Robot Factory by Tickeron Drives Strong Performance for WKHS Trading, Delivering 62.71% Growth in 6 Months
Among these robots, Day Trader: Medium Volatility Stocks for Active Trading (TA&FA) stands out as an exceptional performer. Over the past six months, it has achieved a remarkable 62.71% gain while trading WKHS (Workhorse Group Inc.), making it one of the best performers in our robot factory. In this article, we will examine the recent bullish signs surrounding WKHS and analyze its earnings results.
Bullish Signs for WKHS: When a stock experiences a sustained upward movement for several consecutive days, it is generally viewed as a bullish sign. In the case of WKHS, it has been moving higher for three straight days, indicating potential future growth. Based on historical data, it is worth noting that in 213 out of 253 instances where WKHS advanced for three days, the price continued to rise further within the following month. This statistical insight suggests that the odds of a continued upward trend for WKHS are approximately 84%. Consequently, investors should keep a close eye on this stock for potential growth opportunities.
Earnings Results Overview: On May 15, WKHS released its latest earnings report, which revealed earnings per share (EPS) of -15 cents. This result surpassed market expectations, as the estimated EPS was -17 cents. The positive surprise in earnings indicates that WKHS performed better than anticipated, which can be considered a positive factor for investors.
Market Capitalization: With 3.53 million shares outstanding, WKHS currently boasts a market capitalization of 164.20 million dollars. Market capitalization is a vital metric that reflects the total value of a company's outstanding shares in the stock market. Although WKHS has a relatively modest market capitalization, it should be noted that market capitalization alone does not provide a comprehensive view of a company's overall financial health. It is crucial to consider additional factors and perform a more comprehensive analysis before making investment decisions.
The AI trading robot, Day Trader: Medium Volatility Stocks for Active Trading (TA&FA), has demonstrated its prowess by generating an impressive 62.71% gain while trading WKHS over the past six months. The sustained upward movement of WKHS over three consecutive days indicates a potentially bullish trend, supported by historical data showing a high likelihood of further price appreciation. Furthermore, WKHS surpassed market expectations in its latest earnings report, indicating a positive performance.
WKHS's Indicator enters downward trend
The Aroon Indicator for WKHS entered a downward trend on September 21, 2023. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 269 similar instances where the Aroon Indicator formed such a pattern. In of the 269 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 01, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on WKHS as a result. In of 73 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 .
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 13 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, in of 262 cases, the price rose further within the following month. The odds of a continued upward trend are .
WKHS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call 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 (0.855) is normal, around the industry mean (6.743). P/E Ratio (3.200) is within average values for comparable stocks, (20.678). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.664). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (6.849) is also within normal values, averaging (52.056).
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 85, 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
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WKHS and
Correlation & Price change
A.I.dvisor indicates that over the last year, WKHS has been loosely correlated with RIVN. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if WKHS jumps, then RIVN could also see price increases.
| Ticker / NAME | Correlation To WKHS | 1D Price Change % | ||
|---|---|---|---|---|
| WKHS | 100% | +5.00% | ||
| RIVN - WKHS | 52% Loosely correlated | +2.62% | ||
| GOEV - WKHS | 47% Loosely correlated | +1.69% | ||
| LCID - WKHS | 46% Loosely correlated | +0.39% | ||
| GM - WKHS | 44% Loosely correlated | +1.47% | ||
| NIO - WKHS | 44% Loosely correlated | -2.11% | ||
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