And six analysts surveyed by Yahoo! Finance have a consensus price target of $25. Moreover, five analysts surveyed by have an average price target of just $24 per share. Workhorse is trading today at just under $23. MarketBeat shows that their average target is $19.57 per share from eight analysts. Analysts who cover the stock have valuations below today’s price. I am not the only one who thinks WKHS stock is trading too high. In short, WKHS stock is clearly fully valued. That implies a high degree of variance, risk and it will likely be subject to change. However, that puts it at 10.75x earnings but for five years in the future. It is not until 2025, with a forecast EPS of $2.21, that the stock has a reasonable valuation. That still makes it worth 74x earnings for 2023. In fact, analysts don’t expect meaningful profits until 2023 when it could make 32 cents per share. More importantly, the company is still forecast to lose money this year. There is still no word as to when the government will make that decision.īased on analysts’ estimates today, WKHS stock trades for 20.7x sales for 2021. However, nothing will compare with the effect that winning the Postal Service contract will have, since it is so large at $6.3 billion. However, in a sense, it already is, since analysts expect to see large growth, especially if the Postal Service contract comes through.įor example, four months earlier Workhorse had signed a technology agreement with Hitachi America and Hitachi Capital America Corp. Therefore, it is possible the contract may not already be included in analysts’ estimates already. This is pretty significant, especially if you consider that the company is only expected to make $138.6 million in sales during 2021.Īccording to the newspaper, the Pride order is expected to be completed in batches, with initial delivery slated for July. Workhorse’s CFO, Steve Shrader, said the order was worth $500 million, according to the Cincinnati Business Courier.
There was no dollar value on the order, but it was for 6,320 C-Series all-electric delivery vehicles. Pride Group is a large Canadian and U.S.-based, privately held company with businesses in transportation equipment retail, wholesale, rental, leasing and logistics. This is despite the recent news that it won a large purchase order contract from Pride Group Enterprises. The problem with Workhorse right now is that the stock looks to be fully valued. However, in the last six months, WKHS stock has done well, up 42%. In the past month, Workhorse stock is up 10%. That contact could be worth as much as $6.3 billion and will be a company maker. Postal Service contract, the stock won’t move much.
When you analyze Workhorse charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.I based this on the fact that until the company wins the large U.S. We provide a combination of tools to recognize potential entry and exit points for Workhorse using various technical indicators.
#Workhorse stock forecast 2025 how to
Workhorse Additional Predictive ModulesMost predictive techniques to examine Workhorse price help traders to determine how to time the market. Given the investment horizon of 90 days the next forecasted press release will be in about 12 days. The entity had 1:10 split on the 11th of December 2015.
Workhorse Group had not issued any dividends in recent years. The company recorded a loss per share of 0.7. The book value of Workhorse was at this time reported as 0.66. About 36.0% of the company outstanding shares are owned by institutional investors. The volatility of related hype on Workhorse is about 3072.22% with expected price after next announcement by competition of 0.71. The price decrease on the next newsis expected to be -5.49% whereas the daily expected return is at this time at -1.09%. The average volatility of media hype impact on the company price is over 100%. Workhorse is forecasted to decline in value after the next headline with the price expected to drop to 0.86. The entity has historical hype elasticity of -0.05 and average elasticity to hype of competition of -0.2.
Workhorse Hype TimelineWorkhorse Group is at this time traded for 0.91.
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