Workhorse Group Stock Current Ratio
| WKHS Stock | USD 0.16 0.01 6.67% |
Workhorse Group fundamentals help investors to digest information that contributes to Workhorse's financial success or failures. It also enables traders to predict the movement of Workhorse Stock. The fundamental analysis module provides a way to measure Workhorse's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Workhorse stock.
| Last Reported | Projected for Next Year | ||
| Current Ratio | 1.76 | 1.62 |
Workhorse | Current Ratio |
Workhorse Group Company Current Ratio Analysis
Workhorse's Current Ratio is calculated by dividing the Current Assets of a company by its Current Liabilities. It measures whether or not a company has enough cash or liquid assets to pay its current liability over the next fiscal year. The ratio is regarded as a test of liquidity for a company.
Current Workhorse Current Ratio | 9.30 X |
Most of Workhorse's fundamental indicators, such as Current Ratio, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Workhorse Group is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Workhorse Current Ratio Driver Correlations
Understanding the fundamental principles of building solid financial models for Workhorse is extremely important. It helps to project a fair market value of Workhorse Stock properly, considering its historical fundamentals such as Current Ratio. Since Workhorse's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Workhorse's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Workhorse's interrelated accounts and indicators.
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Workhorse Current Ratio Historical Pattern
Today, most investors in Workhorse Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Workhorse's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current ratio growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Workhorse current ratio as a starting point in their analysis.
Workhorse Current Ratio |
| Timeline |
Typically, short-term creditors will prefer a high current ratio because it reduces their overall risk. However, investors may prefer a lower current ratio since they are more concerned about growing the business using assets of the company. Acceptable current ratios may vary from one sector to another, but the generally accepted benchmark is to have current assets at least as twice as current liabilities (i.e., Current Ration of 2 to 1).
| Competition |
Workhorse Price To Sales Ratio
Price To Sales Ratio |
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In accordance with the recently published financial statements, Workhorse Group has a Current Ratio of 9.3 times. This is 309.69% higher than that of the Automobile Components sector and notably higher than that of the Consumer Discretionary industry. The current ratio for all United States stocks is notably lower than that of the firm.
Workhorse Current Ratio Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Workhorse's direct or indirect competition against its Current Ratio to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Workhorse could also be used in its relative valuation, which is a method of valuing Workhorse by comparing valuation metrics of similar companies.Workhorse is currently under evaluation in current ratio category among related companies.
Workhorse Current Valuation Drivers
We derive many important indicators used in calculating different scores of Workhorse from analyzing Workhorse's financial statements. These drivers represent accounts that assess Workhorse's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Workhorse's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 195.5M | 1.8B | 561.0M | 241.0M | 74.6M | 70.9M | |
| Enterprise Value | 210.7M | 2.0B | 385.6M | 151.9M | 67.8M | 64.4M |
Workhorse Fundamentals
| Return On Equity | -1.29 | ||||
| Return On Asset | -0.4 | ||||
| Operating Margin | (7.78) % | ||||
| Current Valuation | 53.04 M | ||||
| Shares Outstanding | 314.61 M | ||||
| Shares Owned By Insiders | 6.35 % | ||||
| Shares Owned By Institutions | 16.39 % | ||||
| Number Of Shares Shorted | 55.34 M | ||||
| Price To Earning | 2.99 X | ||||
| Price To Book | 0.73 X | ||||
| Price To Sales | 4.68 X | ||||
| Revenue | 13.09 M | ||||
| Gross Profit | (32.65 M) | ||||
| EBITDA | (101.24 M) | ||||
| Net Income | (123.92 M) | ||||
| Cash And Equivalents | 140.06 M | ||||
| Cash Per Share | 0.86 X | ||||
| Total Debt | 29.02 M | ||||
| Debt To Equity | 0.06 % | ||||
| Current Ratio | 9.30 X | ||||
| Book Value Per Share | 0.29 X | ||||
| Cash Flow From Operations | (123.02 M) | ||||
| Short Ratio | 4.67 X | ||||
| Earnings Per Share | (0.60) X | ||||
| Target Price | 0.57 | ||||
| Number Of Employees | 298 | ||||
| Beta | 2.43 | ||||
| Market Capitalization | 49.83 M | ||||
| Total Asset | 141.67 M | ||||
| Retained Earnings | (751.57 M) | ||||
| Working Capital | 40.54 M | ||||
| Current Asset | 10.91 M | ||||
| Current Liabilities | 18.42 M | ||||
| Net Asset | 141.67 M |
About Workhorse Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Workhorse Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Workhorse using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Workhorse Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Workhorse Implied Volatility | 0.0 |
Workhorse's implied volatility exposes the market's sentiment of Workhorse Group stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Workhorse's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Workhorse stock will not fluctuate a lot when Workhorse's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Workhorse in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Workhorse's short interest history, or implied volatility extrapolated from Workhorse options trading.
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.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 Piotroski F Score and Workhorse Altman Z Score analysis. 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Complementary Tools for Workhorse Stock analysis
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.