7/6/2023 0 Comments Workhorse stock forecast 2025![]() ![]() All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Workhorse Group Inc Stock Add to Watchlist Overview Forecast Earnings. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Workhorse Stock Prediction 2025 Lancaster pa sight and sound masonic lodge equipment. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. 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.Most stock quote data provided by BATS. 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. ( NASDAQ: WKHS) stock closed Friday below 4, at its lowest level in more than 18 months. 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 Over the next 52 weeks, NIO has on average historically risen by 225.3 based on the past 4 years of stock performance.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. I based this on the fact that until the company wins the large U.S.
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