Workhorse Group Stock Probability of Future Stock Price Finishing Over 0.23

WKHS Stock  USD 0.23  0.01  4.55%   
Workhorse's implied volatility is one of the determining factors in the pricing options written on Workhorse Group. Implied volatility approximates the future value of Workhorse based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Workhorse Group over a specific time period. For example, 2024-04-05 CALL at $0.5 is a CALL option contract on Workhorse's common stock with a strick price of 0.5 expiring on 2024-04-05. The contract was last traded on 2024-03-21 at 12:16:00 for $0.01 and, as of today, has 7 days remaining before the expiration. The option is currently trading at a bid price of $0.0, and an ask price of $0.01. The implied volatility as of the 28th of March is 434.74. View All Workhorse options

Closest to current price Workhorse long CALL Option Payoff at Expiration

Workhorse's future price is the expected price of Workhorse instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Workhorse Group performance during a given time horizon utilizing its historical volatility. Check out Workhorse Backtesting, Workhorse Valuation, Workhorse Correlation, Workhorse Hype Analysis, Workhorse Volatility, Workhorse History as well as Workhorse Performance.
  
Price Earnings To Growth Ratio is likely to gain to 0.06 in 2024, whereas Price Earnings Ratio is likely to drop (0.63) in 2024. Please specify Workhorse's target price for which you would like Workhorse odds to be computed.

Workhorse Target Price Odds to finish over 0.23

The tendency of Workhorse Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 0.23 90 days 0.23 
about 90.49
Based on a normal probability distribution, the odds of Workhorse to move above the current price in 90 days from now is about 90.49 (This Workhorse Group probability density function shows the probability of Workhorse Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.19 . This entails as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Workhorse will likely underperform. Additionally Workhorse Group has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Workhorse Price Density   
       Price  

Predictive Modules for Workhorse

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Workhorse Group. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Workhorse's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.010.226.68
Details
Intrinsic
Valuation
LowRealHigh
0.040.757.21
Details
Naive
Forecast
LowNextHigh
00.236.69
Details
6 Analysts
Consensus
LowTargetHigh
2.122.332.59
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Workhorse. Your research has to be compared to or analyzed against Workhorse's peers to derive any actionable benefits. When done correctly, Workhorse's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Workhorse Group.

Workhorse Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Workhorse is not an exception. The market had few large corrections towards the Workhorse's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Workhorse Group, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Workhorse within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.69
β
Beta against NYSE Composite1.19
σ
Overall volatility
0.05
Ir
Information ratio -0.11

Workhorse Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Workhorse for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Workhorse Group can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
Workhorse Group generated a negative expected return over the last 90 days
Workhorse Group has high historical volatility and very poor performance
Workhorse Group has some characteristics of a very speculative penny stock
Workhorse Group has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 13.09 M. Net Loss for the year was (123.92 M) with loss before overhead, payroll, taxes, and interest of (32.65 M).
Workhorse Group currently holds about 140.06 M in cash with (123.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Workhorse Group has a frail financial position based on the latest SEC disclosures
Latest headline from finance.yahoo.com: Ballard Announces Appointment of Jacqui Dedo to Board of Directors

Workhorse Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Workhorse Stock often depends not only on the future outlook of the current and potential Workhorse's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Workhorse's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding207.3 M
Cash And Short Term Investments35.8 M

Workhorse Technical Analysis

Workhorse's future price can be derived by breaking down and analyzing its technical indicators over time. Workhorse Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Workhorse Group. In general, you should focus on analyzing Workhorse Stock price patterns and their correlations with different microeconomic environments and drivers.

Workhorse Predictive Forecast Models

Workhorse's time-series forecasting models is one of many Workhorse's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Workhorse's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Workhorse Group

Checking the ongoing alerts about Workhorse for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Workhorse Group help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Workhorse Group generated a negative expected return over the last 90 days
Workhorse Group has high historical volatility and very poor performance
Workhorse Group has some characteristics of a very speculative penny stock
Workhorse Group has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 13.09 M. Net Loss for the year was (123.92 M) with loss before overhead, payroll, taxes, and interest of (32.65 M).
Workhorse Group currently holds about 140.06 M in cash with (123.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.86, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Workhorse Group has a frail financial position based on the latest SEC disclosures
Latest headline from finance.yahoo.com: Ballard Announces Appointment of Jacqui Dedo to Board of Directors
When determining whether Workhorse Group is a strong investment it is important to analyze Workhorse's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Workhorse's future performance. For an informed investment choice regarding Workhorse Stock, refer to the following important reports:
Check out Workhorse Backtesting, Workhorse Valuation, Workhorse Correlation, Workhorse Hype Analysis, Workhorse Volatility, Workhorse History as well as Workhorse Performance.
Note that the Workhorse Group information on this page should be used as a complementary analysis to other Workhorse's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Workhorse's price analysis, check to measure Workhorse's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Workhorse is operating at the current time. Most of Workhorse's value examination focuses on studying past and present price action to predict the probability of Workhorse's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Workhorse's price. Additionally, you may evaluate how the addition of Workhorse to your portfolios can decrease your overall portfolio volatility.
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Is Workhorse's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Workhorse. If investors know Workhorse will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Workhorse listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
190.435
Earnings Share
(0.60)
Revenue Per Share
0.063
Quarterly Revenue Growth
0.278
Return On Assets
(0.40)
The market value of Workhorse Group is measured differently than its book value, which is the value of Workhorse that is recorded on the company's balance sheet. Investors also form their own opinion of Workhorse's value that differs from its market value or its book value, called intrinsic value, which is Workhorse's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Workhorse's market value can be influenced by many factors that don't directly affect Workhorse's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Workhorse's value and its price as these two are different measures arrived at by different means. Investors typically determine if Workhorse is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Workhorse's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.