4/3/2023 0 Comments Will workhorse stock go up![]() ![]() The takeaway is that with potential contracts like the one with FedEx and the momentum that would build in its wake it is certain that Ford will not only outproduce Workhorse Group in terms of production but outcompete as well. Tesla CEO Elon Musk says the company wants to sell 20 million EVs annually by 2030. With an annual sales average near 2 million annually that puts Ford at about 1 million in annual EV sales which is a target market leader Tesla ( NASDAQ: TSLA ) has already achieved. The company is targeting 2 million in annual EV sales by the end of 2026 and for 50% of sales to be EV by 2030. According to Brian Phillips, president, and CEO of FedEx Office, "FedEx SameDay City is a perfect use-case for testing the capabilities of the Ford E-Transit." In regards to the size of the potential order, FedEx's ground fleet uses more than 170,000 vehicles which could equate to more than $7.5 billion in sales over the next 18 years.Īnd Ford's EV plans do not end there. The test includes 10 e-Transit vans in 9 markets focused on a range of weather and road conditions faced by FedEx's SameDay City services. FedEx is aiming to completely electrify its fleet by 2040 which could be a windfall contract for Ford and Ford investors. March Stanley Raymond, the VP, Business Development of Workhorse Group Inc., purchase 1,000 shares at $1.90 during a trade that took place back on Dec 13, which means that March Stanley Raymond is holding 43,000 shares at $1,900 based on the most recent closing price.FedEx ( NYSE: FDX ) and Ford ( NYSE: F ) sent a ripple through the EV market when they announced a test run of Ford's e-Transit vans. After this action, March Stanley Raymond now owns 67,000 shares of Workhorse Group Inc., valued at $45,120 using the latest closing price. Reports are indicating that there were more than several insider trading activities at WKHS starting from March Stanley Raymond, who purchase 24,000 shares at the price of $1.88 back on Dec 14. saw 63.82% in overturn over a single year, with a tendency to cut further gains. Over the last 50 days, in opposition, the stock is trading +2.47% upper at present.ĭuring the last 5 trading sessions, WKHS rose by +19.71%, which changed the moving average for the period of 200-days by -27.19% in comparison to the 20-day moving average, which settled at $2.03. Volatility was left at 8.05%, however, over the last 30 days, the volatility rate increased by 10.21%, as shares surge +47.34% for the moving average over the last 20 days. ![]() WKHS Trading at 27.14% from the 50-Day Moving AverageĪfter a stumble in the market that brought WKHS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.80% of loss for the given period. ROTH Capital gave a rating of “Buy” to WKHS, setting the target price at $7 in the report published on March 02nd of the previous year. The rating they have provided for WKHS stocks is “Buy” according to the report published on March 03rd, 2022. Lafferty, on the other hand, stated in their research note that they expect to see WKHS reach a price target of $6, previously predicting the price at $4. Many brokerage firms have already submitted their reports for WKHS stocks, with ROTH Capital repeating the rating for WKHS by listing it as a “Neutral.” The predicted price for WKHS in the upcoming period, according to ROTH Capital is $3.50 based on the research report published on August 09th of the previous year 2022. The simple moving average for the period of the last 20 days is 24.97% for WKHS stocks with a simple moving average of -8.74% for the last 200 days. The volatility ratio for the week stands at 10.21% while the volatility levels for the past 30 days are set at 8.05% for Workhorse Group Inc. WKHS stocks went up by 19.71% for the week, with a monthly jump of 53.70% and a quarterly performance of -8.12%, while its annual performance rate touched -28.86%. ![]() Today, the average trading volume of WKHS was 3.79M shares. WKHS currently public float of 157.75M and currently shorts hold a 28.33% ratio of that float. The average price from analysts is $4.50, which is $2.01 above the current price. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.Ĭlick here to download your Free Research Report… We've put together a free research report that explains all the details. It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. Microchip Maker Releases "World's Most Powerful Data Center CPU". ![]()
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