What is the fore ast for wkhs stock

The forecast for Workhorse Group (WKHS) stock is mixed, with analysts offering varying price targets and ratings. Here's a detailed analysis:

1. Analyst Ratings and Price Targets:

• The average analyst price target is $0.36, with a high forecast of $0.50 and a low forecast of $0.22.
• D.A. Davidson and Roth MKM have reiterated their price targets at $0.50 and $0.22, respectively.
• TD Cowen has also reiterated its price target at $0.36.

2. Market Sentiment:

• The sentiment is cautious, with a current hold rating from analysts and a recent downgrade to Sell from Hold by R.F. Lafferty.
• The stock has experienced significant volatility, with a recent trading range of $1.05 to $1.31 and a 7.14% loss for the last 2 weeks.

3. Technical Indicators:

• The stock has a buy signal from the short-term Moving Average but a general sell signal from the long-term average.
• There is a sell signal from the 3-month Moving Average Convergence Divergence (MACD), indicating potential further falls.

4. Company Fundamentals:

• Workhorse Group has a negative net margin and a negative return on equity, indicating losses from operations.
• The company has a 1-year low of $1.10 and a 1-year high of $20.80, reflecting its wide price range and recent volatility.

In conclusion, the forecast for WKHS stock is mixed, with analysts offering varying price targets and ratings. The cautious market sentiment and recent downgrades suggest that investors should exercise caution and consider their risk tolerance before investing in WKHS stock.