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How to Buy Workhorse Group Stock

Workhorse Group Inc

Workhorse Group Inc. , a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States.

Workhorse Group stock last closed at $1.76, up 2.92% from the previous day, and has decreased 88.88% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.04 percentage points. Workhorse Group stock is currently +7.32% from its 52-week low of $1.64, and -93.53% from its 52-week high of $27.20.

At the moment, there are 18.76M shares of WKHS outstanding. The market capitalization of WKHS is $33.02M. In the last 24 hours, 1.39M WKHS shares were traded.

How to Buy Workhorse Group Stock

Not sure how to invest in Workhorse Group stock? Here's how.
  1. Figure out where to buy Workhorse Group stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you decide where to buy Workhorse Group stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Deposit funds into your investment account: Select your payment method and add your information.
  4. Evaluate Workhorse Group stock: The Workhorse Group ticker symbol is WKHS. Is Workhorse Group stock a good investment? Should you buy shares of WKHS? How do WKHS's underlying business fundamentals look? Do top analysts think Workhorse Group is a good buy? Why has WKHS's stock price moved recently? (Hint: Our stock research website can help you evaluate if WKHS is a good stock to buy).
  5. Execute your WKHS purchase: Decide if you will purchase WKHS shares at the current market price or use a limit order to purchase WKHS stock at a specific price.
  6. Watch your investment in WKHS: Create a watchlist to keep tabs on your new investment in Workhorse Group shares.

Step 1: Figure out where to buy Workhorse Group stock

You need an online brokerage account to access the NASDAQ market and buy WKHS stock.

A brokerage account is an investment account that allows you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've chosen your brokerage, you'll need to fill out some personal info so you are able to invest in WKHS today.

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Step 3: Deposit funds into your investment account

Now that you've created your account on apps for stocks, your next step is to transfer the money for your investment:

Watch the tutorial below to see the process of depositing money into your brokerage account.

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Step 4: Evaluate Workhorse Group stock

Once you have identified the best place to buy Workhorse Group stock, it's very important to analyze their stock prior to investing, so you can comprehend the risk as well as the upside.

Workhorse Group Metrics

WKHS Price
$1.76
1w %
-20.36%
1y %
-88.88%
5y %
-96.67%
P/E
-0.16x
P/B
0.49x
P/S
2.09x
PEG
N/A
Revenue
$12.74M
Earnings
-$128.08M
Fore. Rev. Growth
96.22%
Fore. Earn. Growth
N/A
Market Cap
$33.02M
Next Earnings
Aug 6, 2024
Next Dividend
N/A

Workhorse Group Fundamentals

WallStreetZen was built to help average investors perform more accurate fundamental analysis in minutes instead of hours.

You can view all of the due diligence checks on WKHS's stock page.

Is WKHS stock undervalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge WKHS's true value.

Using relative valuations metrics:

  • WKHS could be undervalued based on its P/B ratio of 0.49x, relative to Auto Manufacturers industry P/B ratio of 2.13x

You can access more valuation research on WKHS's stock here.

Is WKHS a healthy company?

Pros:

  • There are more short-term assets than long-term liabilities on the WKHS balance sheet.
  • There are more short-term assets than short-term liabilities on the WKHS balance sheet.
  • Total WKHS debt is lower than 5 years ago, relative to shareholder equity.

Cons:

  • WKHS has cash burn of 124546724. It does not have sufficient cash and short-term investments to cover this.
  • WKHS has a relatively high debt to equity ratio of 0.69.
  • WKHS has $6.73M in cash and short term investments. This is not sufficient to cover its annual cash burn of $124.55M.
  • WKHS profit margin has gone up by 7.88 percentage points in the past year, but the company is still unprofitable.

Is it a good time to buy WKHS stock, according to Wall Street analysts?

Out of 2 Equities analysts who give ratings on WKHS, the consensus analyst rating on Workhorse Group is a Sell

Please note that analyst forecasts are not stock recommendations, nor are they financial advice.

You can dive deeper into what analysts are forecasting on the Workhorse Group stock forecast page.

Metrics for Advanced WKHS Traders

SMA10
2.58
SMA20
3.21
SMA50
3.52
SMA100
4.38
SMA200
6.23
MACD
-0.56
MACD Signal
-0.36
MACD Histogram
-0.21
RSI
23.49
Stochastic %K
3.49
Stochastic %D
2.9
StochRSI %K
2.89
StochRSI %D
1.08

How are WKHS Revenues/Earnings doing?

Last year, WKHS revenue was $12.74M. Over the past five year, WKHS's revenue has increased by 86.34% per year. This was faster than the Auto Manufacturers industry average of 28.83%.

You can analyze WKHS's earnings and revenue performance here.

Who is buying/selling WKHS?

Over the past 12 months, executives and large shareholders at WKHS have bought more shares than they have sold.

Brandon Torres Declet, Director of WKHS, was the latest WKHS insider to sell. They sold $33,122.88 worth of WKHS stock on May 14, 2024.

Dig into more about who owns WKHS shares here.

Does WKHS stock generate passive income?

No, Workhorse Group doesn't provide an income stream by paying out dividends.

What others are saying about WKHS

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Step 5: Execute your WKHS purchase

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are mostly fine for most investors.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a specific dollar amount limit, place a limit order.

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Step 6: Watch your investment in WKHS

Now that you own some WKHS stock, you'll want to keep up with your new stock purchase.

Put WKHS on a watchlist to get notified of important updates regarding your WKHS stock.

WKHS Feed

How to Buy Stock in Workhorse Group

To summarize, here are the 6 steps you need to take to buy Workhorse Group stock right now:

  1. Figure out where to buy Workhorse Group stock
  2. Open your brokerage account
  3. Deposit funds into your investment account
  4. Evaluate Workhorse Group stock
  5. Execute your WKHS purchase
  6. Watch your investment in WKHS

If you are looking for a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep tabs on your investment in Workhorse Group, create a watchlist today.

NASDAQ: WKHS
$1.76+0.05 (+2.92%)
Updated Jun 24, 2024
Open eToro Account
NASDAQ: WKHS
$1.76+0.05 (+2.92%)
Updated Jun 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Workhorse Group share?

As of Jun 24, 2024, it costs $1.76 to buy one share of Workhorse Group stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.88, you can buy 0.5 shares of WKHS.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Workhorse Group stock?

According to 2 Wall Street analysts who monitor Workhorse Group, their consensus recommendation is to sell Workhorse Group stock.

What is the best way to buy Workhorse Group stock?

One way to place an order for Workhorse Group stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.