Long Position on WKHS @ $40.00 on 2/8/2021 (Momentum)

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

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 medium-duty trucks under the Workhorse brand; and 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 reported a 3rd Quarter September 2020 loss of $0.78 per share on revenue of $0.6 million.

The consensus estimate was a loss of $0.11 per share on revenue of $0.4 million. Revenue grew 14,025.0% on a year-over-year basis.

Entry point: $40.00

52-week trade range: $6.37 - $20.40

Stop/Loss: $38.25

Target Price: $44.25

Updates

2/24/2021 9:32:18 AM

WKHS closed at $14.40

Position closed on 2/24/2021 at price of $14.40 with a -64.00% loss in 16 days.

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