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 $0.17, up 9.27% from the previous day, and has decreased 81.5% in one year. It has underperformed other stocks in the Auto Manufacturers industry by 0.17 percentage points. Workhorse Group stock is currently +10% from its 52-week low of $0.15, and -87.87% from its 52-week high of $1.36.
At the moment, there are 314.83M shares of WKHS outstanding. The market capitalization of WKHS is $51.95M. In the last 24 hours, 9.84M WKHS shares were traded.
How to Buy Workhorse Group Stock
Not sure how to invest in Workhorse Group stock? Here's how.
- 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.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your payment method and add your information.
- 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).
- 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.
- 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.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro now.
Open eToro AccountStep 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.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start your new trading account.
- Send your details by hitting the "Create Account" button. Get started with eToro today
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.
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
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 0.63x, relative to Auto Manufacturers industry P/B ratio of 2.19x
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 141711500. It does not have sufficient cash and short-term investments to cover this.
- WKHS has a relatively high debt to equity ratio of 0.71.
- WKHS has $35.85M in cash and short term investments. This is not sufficient to cover its annual cash burn of $141.71M.
- WKHS profit margin has gone up by 13.88 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
How are WKHS Revenues/Earnings doing?
Last year, WKHS revenue was $13.09M. Over the past five year, WKHS's revenue has increased by 76.56% per year. This was faster than the Auto Manufacturers industry average of 38.77%.
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.
Ryan Wesley Gaul, President Commercial Vehicles of WKHS, was the latest WKHS insider to sell. They sold $322.32 worth of WKHS stock on Apr 22, 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
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other traders have to say.
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.
Press the Open Trade button and eToro will place the order.
If you require additional help buying stocks on eToro, watch the helpful video below:
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:
- Figure out where to buy Workhorse Group stock
- Open your brokerage account
- Deposit funds into your investment account
- Evaluate Workhorse Group stock
- Execute your WKHS purchase
- Watch your investment in WKHS
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep tabs on your investment in Workhorse Group, create a watchlist today.
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