Workhorse Group Inc (WKHS) Stock AnalysisWKHSStock AnalysisWorkhorse Group Inc

Workhorse Group Inc. is a North American manufacturer of medium-duty electric trucks and buses. Its primary focus is to provide solutions for the commercial transportation sector. The Company designs and manufactures all-electric trucks, including the technology that optimizes the way these trucks operate. The Company also manufactures medium-duty electric trucks and buses. Its products are marketed under the Workhorse brand. It manufactures Class 5/6 commercial delivery vehicles. Its vehicles include the W56, based on long-standing Company know-how in the Class 5/6 truck chassis market, a medium-duty chassis, designed for last-mile delivery and high payload work-truck applications. The W56 is delivered in either a striped chassis or a complete step van configuration. It also sells a Class 4 cab chassis called Epic 4, and can be used for shuttle, school, box, refrigeration, work truck, flat bed and specialty applications. It operates in the Consumer Cyclicals sector (MOTOR VEHICLES & PASSENGER CAR BODIES industry).

Workhorse Group Inc is not a good buy right now due to its significant financial losses and poor performance metrics. The current price is $3.07, and the company has a staggering year-to-date change of -44.78%. Furthermore, the recent earnings report showed a reported EPS of -1.86, which was a 95.79% surprise to the downside, indicating ongoing profitability challenges. The main risk is the company's negative gross margin of -172.83% in the latest quarter, which raises concerns about its operational viability.

2 analysts cover WKHS: 2 rate it Buy, 0 Hold and 0 Sell. The average price target is 7.80.