Should You Buy Workhorse Group Inc (WKHS) Stock After it Is Down 4.31% in a Week?

Friday, October 22, 2021 01:47 PM | InvestorsObserver Analysts

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Workhorse Group Inc (WKHS) stock is down 4.31% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Workhorse Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WKHS!
See Full WKHS Report

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With WKHS Stock Today?

Workhorse Group Inc (WKHS) stock is trading at $6.22 as of 1:46 PM on Friday, Oct 22, a decline of -$0.46, or -6.91% from the previous closing price of $6.68. The stock has traded between $6.12 and $6.63 so far today. Volume today is 7,389,108 compared to average volume of 7,365,885. To screen for more stocks like Workhorse Group Inc click here.

More About Workhorse Group Inc

Workhorse Group Inc is a technology company. It designs, develops, manufactures and sells high-performance, 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. E-GEN is an electric drive, transmission-free system, which has a gasoline/propane or compressed natural gas (CNG) engine that functions as an auxiliary generator. E-100, an all-electric, medium-duty truck, is an electric power train. The company generates key revenue from the Automotive Revenue which consists of sales of any of its E-GEN or E-100 platforms. Click Here to get the full Stock Report for Workhorse Group Inc stock.

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