Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. It also provides Metron, an air delivery application that tracks the performance of various the vehicles deployed.
The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
REWARDS
Revenue is forecast to grow 63.95% per year
RISK ANALYSIS
Makes less than USD$1m in revenue ($-852K)
Currently unprofitable and not forecast to become profitable over the next 3 years
Volatile share price over the past 3 months
Shareholders have been diluted in the past year
Mar 16
Insider recently bought US$169k worth of stock
On the 14th of March, Stan March bought around 50k shares on-market at roughly US$3.37 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Mar 08
Consensus revenue estimates increase by 48%
The consensus outlook for revenues in 2022 has improved.
2022 revenue forecast increased from US$16.0m to US$23.7m.
Forecast losses expected to reduce from -US$0.63 to -US$0.49 per share.
Auto industry in the US expected to see average net income growth of 5.7% next year.
Consensus price target down from US$7.58 to US$6.75.
Share price rose 16% to US$3.63 over the past week.
The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
REWARDS
Revenue is forecast to grow 63.95% per year
RISK ANALYSIS
Makes less than USD$1m in revenue ($-852K)
Currently unprofitable and not forecast to become profitable over the next 3 years
Volatile share price over the past 3 months
Shareholders have been diluted in the past year
Mar 16
Insider recently bought US$169k worth of stock
On the 14th of March, Stan March bought around 50k shares on-market at roughly US$3.37 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Mar 08
Consensus revenue estimates increase by 48%
The consensus outlook for revenues in 2022 has improved.
2022 revenue forecast increased from US$16.0m to US$23.7m.
Forecast losses expected to reduce from -US$0.63 to -US$0.49 per share.
Auto industry in the US expected to see average net income growth of 5.7% next year.
Consensus price target down from US$7.58 to US$6.75.
Share price rose 16% to US$3.63 over the past week.
Lord MEDZ