Previous close | 1.2346 |
Open | 1.2220 |
Bid | 0.0000 x N/A |
Ask | 0.0000 x N/A |
Day's range | 1.1800 - 1.2800 |
52-week range | 1.1800 - 1.2800 |
Volume | |
Avg. volume | N/A |
Market cap | N/A |
Beta (5Y monthly) | 2.85 |
PE ratio (TTM) | N/A |
EPS (TTM) | -2.2270 |
Earnings date | 08 May 2023 - 12 May 2023 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
The last 24 hours have brought two less-than-bullish earnings reports for the electric vehicle industry and it's pulling the entire segment lower in trading on Wednesday. Rivian (NASDAQ: RIVN) started the trend when it released earnings after the market closed on Tuesday, but Workhorse Group's (NASDAQ: WKHS) report this morning didn't help. Shares of Workhorse are down 12.6% at 2 p.m. ET, Lucid Group (NASDAQ: LCID) has fallen 6.7%, Canoo (NASDAQ: GOEV) is down 2.7%, and battery supplier QuantumScape (NYSE: QS) has dropped 6.8%.
Workhorse (WKHS) delivered earnings and revenue surprises of -50% and 65.87%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...