WASHINGTON (Reuters) -Electric vehicle company Workhorse Group voluntarily dismissed on Tuesday its legal challenge against a U.S.
By 2005, they were taken over by Navistar International, which had been selling them diesel engines.
#Workhorse stock forecast 2030 series
Workhorse Custom Chassis, LLC was founded in 1998 by investors who took over the production of General Motors' P30/P32 series stepvan and motorhome chassis. Workhorse will rise to $10 within the year of 2025 and $20 in 2030.īased on an algorithm-based Workhorse share price forecast at the time of writing (22 March) from Wallet Investor, it viewed the stock as an "outstanding" short term in investment and forecasted the WKHS stock may increase to $6.88 by this time next year. Workhorse stock price stood at $2.74 According to the latest long-term forecast, Workhorse price will hit $3 by the end of 2022 and then $5 by the end of 2023. The average price target represents a 108.33% change from the last price of $3.00. The average price target is $6.25 with a high forecast of $11.00 and a low forecast of $3.00. It is yet to recover from the costly recall of 41 vehicles issued in 2021.īased on 4 Wall Street analysts offering 12 month price targets for Workhorse Group in the last 3 months. Workhorse's agreement with Canada's GreenPower is achievable since the company's working capital at the end of 2021 was $188.6 million from $216.2 million in current assets and $27.6 million. Irrespective of where the stock's price may move in 2022, the company's fundamentals and long-term prospects don't look very bright as of now. Only 35.21% of the stock of Workhorse Group is held by institutions.Įven though Workhorse stock's price looks attractive, it seems best to avoid this stock right now. Only 2.04% of the stock of Workhorse Group is held by insiders. In the past three months, Workhorse Group insiders have not sold or bought any company stock. Workhorse Group does not have a long track record of dividend growth. Is Workhorse Group efficiently growing its dividend? On average, they anticipate Workhorse Group's share price to reach $9.38 in the next twelve months. Their forecasts range from $7.50 to $14.00.
What price target have analysts set for WKHS? 6 equities research analysts have issued 1-year price objectives for Workhorse Group's shares. What price target do analysts set for WKHS? How do I buy shares of Workhorse Group? Shares of WKHS can be purchased through any online brokerage account. View insider buying and selling activity for Workhorse Group or or view top insider-buying stocks. WKHS stock was acquired by a variety of institutional investors in the last quarter, including National Bank of Canada FI. How much money does Workhorse Group make? Workhorse Group has a market capitalization of $478.88 million and generates $1.39 million in revenue each year. One share of WKHS stock can currently be purchased for approximately $3.07.
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