Analysts Are Bullish On This Electric Vehicle Stock, Should You Roll With Workhorse Group Inc (WKHS) Friday?

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Friday, July 28, 2023 01:41 PM | InvestorsObserver Analysts

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Workhorse Group Inc (WKHS) is a player in the electric vehicle industry that is higher by 9.12% Friday. InvestorsObserver is giving Workhorse Group Inc (WKHS) an Analyst Rating Rank of 20, meaning WKHS is ranked higher by analysts than 20% of stocks. The average price target for WKHS is $2.5 and analyst’s rate the stock as a Buy.

Overall Score - 3.5
Wall Street analysts are rating WKHS a Buy today. Find out what this means to you and get the rest of the rankings on WKHS!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What’s Happening With Workhorse Group Inc Stock Today?

Workhorse Group Inc (WKHS) stock is trading at $1.18 as of 1:41 PM on Friday, Jul 28, an increase of $0.10, or 9.12% from the previous closing price of $1.08. The stock has traded between $1.07 and $1.19 so far today. Volume today is low. So far 4,926,344 shares have traded compared to average volume of 12,410,156 shares.

Click Here to get the full Stock Report for Workhorse Group Inc stock.

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