Therefore, given that WKHS stock looks overvalued, it might be best to wait on seeing how its earnings turn out over the next several quarters. The magazine also noted that the contract is “subject to various production and delivery conditions.” That could be one reason why analysts are still somewhat hesitant to raise their earnings and price targets. This is just 5% above today’s price.īarron’s noted that the Pride Group order seems to be for substantially more trucks than its own fleet. And six analysts surveyed by Yahoo! Finance have a consensus price target of $25. Moreover, five analysts surveyed by have an average price target of just $24 per share. Workhorse is trading today at just under $23. MarketBeat shows that their average target is $19.57 per share from eight analysts. Analysts who cover the stock have valuations below today’s price. I am not the only one who thinks WKHS stock is trading too high. In short, WKHS stock is clearly fully valued. That implies a high degree of variance, risk and it will likely be subject to change. However, that puts it at 10.75x earnings but for five years in the future. It is not until 2025, with a forecast EPS of $2.21, that the stock has a reasonable valuation. That still makes it worth 74x earnings for 2023. In fact, analysts don’t expect meaningful profits until 2023 when it could make 32 cents per share. More importantly, the company is still forecast to lose money this year. There is still no word as to when the government will make that decision.īased on analysts’ estimates today, WKHS stock trades for 20.7x sales for 2021. However, nothing will compare with the effect that winning the Postal Service contract will have, since it is so large at $6.3 billion. However, in a sense, it already is, since analysts expect to see large growth, especially if the Postal Service contract comes through.įor example, four months earlier Workhorse had signed a technology agreement with Hitachi America and Hitachi Capital America Corp. Therefore, it is possible the contract may not already be included in analysts’ estimates already. This is pretty significant, especially if you consider that the company is only expected to make $138.6 million in sales during 2021.Īccording to the newspaper, the Pride order is expected to be completed in batches, with initial delivery slated for July. Workhorse’s CFO, Steve Shrader, said the order was worth $500 million, according to the Cincinnati Business Courier. 7 Stocks to Buy as the Biden Presidency Begins.There was no dollar value on the order, but it was for 6,320 C-Series all-electric delivery vehicles. Pride Group is a large Canadian and U.S.-based, privately held company with businesses in transportation equipment retail, wholesale, rental, leasing and logistics. This is despite the recent news that it won a large purchase order contract from Pride Group Enterprises. The problem with Workhorse right now is that the stock looks to be fully valued. However, in the last six months, WKHS stock has done well, up 42%. In the past month, Workhorse stock is up 10%. That contact could be worth as much as $6.3 billion and will be a company maker. Postal Service contract, the stock won’t move much. This happens once a day.I based this on the fact that until the company wins the large U.S. The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Workhorse Group shares. Workhorse Group stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. We forecast Workhorse Group stock performance using neural networks based on historical data on Workhorse Group stocks.Īlso, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. What is the future of Workhorse Group stock? What are analysts' forecasts for Workhorse Group stock? When should I record a loss on Workhorse Group stock? When should I take profit in Workhorse Group stock? How much will one Workhorse Group share be worth in If yes, then on this page you will find useful information about the dynamics of the Workhorse Group stocks and want to buy them, or are they already in your portfolio? Are you interested in Workhorse Group Inc.
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