Workhorse Group Inc. (WKHS)

NASDAQ: WKHS · IEX Real-Time Price · USD
0.228
-0.004 (-1.77%)
Mar 28, 2024, 9:59 AM EDT - Market open

Total Valuation

WKHS has a market cap or net worth of $71.71 million. The enterprise value is $64.89 million.

Market Cap 71.71M
Enterprise Value 64.89M

Important Dates

The last earnings date was Tuesday, March 12, 2024, before market open.

Earnings Date Mar 12, 2024
Ex-Dividend Date n/a

Share Statistics

WKHS has 314.83 million shares outstanding. The number of shares has increased by 30.72% in one year.

Shares Outstanding 314.83M
Shares Change (YoY) +30.72%
Shares Change (QoQ) -3.98%
Owned by Insiders (%) 6.39%
Owned by Institutions (%) 16.37%
Float 308.81M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 5.48
Forward PS 1.11
PB Ratio 0.86
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 4.96
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 1.76, with a Debt / Equity ratio of 0.35.

Current Ratio 1.76
Quick Ratio 0.76
Debt / Equity 0.35
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -13.21

Financial Efficiency

Return on equity (ROE) is -121.50% and return on invested capital (ROIC) is -93.90%.

Return on Equity (ROE) -121.50%
Return on Assets (ROA) -76.70%
Return on Capital (ROIC) -93.90%
Revenue Per Employee $43,942
Profits Per Employee -$415,836
Employee Count 298
Asset Turnover 0.08
Inventory Turnover 1.41

Taxes

Income Tax -110,524
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -81.74% in the last 52 weeks. The beta is 2.50, so WKHS's price volatility has been higher than the market average.

Beta (1Y) 2.50
52-Week Price Change -81.74%
50-Day Moving Average 0.28
200-Day Moving Average 0.54
Relative Strength Index (RSI) 40.26
Average Volume (30 Days) 8,773,572

Short Selling Information

The latest short interest is 52.37 million, so 16.63% of the outstanding shares have been sold short.

Short Interest 52.37M
Short Previous Month 52.84M
Short % of Shares Out 16.63%
Short % of Float 16.96%
Short Ratio (days to cover) 5.97

Income Statement

In the last 12 months, WKHS had revenue of $13.09 million and -$123.92 million in losses. Loss per share was -$0.60.

Revenue 13.09M
Gross Profit -25.26M
Operating Income -105.30M
Pretax Income -124.03M
Net Income -123.92M
EBITDA -109.73M
EBIT -115.30M
Loss Per Share -$0.60
Full Income Statement

Balance Sheet

The company has $35.85 million in cash and $29.02 million in debt, giving a net cash position of $6.82 million or $0.02 per share.

Cash & Cash Equivalents 35.85M
Total Debt 29.02M
Net Cash 6.82M
Net Cash Per Share $0.02
Equity / Book Value 83.11M
Book Value Per Share 0.26
Working Capital 40.54M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$123.02 million and capital expenditures -$18.69 million, giving a free cash flow of -$141.71 million.

Operating Cash Flow -123.02M
Capital Expenditures -18.69M
Free Cash Flow -141.71M
FCF Per Share -$0.68
Full Cash Flow Statement

Margins

Gross margin is -192.87%, with operating and profit margins of -804.13% and -946.33%.

Gross Margin -192.87%
Operating Margin -804.13%
Pretax Margin -947.17%
Profit Margin -946.33%
EBITDA Margin -837.96%
EBIT Margin -880.49%
FCF Margin -1,082.20%

Dividends & Yields

WKHS does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -30.72%
Shareholder Yield -30.72%
Earnings Yield -172.79%
FCF Yield -197.60%

Analyst Forecast

The average price target for WKHS is $1.60, which is 589.95% higher than the current price. The consensus rating is "Hold".

Price Target $1.60
Price Target Difference 589.95%
Analyst Consensus Hold
Analyst Count 4
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on December 11, 2015. It was a reverse split with a ratio of 1:10.

Last Split Date Dec 11, 2015
Split Type Reverse
Split Ratio 1:10

Scores

WKHS has an Altman Z-Score of -8.94 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score -8.94
Piotroski F-Score 4