One such AI-powered trading bot, known as Swing trader: Deep Trend Analysis v.2 (TA) recently showcased its potential by generating an impressive +5.25% gain while trading WKHS over the previous week. In this article, we will delve into the earnings results of WKHS and analyze the performance of these AI trading robots.
Analyzing WKHS Performance:
On June 13, 2023, WKHS broke above its upper Bollinger Band, indicating a potential reversal in its price trajectory. This technical analysis pattern suggests that the stock may drop as it moves back below the upper band and approaches the middle band. Traders using the Swing trader: Deep Trend Analysis v.2 (TA) bot might have received signals to consider selling the stock or exploring put options.
To assess the likelihood of a price decline following a break above the upper band, the A.I.dvisor examined 46 similar instances in the past. Out of these instances, the stock fell afterwards in 42 cases, implying a success rate of approximately 90%. This historical analysis indicates that there is a high probability of WKHS experiencing a downward price movement after breaking above the upper band.
Earnings Report Analysis:
The last earnings report for WKHS was released on May 15, revealing an earnings per share (EPS) of -15 cents, surpassing the estimated -17 cents. This positive deviation from expectations suggests that the company performed better than anticipated during that period. The earnings report also provides insights into the company's financial health and performance.
Considering the current market capitalization of 171.44 million dollars and the number of outstanding shares standing at 9.67 million, investors can gauge the company's valuation relative to its earnings. This information helps investors assess the market's perception of the company's potential and determine whether it is overvalued or undervalued.
Summary:
The utilization of AI trading bots, such as the Swing trader: Deep Trend Analysis v.2 (TA) bot, has proven fruitful for traders as they strive to navigate the complexities of the financial markets. In the case of WKHS, the AI trading robots demonstrated their capabilities by generating a notable +5.25% gain over the course of the previous week. The technical analysis of WKHS's breach above the upper Bollinger Band suggests a potential price decline, backed by historical data indicating a 90% success rate in similar instances.
WKHS saw its Momentum Indicator move below the 0 level on September 01, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 73 similar instances where the indicator turned negative. In of the 73 cases, the stock moved further down in the following days. The odds of a decline are at .
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 September 21, 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.
The RSI Indicator shows that the ticker has stayed in the oversold zone for 9 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 16 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.
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 (0.827) is normal, around the industry mean (6.744). P/E Ratio (3.200) is within average values for comparable stocks, (20.494). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.659). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (6.623) is also within normal values, averaging (51.847).
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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufactures of high performance, medium duty trucks
Industry MotorVehicles
A.I.dvisor indicates that over the last year, WKHS has been loosely correlated with RIVN. These tickers have moved in lockstep 51% 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% | -0.84% | ||
RIVN - WKHS | 51% Loosely correlated | +0.13% | ||
GOEV - WKHS | 47% Loosely correlated | -1.08% | ||
LCID - WKHS | 45% Loosely correlated | +1.28% | ||
GM - WKHS | 44% Loosely correlated | +2.50% | ||
NIO - WKHS | 44% Loosely correlated | +5.32% | ||
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