100.0%--23.93-23.35-53.59-15519.5910.96-25.6150.11-39.83-15.01-2.01---------
Free Cashflow100.0%--115,131,266-111,315,459-99,728,004-114,463,690-150,576,534-141,827,642-103,888,701-76,007,079-50,020,090-42,829,840-41,395,275-38,877,175--------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets-2.5%17718118320219121022834144448063312055.0044.0051.0028.0036.0013.0012.0014.0012.00
  Current Assets-6.4%12413313916316518921632743146729010035.0024.0032.0019.0027.008.006.009.006.00
    Cash Equivalents-21.1%62.0079.0099.0012014016720223015720524180.0026.0017.0025.0010.0024.003.002.003.001.00
  Inventory57.8%35.0022.009.0012.0013.0013.0010.0062.0050.0031.0015.006.004.003.002.002.002.002.003.005.005.00
  Net PPE16.3%31.0027.0022.0017.0014.0011.008.0014.0014.0012.0011.008.007.007.007.009.008.005.005.005.005.00
Liabilities-9.2%70.0077.0074.0071.0027.0053.0053.00200222204237---86.00------
  Current Liabilities-10.8%58.0065.0063.0060.0018.0021.0028.0017518.0018.0018.0013210539.0047.0039.0036.0023.0019.0012.0015.00
    LT Debt, Current-----------1.001.001.0020.00-6.00----0.00
    LT Debt, Non Current------------1.001.007.00-8.009.008.008.00-2.00
Shareholder's Equity2.4%107105109131164156175141223276395--------2.00-
  Retained Earnings-3.5%-675-652-627-589-553-532-510-354-273-229-109-389-305-174-178-179-167-147-141-123-118
  Additional Paid-In Capital3.4%783757736720717688686505506505504376234151144141141130126126113
Accumulated Depreciation----------------3.003.00-2.002.002.00
Shares Outstanding13.6%20518116616015915215212412312312210775.0068.0067.0066.0061.0055.0058.0046.0042.00
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Last 12 Months)
(In Thousands)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-8.7%-104,156-95,825-93,818-88,508-106,771-128,415-132,577-142,684-133,792-97,359-70,278-50,376-42,815-38,925-36,871-28,565-25,986-22,941-21,754-27,705-26,501
  Share Based Compensation4.0%12,61912,13411,46010,3188,5546,4014,9434,5074,0244,0544,0213,5343,1322,1481,9801,4701,3881,6781,0601,1601,327
Cashflow From Investing-13.8%-24,833-21,828-20,01988,90897,43597,48199,813-7,892-8,035-6,528-5,7284,0113,6461,1911,655-3,888-2,983-24.56-18.42-637-395
Cashflow From Financing72.7%51,30929,71711,467-110,702-7,213-7,092-6,817300,775272,241292,139292,368116,42741,84851,71258,57339,62151,90425,05419,21621,17921,864

WKHS Income Statement

2023-06-30
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]    
Sales, net of returns and allowances$ 3,966,463$ 12,555$ 5,659,878$ 26,854
Cost of sales8,427,3773,020,20413,755,4966,943,555
Gross loss(4,460,914)(3,007,649)(8,095,618)(6,916,701)
Operating expenses    
Selling, general and administrative14,002,51713,030,14328,692,36024,940,402
Research and development5,059,7455,027,06112,284,5949,038,995
Total operating expenses19,062,26218,057,20440,976,95433,979,397
Loss from operations(23,523,176)(21,064,853)(49,072,572)(40,896,098)
Interest income (expense), net505,500(95,419)1,055,859(2,318,709)
Loss before benefit for income taxes(23,017,676)(21,160,272)(48,016,713)(43,214,807)
Benefit for income taxes0000
Net loss$ (23,017,676)$ (21,160,272)$ (48,016,713)$ (43,214,807)
Net loss per share of common stock    
Basic (in usd per share)$ (0.12)$ (0.13)$ (0.27)$ (0.28)
Diluted (in usd per share)$ (0.12)$ (0.13)$ (0.27)$ (0.28)
Weighted average shares used in computing net loss per share of common stock    
Basic (in shares)185,660,305159,107,776176,453,477155,543,436
Diluted (in shares)185,660,305159,107,776176,453,477155,543,436

WKHS Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 62,379,740$ 99,276,301
Accounts receivable, less allowance for credit losses of $2.4 million and zero as of June 30, 2023 and December 31, 20222,837,2422,079,343
Other receivable15,000,00015,000,000
Inventory, net34,623,5668,850,142
Prepaid expenses and other current assets9,450,74014,152,481
Total current assets124,291,288139,358,267
Property, plant and equipment, net31,300,43621,501,095
Investment in Tropos10,000,00010,000,000
Lease right-of-use assets11,158,56211,706,803
Other assets176,310176,310
Total Assets176,926,596182,742,475
Current liabilities:  
Accounts payable10,228,91910,235,345
Accrued and other current liabilities43,049,74346,207,431
Accrued commissions1,406,2503,375,000
Warranty liability1,922,5802,207,674
Current portion of lease liabilities1,486,4171,285,032
Total current liabilities58,093,90963,310,482
Deferred revenue, long-term3,368,8312,005,000
Lease liability, long-term8,076,1358,840,062
Total Liabilities69,538,87574,155,544
Commitments and contingencies
Stockholders’ Equity:  
Series A preferred stock, par value $0.001 per share, 75,000,000 shares authorized, zero shares issued and outstanding as of June 30, 2023 and December 31, 202200
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 205,221,154 shares issued and outstanding as of June 30, 2023 and 165,605,355 shares issued and outstanding as of December 31, 2022205,221165,605
Additional paid-in capital782,848,275736,070,388
Accumulated deficit(675,665,775)(627,649,062)
Total stockholders’ equity107,387,721108,586,931
Total Liabilities and Stockholders’ Equity$ 176,926,596$ 182,742,475
Richard F. Dauch
220
Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. It also provides Metron, an air delivery application that tracks the performance of various the vehicles deployed. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.