Workhorse (WKHS, $23.02) shares downgraded by Roth Capital analyst
Roth Capital analyst Craig Irwin downgraded shares of electric truck maker Workhorse Group to neutral from buy.
A a U.S. Postal Service spokesperson told Roth the USPS won’t decide who wins the competition for its next generation of delivery trucks until year-end.
Irwin also slashed his share-price target on the shares to $27 from $33. Analysts’ average price target is $23, according to Bloomberg.
Last week Irwin expected the USPS would make its selection for the $8 billion contract Tuesday. But now that USPS is seemingly “punting” on the contract, that substantially increases uncertainty for Workhorse, according to Irwin.
Tickeron's AI-powered scorecard asseses WKHS a " SELL".
WKHS's RSI Indicator peaks and leaves overbought zone
The 10-day RSI Indicator for WKHS moved out of overbought territory on September 22, 2020. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 instances where the indicator moved out of the overbought zone. In 38 of the 42 cases the stock moved lower in the days that followed. This puts the odds of a move down at 90%.
Current price $23.11 is above $18.20 the highest resistance line found by A.I. Throughout the month of 09/10/20 - 10/12/20, the price experienced a +19% Uptrend. During the week of 10/05/20 - 10/12/20, the stock enjoyed a +9% Uptrend growth.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 12, 2020. You may want to consider selling the stock, shorting the stock, or exploring put options on WKHS as a result. In 76 of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 90%.
The Moving Average Convergence Divergence Histogram (MACD) for WKHS turned negative on September 24, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 42 similar instances when the indicator turned negative. In 36 of the 42 cases the stock turned lower in the days that followed. This puts the odds of success at 86%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 82%.
WKHS broke above its upper Bollinger Band on September 14, 2020. 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.
Bullish Trend Analysis
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 49 of 56 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 88%.
Following a +27.11% 3-day Advance, the price is estimated to grow further. Considering data from situations where WKHS advanced for three days, in 244 of 281 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.
The Aroon Indicator entered an Uptrend today. In 179 of 209 cases where WKHS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 86%.
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 53%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.36.
The Tickeron PE Growth Rating for this company is 100 (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 SMR rating for this company is 100 (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 Valuation Rating of 73 (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: WKHS's P/B Ratio (-33.69) is very low in comparison to the industry average of (1.11). P/E Ratio (0.00) is within average values for comparable stocks, (52.04). Projected Growth (PEG Ratio) (0.00) is also within normal values, averaging (1.44). Dividend Yield (0.00) settles around the average of (0.85) among similar stocks. WKHS's P/S Ratio (7094.25) is very high in comparison to the industry average of (254.10).
The Tickeron Price Growth Rating for this company is 34 (best 1 - 100 worst), indicating steady price growth. WKHS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 1 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
WKHS in +8.53% Uptrend, growing for three consecutive days on April 17, 2025
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 225 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 Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 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.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on April 21, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on WKHS as a result. In of 82 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 08, 2025. 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 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 (6.217). P/E Ratio (3.200) is within average values for comparable stocks, (17.826). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.723). WKHS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (3.588) is also within normal values, averaging (78.608).
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 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 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 80, placing this stock worse than average.
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a manufactures of high performance, medium duty trucks
Industry MotorVehicles