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Upturn AI SWOT - About
WKHS 
Workhorse Group Inc (WKHS)
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Upturn Advisory Summary
04/01/2025: WKHS (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type Stock | Historic Profit -71.34% | Avg. Invested days 21 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 5.54M USD | Price to earnings Ratio - | 1Y Target Price 2 |
Price to earnings Ratio - | 1Y Target Price 2 | ||
Volume (30-day avg) 395610 | Beta 2.79 | 52 Weeks Range 1.65 - 68.00 | Updated Date 04/2/2025 |
52 Weeks Range 1.65 - 68.00 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -97.12 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-03-10 | When Before Market | Estimate -4.375 | Actual -0.94 |
Profitability
Profit Margin - | Operating Margin (TTM) -564.54% |
Management Effectiveness
Return on Assets (TTM) -46.77% | Return on Equity (TTM) -157.31% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 23136859 | Price to Sales(TTM) 0.61 |
Enterprise Value 23136859 | Price to Sales(TTM) 0.61 | ||
Enterprise Value to Revenue 2.54 | Enterprise Value to EBITDA -0.62 | Shares Outstanding 3278520 | Shares Floating 2997194 |
Shares Outstanding 3278520 | Shares Floating 2997194 | ||
Percent Insiders 1.6 | Percent Institutions 4.82 |
Analyst Ratings
Rating 3 | Target Price 1 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 2 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Workhorse Group Inc
Company Overview
History and Background
Workhorse Group Inc. was founded in 2007, initially focusing on electric vehicle technology. They have primarily targeted the last-mile delivery market, developing electric delivery vans and related technologies. The company has faced challenges in scaling production and securing large contracts.
Core Business Areas
- Electric Vehicle (EV) Manufacturing: Design, manufacture, and sale of electric delivery vans, primarily targeting the last-mile delivery market.
- Telematics: Development and integration of telematics systems for fleet management and data collection.
Leadership and Structure
The company's leadership team includes key executives responsible for operations, finance, and technology. Organizational structure is hierarchical, with departments focused on engineering, manufacturing, sales, and marketing.
Top Products and Market Share
Key Offerings
- W56: The W56 is Workhorse's newest and improved last-mile delivery van. It aims to compete with other electric van manufacturers. Workhorse has not released specific revenue generated by the W56. Key competitors include BrightDrop (GM), Ford E-Transit, and Rivian.
- C-Series (discontinued): Formerly Workhorse's main product line, C-Series electric delivery vans were aimed at the last-mile delivery market. Production was discontinued, and vans were recalled due to safety concerns. Competitors included Ford and Mercedes-Benz in ICE Vans and Rivian and Brightdrop in EV Vans.
Market Dynamics
Industry Overview
The electric vehicle (EV) market is experiencing rapid growth, driven by increasing demand for sustainable transportation, government incentives, and technological advancements. The last-mile delivery segment is a key area of focus, with significant opportunities for EV adoption.
Positioning
Workhorse Group Inc. aims to be a leading provider of electric delivery vans. However, challenges in scaling production and securing contracts have hindered their market penetration. Competition is fierce with several well-capitalized competitors.
Total Addressable Market (TAM)
The global last-mile delivery market is projected to reach hundreds of billions of dollars. Workhorse is positioned to capture a segment of this TAM, but its success depends on overcoming production hurdles and effectively competing with established players and well-funded startups.
Upturn SWOT Analysis
Strengths
- Focus on electric last-mile delivery vehicles
- Established brand recognition in the EV space
- Proprietary technology in telematics and EV systems
Weaknesses
- Limited production capacity
- History of vehicle recalls
- Reliance on external funding
- High cash burn rate
Opportunities
- Growing demand for electric delivery vehicles
- Government incentives and subsidies for EVs
- Partnerships with logistics companies
- Expansion into new markets and applications
Threats
- Intense competition from established automakers and startups
- Supply chain disruptions
- Technological advancements by competitors
- Economic downturn affecting demand for commercial vehicles
Competitors and Market Share
Key Competitors
- RIVN
- LCID
- FSR
- GM
Competitive Landscape
Workhorse faces a highly competitive landscape, with rivals possessing greater financial resources, established production capabilities, and stronger brand recognition. Workhorse needs to innovate and execute effectively to gain a sustainable competitive advantage.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been limited due to production challenges and competition. Recent years have seen substantial volatility.
Future Projections: Future growth projections are highly uncertain and depend on successful scaling of production, securing contracts, and achieving profitability. Analyst estimates should be consulted for current projections.
Recent Initiatives: Recent initiatives include the launch of the W56, cost-cutting measures, and efforts to improve production efficiency.
Summary
Workhorse Group Inc. is in a weak position, facing significant production challenges, intense competition, and a history of vehicle recalls. While the company targets a high-growth market, its ability to capitalize on opportunities is constrained by its financial situation and operational difficulties. The introduction of the W56 and cost-cutting measures are positive steps, but substantial improvements are needed. Investor confidence remains low due to past performance and ongoing uncertainties.
Similar Companies
GM
General Motors Company
GM
General Motors Company
LCID
Lucid Group Inc
LCID
Lucid Group Inc
RIVN
Rivian Automotive Inc
RIVN
Rivian Automotive Inc
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Reports
- News Articles
Disclaimers:
This analysis is based on available information and is subject to change. It is not financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Workhorse Group Inc
Exchange NASDAQ | Headquaters Sharonville, OH, United States | ||
IPO Launch date 2014-08-07 | President, CEO & Director Mr. Richard F. Dauch | ||
Sector Consumer Cyclical | Industry Auto Manufacturers | Full time employees 298 | Website https://www.workhorse.com |
Full time employees 298 | Website https://www.workhorse.com | ||
Workhorse Group Inc., a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Sharonville, Ohio.
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