Workhorse Group Inc (NASDAQ:WKHS) has been given a $5.00 price objective by investment analysts at Maxim Group in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Maxim Group’s price objective would indicate a potential upside of 89.39% from the company’s current price.

Shares of Workhorse Group (NASDAQ WKHS) traded up 0.38% during midday trading on Wednesday, reaching $2.64. The company had a trading volume of 237,932 shares. Workhorse Group has a 12-month low of $1.85 and a 12-month high of $10.30. The stock’s market capitalization is $94.95 million. The stock’s 50 day moving average is $3.37 and its 200-day moving average is $3.05.

Workhorse Group (NASDAQ:WKHS) last announced its quarterly earnings results on Wednesday, May 10th. The company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.03. The business had revenue of $1.78 million for the quarter. Workhorse Group had a negative return on equity of 275.84% and a negative net margin of 445.47%. On average, equities research analysts predict that Workhorse Group will post ($0.87) earnings per share for the current fiscal year.

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An institutional investor recently bought a new position in Workhorse Group stock. LMR Partners LLP bought a new position in shares of Workhorse Group Inc (NASDAQ:WKHS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,044 shares of the company’s stock, valued at approximately $126,000. LMR Partners LLP owned about 0.09% of Workhorse Group as of its most recent filing with the SEC. 15.97% of the stock is currently owned by hedge funds and other institutional investors.

About Workhorse Group

Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.

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