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EV Alert: Workhorse Group Inc (WKHS) Neutral 0.00% This Week, Should You Buy?

Wednesday, September 28, 2022 02:48 PM | InvestorsObserver Analysts
EV Alert: Workhorse Group Inc (WKHS) Neutral 0.00% This Week, Should You Buy?

EV stock WKHS is higher by 5.71% Wednesday. Overall market sentiment has been down on Workhorse Group Inc (WKHS) stock lately. WKHS receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Workhorse Group Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on WKHS!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With WKHS Stock Today?

Workhorse Group Inc (WKHS) stock is trading at $2.88 as of 2:47 PM on Wednesday, Sep 28, a gain of $0.16, or 5.71% from the previous closing price of $2.72. The stock has traded between $2.70 and $2.92 so far today. Volume today is low. So far 1,803,933 shares have traded compared to average volume of 2,856,887 shares. 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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