AI Robot Boosts WKHS Gains by 32.61%, Earnings Expected to Rise 30%
As a financial analytics and trader, I am thrilled to report that an AI robot has generated impressive gains of 32.61% for the stock of Workhorse Group Inc (WKHS). This is a remarkable achievement, especially considering the volatile nature of the stock market.
The AI robot, which is designed to analyze market trends and make informed investment decisions, has been closely monitoring the performance of WKHS. Based on its analysis, the robot identified the stock as a prime opportunity for investment, and its prediction has been proven right.
Moreover, WKHS is expected to report earnings that are set to rise by more than 30%. This is a strong indication that the company is performing well and is poised for even greater growth. It also suggests that the investment made by the AI robot is likely to continue yielding positive results in the future.
The success of this AI robot is a clear example of the power of technology in the finance industry. By leveraging advanced algorithms and data analytics, investors can make informed decisions and maximize their returns. As more investors embrace this technology, we can expect to see even more impressive results in the future.
However, it is important to note that while AI robots can provide valuable insights and analysis, they should not be relied on solely for investment decisions. Human judgment and intuition are still critical components of successful investing, and investors should always exercise caution and conduct their own due diligence before making any investment decisions.
WKHS in +4.32% Uptrend, advancing for three consecutive days on June 02, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where WKHS advanced for three days, in of 253 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WKHS's RSI Indicator exited the oversold zone, of 46 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where WKHS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on WKHS as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WKHS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for WKHS entered a downward trend on June 05, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.500) is normal, around the industry mean (9.675). P/E Ratio (3.200) is within average values for comparable stocks, (96.296). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.911). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (20.408) is also within normal values, averaging (73.737).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. WKHS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WKHS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufactures of high performance, medium duty trucks
Industry MotorVehicles
WKHS and
Correlation & Price change
A.I.dvisor indicates that over the last year, WKHS has been loosely correlated with RIDE. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if WKHS jumps, then RIDE could also see price increases.
| Ticker / NAME | Correlation To WKHS | 1D Price Change % | ||
|---|---|---|---|---|
| WKHS | 100% | -3.90% | ||
| RIDE - WKHS | 65% Loosely correlated | -5.90% | ||
| RIVN - WKHS | 55% Loosely correlated | -0.97% | ||
| LCID - WKHS | 50% Loosely correlated | -0.15% | ||
| GP - WKHS | 48% Loosely correlated | -2.35% | ||
| FSR - WKHS | 45% Loosely correlated | -6.49% | ||
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