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May 16, 2023

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.

Related Ticker: WKHS

WKHS in -8.17% downward trend, falling for three consecutive days on May 23, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where WKHS declined for three days, in of 351 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for WKHS moved out of overbought territory on May 17, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 55 cases where WKHS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

WKHS broke above its upper Bollinger Band on May 16, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for WKHS entered a downward trend on May 08, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 24, 2024. You may want to consider a long position or call options on WKHS as a result. In of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for WKHS just turned positive on April 29, 2024. Looking at past instances where WKHS's MACD turned positive, the stock continued to rise in of 37 cases over the following month. The odds of a continued upward trend are .

WKHS moved above its 50-day moving average on May 24, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for WKHS crossed bullishly above the 50-day moving average on May 17, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +2 3-day Advance, the price is estimated to grow further. 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 .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady 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 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 (0.849) is normal, around the industry mean (6.142). P/E Ratio (3.200) is within average values for comparable stocks, (18.064). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.553). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.043). P/S Ratio (3.588) is also within normal values, averaging (75.140).

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 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 86, placing this stock worse than average.

Notable companies

The most notable companies in this group are Tesla (NASDAQ:TSLA), Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM), NIO Inc. (NYSE:NIO).

Industry description

Automobiles continue to be arguably the most popular form of passenger travel in the U.S., and major automobile makers have revenues and market capitalizations running into multi-billions. In recent years, the industry has been experiencing some path-breaking innovations like electric vehicles and self-driving technology. While there are long-standing companies like General Motors, Ford, and Toyota Motors operating in this space, there are also emerging/rapidly growing players like Tesla – which has had a major role in the growing popularity of the electric vehicle market. With technological advancements taking steam in the auto space, we’ve also witnessed collaborations (or talks of potential partnerships) of carmakers with tech behemoths like Google’s subsidiary, Waymo.

Market Cap

The average market capitalization across the Motor Vehicles Industry is 32.57B. The market cap for tickers in the group ranges from 2.49M to 559.85B. TSLA holds the highest valuation in this group at 559.85B. The lowest valued company is EVTGF at 2.49M.

High and low price notable news

The average weekly price growth across all stocks in the Motor Vehicles Industry was -0%. For the same Industry, the average monthly price growth was 29%, and the average quarterly price growth was -3%. ELEK experienced the highest price growth at 50%, while ZAPP experienced the biggest fall at -23%.

Volume

The average weekly volume growth across all stocks in the Motor Vehicles Industry was -44%. For the same stocks of the Industry, the average monthly volume growth was -27% and the average quarterly volume growth was 84%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 44
P/E Growth Rating: 73
Price Growth Rating: 60
SMR Rating: 78
Profit Risk Rating: 86
Seasonality Score: 39 (-100 ... +100)
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General Information

a manufactures of high performance, medium duty trucks

Industry MotorVehicles

Profile
Fundamentals
Details
Industry
Auto Parts OEM
Address
3600 Park 42 Drive
Phone
+1 888 646-5205
Employees
298
Web
https://www.workhorse.com
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