![]() Letting go of the problems of the past can be hard to do. So, maybe we should be grateful that WKHS stock came down to a very reasonable price point. For an electric-vehicle stock, that's a great value. On the positive side, though, Workhorse's trailing 12-month price-to-earnings ratio is just 23.65. Since the stock is much more volatile than the broader market, it's crucial to maintain small position sizes if you choose to invest. After peaking in the $40's, the Workhorse share price embarked on a multi-month slide which, as of mid-October, was still in progress.Īt this point, I should also mention that WKHS stock has a five-year monthly beta of 2.76. Unfortunately, folks who got caught up in the hype phase were severely punished. Bear in mind, this stock cost less than $1 at one point, back in 2019. On February 4, WKHS stock topped out at $42.96. At the same time, the current share price might be the bottom - and it would be a shame if you missed out on the best part of the electric vehicle ride.įor Workhorse's long-term investors, early 2021 could be referred to as the "good old days." ![]() Ironically enough, 2021's last mile could deliver Workhorse's best results. ![]() After all, a reduced share price could mean enhanced value and a better reward-to-risk profile for prospective investors. However, now that WKHS stock is trading at a significant discount, it's time to give Workhorse a second look. Granted, the company has had its share of problems, which informed investors cannot ignore. Now that the share price has come back to earth, it's hard to find any Workhorse bulls on Wall Street. ![]() When WKHS stock was soaring, traders had a love affair with Workhorse - but that didn't last very long. It's fascinating to have witnessed the change in sentiment over electric delivery van maker Workhorse Group (NASDAQ: WKHS). ![]()
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