|Bid||14.56 x 1000|
|Ask||14.58 x 1100|
|Day's range||13.58 - 15.93|
|52-week range||4.08 - 42.96|
|Beta (5Y monthly)||2.78|
|PE ratio (TTM)||21.29|
|Earnings date||10 May 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||12.70|
Shares of would-be electric-truck producer Workhorse Group (NASDAQ: WKHS) jumped more than 12% in early trading on the Nasdaq today but have since settled down to just a 4% gain as of 1:40 p.m. EDT. Four months ago, if you recall, Workhorse suffered a near-fatal blow when the U.S. Postal Service (USPS) awarded a massive $482 million initial order for "Next Generation Delivery Vehicles" (i.e., new mail trucks) not to Workhorse but to rival bidder Oshkosh (NYSE: OSK) and its internal combustion-powered trucks instead. This was quite a letdown for Workhorse, which had promised to build cutting-edge electric trucks for the post office, possibly equipped with even more cutting-edge rooftop drones for delivery to isolated locations.
WASHINGTON (Reuters) -Electric vehicle company Workhorse Group filed a legal challenge on Wednesday to the U.S. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. Workhorse had proposed building an all-electric vehicle fleet for USPS and has support of many U.S. lawmakers. USPS did not immediately comment.
Investors need to pay close attention to Workhorse (WKHS) stock based on the movements in the options market lately.