As this happened, ROTH Capital downgraded its Workhorse Group Inc [WKHS] rating to a Neutral from a a Buy in a research note published on August 09, 2022; the price target was decreased to $3.50 from $7. A number of analysts have revised their coverage, including R. F. Lafferty’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. ROTH Capital also remained covering WKHS and has increased its forecast on March 02, 2022 with a “Buy” recommendation from previously “Neutral” rating.
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Price Performance Review of WKHS
On Tuesday, Workhorse Group Inc [NASDAQ:WKHS] saw its stock jump 1.98% to $0.85. Over the last five days, the stock has gained 19.36%. Workhorse Group Inc shares have fallen nearly -99.41% since the year began. Nevertheless, the stocks have fallen -99.51% over the past one year. While a 52-week high of $199.44 was reached on 02/21/24, a 52-week low of $0.57 was recorded on 09/09/24. SMA at 50 days reached $0.8342, while 200 days put it at $3.2939.
Levels Of Support And Resistance For WKHS Stock
The 24-hour chart illustrates a support level at 0.7999, which if violated will result in even more drops to 0.7496. On the upside, there is a resistance level at 0.9064. A further resistance level may holdings at 0.9626. The Relative Strength Index (RSI) on the 14-day chart is 43.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0355, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.99%. Stochastics %K at 50.74% indicates the stock is a holding.
How much short interest is there in Workhorse Group Inc?
A steep rise in short interest was recorded in Workhorse Group Inc stocks on 2024-09-30, dropping by -0.72 million shares to a total of 4.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.07 million shares. There was a decline of -16.62%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 11, 2021 when DA Davidson began covering the stock and recommended ‘”a Neutral”‘ rating along with a $10 price target.
