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WKHS Workhorse Group Price TargetsBrokerage firms use ratings when they issue stock recommendations to stock traders. They usually have 1 year target from the moment they release the Ratings. On 6/4/2021 Cowen Brokerage Downgraded WKHS to Market Perform $13.00 On 5/10/2021 Roth Capital Brokerage Lowered the Price Target from $15.00 to $8.50 On 4/16/2021 B. Riley Brokerage Initiated Coverage with a Buy rating and a $20.00 Price Target Looking at the volume and ratings, i would expect a short term upside potential! I`m looking forward to read your opinions about it!
NASDAQ:WKHSLong
by TopgOptions
7
Workhorse - finished accumulation, is the stock headed to 30$ ?Workhorse is one of our favorite EV stocks, one of the reasons for that is because it's been around for a while (started in 2007) and they are not just dealing with EV and EV batteries but also with Drone technology. Drone technology is expected to grow its use widely in the USA and following the announcement of the FAA that drones need to remotely identify themselves while in flight 2 weeks ago, made us the investors understand drones are getting into the mainstream technology space. It's worth mentioning here that Boeing (BA) got several contracts from the US Army to build advanced drones with minimum human supervision and a high level of AI and automation that will make drones the perfect tool for espionage and other covert missions. One last thing to mention on WKHS is their big contracts for delivery trucks with united states post office service (USPS) which we were a bit hesitant about till a few weeks ago when they announced it is going as planned. Let’s talk about the important part – Technical: So, this is pretty easy to understand – WKHS has been trading sideways from the beginning of December from 20$ to 23$. The stock broke resistance level on Jan 5th and the 23$ line is now our new support level, although it needs to be tested again. After the rally stock went down back to the 23$ line and now we are facing two possibilities : 1. Stock breaks through 27$ line and starts accumulating there and then touch 30$ 2. Stock drops to the 20$ line and from there we will see a sideways trend for several weeks to months. If we see the second option happening this will be a great time to do more ‘dollar cost averaging’ and buy the stock at a low price. We do not have a doubt that WKHS is crossing the 50$ line before the end of 2021 – I believe way before… One main thing we need to watch is the volume of the stock: avg volume last 3 months is: 14.7M avg volume last 1 month is: 17.5M avg volume last week is: 9M We can see a decrease in volume meaning a lower sentiment (“Buzz”) around the stock. But I will use a quote here directly from InsiderMonkey: “WKHS has seen an increase in hedge fund interest lately. Workhorse Group, Inc. (NASDAQ: WKHS) was in 13 hedge funds’ portfolios at the end of the third quarter of 2020. The all-time high for this statistic is 10. This means the bullish number of hedge fund positions in this stock currently sits at its all-time high.” This is big news for the stock and it means we are looking at an accumulation stage before a mark-up phase which will cause the stock to rally up again!!! We are long on the stock and we will keep buying more in our portfolio. Trade safe and be safe!! FDGT Academy.
NASDAQ:WKHSLong
by FDGT_academy
2
WKHS Workhorse Big Electric Truck Order | BullishPride Group Enterprises, which operates 17 retail and rental truck locations in the U.S. and Canada, ordered 6,320 vans for delivery between this July and 2026. Cincinnati-based Workhorse expects to build 1,800 vans this year. Workhorse plans to begin fulfilling a pending order from United Parcel Service (NYSE: UPS) for 950 C-Series vans this year. It had a total backlog of about 1,100 vans at the end of the third quarter of 2020, not counting a 500-truck order from commercial vehicle distributor Pritchard Cos. (source: benzinga.com) Please leave me a message if you want to test the buy and sell indicators that i am using.
NASDAQ:WKHSLong
by BuySellMarketMaker
$WKHS Workhorse Group INCYTD VIEW Auto Fibs MA on 20 for length MACD looking VERY BULLISH Well, what can I say?? BUY WORKHORSE!!!! I've held from the 16th till now. Huge mistake not really checking out my move but I held strong and now above my mark of $23. Still waiting on the greatest news ever I assume but at the same time, watching to see if this can continue on its roll. I would love to see $46 to be honest. Patience would be KEY! Very Proud of workhorse. I actually love the company idea and what they've accomplish. Good Stuff Work Horse! NASDAQ:WKHS The nerve of my friend calling this company pony horse... lol ASSHOLE jp! #WORKHORSEGROUPINC #TradeSafe #InvestSmartWAAS
NASDAQ:WKHSLong
by CriptoWild1
12