Workhorse Group (WKHS) has been making headlines lately as a top weekly gainer in the stock market, rising by an impressive 19.3%. One factor that could be contributing to this surge in stock price is the increasing use of AI trading bots. In fact, one such bot generated an impressive 26.94% return for WKHS.
AI trading bots are computer programs that use artificial intelligence algorithms to analyze data and make trading decisions. They can be programmed to take a wide range of factors into account, including market trends, news events, and technical indicators. By doing so, they can identify profitable trading opportunities and execute trades with incredible speed and accuracy.
The use of AI trading bots has been steadily increasing in recent years, and it's not hard to see why. These bots can quickly process vast amounts of data and make trading decisions based on objective criteria, without being influenced by emotions or biases. As a result, they have the potential to generate significant returns for investors.
WKHS is one company that has benefited from the use of AI trading bots. These bots have been able to identify profitable trading opportunities for the company, leading to a surge in its stock price. Of course, there are no guarantees when it comes to investing, and it's always important to do your own research and make informed decisions.
Still, the success of WKHS and other companies that have embraced AI trading bots is a clear indication of the potential that these technologies hold for the finance industry. As AI continues to advance, we can expect to see more and more investors turning to these powerful tools to help them make better trading decisions and generate higher returns.
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 .
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 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 upward trend is expected.
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 May 22, 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 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 (1.561) is normal, around the industry mean (9.720). P/E Ratio (3.200) is within average values for comparable stocks, (96.235). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.912). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.040). P/S Ratio (21.231) is also within normal values, averaging (74.415).
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.
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 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% | +4.46% | ||
RIDE - WKHS | 65% Loosely correlated | +2.31% | ||
RIVN - WKHS | 55% Loosely correlated | +1.12% | ||
LCID - WKHS | 50% Loosely correlated | +4.70% | ||
GP - WKHS | 48% Loosely correlated | +3.21% | ||
FSR - WKHS | 45% Loosely correlated | +1.56% | ||
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