Workhorse Group (NASDAQ:WKHS) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Workhorse Group, Inc. (NASDAQ:WKHS) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $4.85 and traded as low as $3.32. Workhorse Group shares last traded at $3.38, with a volume of 58,247 shares changing hands.

Workhorse Group Stock Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.21 and a quick ratio of 0.71. The stock’s 50-day simple moving average is $4.85 and its 200 day simple moving average is $9.96. The stock has a market capitalization of $7.33 million, a P/E ratio of -0.04 and a beta of 2.59.

Insider Activity at Workhorse Group

In other Workhorse Group news, Director Pamela S. Mader sold 5,051 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $6.51, for a total value of $32,882.01. Following the transaction, the director directly owned 140 shares of the company’s stock, valued at $911.40. This represents a 97.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard F. Dauch sold 8,564 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $6.51, for a total transaction of $55,751.64. Following the sale, the chief executive officer owned 1,310 shares of the company’s stock, valued at $8,528.10. This trade represents a 86.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,655 shares of company stock worth $251,644 in the last quarter. 1.91% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Workhorse Group

An institutional investor recently raised its position in Workhorse Group stock. Geode Capital Management LLC increased its position in shares of Workhorse Group, Inc. (NASDAQ:WKHS) by 32.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,684 shares of the company’s stock after purchasing an additional 11,073 shares during the period. Geode Capital Management LLC owned approximately 0.47% of Workhorse Group worth $49,000 as of its most recent filing with the Securities and Exchange Commission. 15.98% of the stock is currently owned by institutional investors.

Workhorse Group Company Profile

Workhorse Group Inc is a U.S.-based technology company specializing in the design and manufacture of electric vehicles and drone-integrated delivery solutions. Founded in 2007 and headquartered in Loveland, Ohio, Workhorse focuses on last-mile delivery, combining electric powertrain systems, advanced telematics and proprietary composite bodies to address the growing demand for sustainable logistics fleets.

The company’s core product lineup includes the N-GEN™ chassis, a modular electric vehicle platform available in Class 3–5 configurations, and the C-1000™ all-electric delivery van.