Maxim Group Analysts Give Workhorse Group, Inc. (WKHS) a $5.00 Price Target

Maxim Group set a $5.00 price target on Workhorse Group, Inc. (NASDAQ:WKHS) in a research note issued to investors on Wednesday, August 9th. The firm currently has a buy rating on the stock.

Shares of Workhorse Group (WKHS) traded up 4.98% on Wednesday, reaching $2.95. 242,133 shares of the company’s stock traded hands. Workhorse Group has a 52 week low of $1.85 and a 52 week high of $10.30. The firm’s market capitalization is $110.11 million. The company has a 50 day moving average price of $2.89 and a 200 day moving average price of $2.94.

Workhorse Group (NASDAQ:WKHS) last released its quarterly earnings results on Wednesday, August 9th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by $0.03. Workhorse Group had a negative return on equity of 290.34% and a negative net margin of 419.92%. The company had revenue of $0.27 million for the quarter. On average, equities research analysts predict that Workhorse Group will post ($0.93) earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the company. LMR Partners LLP bought a new stake in Workhorse Group during the second quarter worth approximately $126,000. Glenview Trust Co increased its stake in Workhorse Group by 28.6% in the second quarter. Glenview Trust Co now owns 37,500 shares of the company’s stock worth $138,000 after buying an additional 8,333 shares during the period. Virtu KCG Holdings LLC bought a new stake in Workhorse Group during the second quarter worth approximately $166,000. Goldman Sachs Group Inc. increased its stake in Workhorse Group by 74.8% in the second quarter. Goldman Sachs Group Inc. now owns 77,209 shares of the company’s stock worth $285,000 after buying an additional 33,040 shares during the period. Finally, CWH Capital Management Inc. increased its stake in Workhorse Group by 4.2% in the second quarter. CWH Capital Management Inc. now owns 709,425 shares of the company’s stock worth $2,618,000 after buying an additional 28,425 shares during the period. Institutional investors own 15.42% of the company’s stock.

About Workhorse Group

Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.

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