Long Position on WKHS @ $21.25 on 9/9/2020 (Fundamentals)

Workhorse Group Inc. (WKHS) designs, manufactures, builds, sells, and leases battery-electric vehicles and aircraft in the United States.

It operates through two divisions, Automotive and Aviation.

The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency.

Its products include electric cargo vans, and medium and light-duty pickup trucks, as well as HorseFly delivery drones systems.

The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015.

Workhorse Group Inc. reported a 2nd Quarter June 2020 loss of $0.12 per share on revenue of $0.1 million. The consensus estimate was a loss of $0.12 per share on revenue of $1.0 million. Revenue grew 1,433.3% on a year-over-year basis.

This stock has recently hit a new 52-week high and this momentum should continue to push shares out of its "bullish cup and handle".

Entry Point: $21.25

Stop Loss: $20.15

Trading Range: $1.32 to $23.85

Target Price: $23.35

Updates

9/10/2020 10:20:12 AM

WKHS closed at $24.20

Position closed on 9/10/2020 at price of $24.20 with a 13.88% gain in 1 days.

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