FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. You should do your own thorough research before making any investment decisions. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Information on these pages contains forward-looking statements that involve risks and uncertainties. Workhorse still has the first wheels on the ground advantage and investors should hope that they continue to carve out a niche in the last-mile delivery industry before the likes of Nikola and Tesla hit the roads. The deal marks a major strategic leap for Workhorse as it attempts to broaden its reach throughout America without the brand names of GM or Tesla as its backer. WKHS has jumped nearly 20% from the start of the day on Friday after a separate agreement with Hitachi America (OTCMKTS:HTHIY) will give Workhorse access to Hitachi’s operations and supply chain. Nikola is said to be preparing to launch its Badger truck production by the end of 2022 – putting them in direct competition with Workhorse and the Tesla Semi for the future. Nikola shares were up over 40% on Tuesday after General Motors announced it will be Nikola’s strategic manufacturing partner – giving GM an 11% stake in the electric truck manufacturer. The recently announced partnership between General Motors Company (NYSE:GM) and Nikola (NASDAQ:NKLA) sent the electric truck industry into a frenzy. Shares are now trading well above the 60-day and 200-day moving averages and are up over 523% from the 52-week low price of $1.32. It has been an eventful year for Workhorse investors as the stock has tailed the likes of Tesla (NASDAQ:TSLA) and Nio (NYSE:NIO) during the recent surge of the electric-vehicle sector. Workhorse Group officially hit a new all-time high on Tuesday at $23.85 before settling back down and closing the day at $21.38. NASDAQ:WKHS has spiked for the second straight trading session despite the broader markets in the midst of a correction. S&P 500 Futures fade pullback from monthly low, eye more clues for ECB, Brexit talks.Workhorse continues to be the first movers in last-mile delivery space for zero-emission vehicles.General Motors and Nikola strike a deal that re-ignites investor interest in electric trucks.NASDAQ:WKHS hits new all-time high on Tuesday despite NASDAQ dipping for third straight session.Company’s earnings per share (EPS) for the current quarter are expected to be -$0.12.
0 analyst(s) has rated the stock Underweight. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. WKHS has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. That translates to a mean rating of 2.50. (WKHS) received a consensus recommendation of an Overweight from analysts. The company’s market capitalization is $405.16M, and the average intraday trading volume over the past 10 days was 3.36 million shares, and the average trade volume was 3.77 million shares over the past three months. The 52-week high for the WKHS share is $7.80, that puts it down -194.34 from that peak though still a striking 20.38% gain since the share price plummeted to a 52-week low of $2.11. At the end of the trading day, the stock’s price was $2.65, reflecting an intraday loss of -4.68% or -$0.13. (NASDAQ:WKHS)’s traded shares were 3.85 million, with the beta value of the company hitting 2.94. During the last session, Workhorse Group Inc.
0 kommentar(er)
