The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing here in constitutes a recommendation respecting the particular security illustrated. Any trades shown are hypothetical example and do not represent actual trades. Please contact your financial advisor for specific financial advice tailored to your personal circumstances. Practical application of the products herein are at your own risk and, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. This product is for educational purposes only. All rights reserved.Disclaimer: Past performance is no guarantee of future performance. Benzinga does not provide investment advice. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets.Ĭlick here for options trades from Benzingaĭirect-to-consumer Businesses May Have Their Next Chance In China ĭavid Moadel has provided compelling content - and crossed the occasional line - on behalf of Crush the Street, Market Realist, TalkMarkets, Finom Group, Benzinga, and (of course). On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines. The company can finally put the pedal to the metal, now that it's stopped looking in the rear-view mirror. This window of opportunity might not last for much longer.īesides, it's nice to see some changes afoot at Workhorse. WKHS stock is down for sure, but that's not necessarily a bad thing.Ĭurrently, the stock stands apart due to its low valuation. So, it seems that there will be some new talent at Workhorse - and, we can hope, a more productive direction for the company. With that, Dauch added that he's excited about the "multiple business opportunities ahead for last-mile delivery truck and drone system technologies."Īnd by the way, Workhorse recently announced a slew of executive leadership appointments. better focus our time and resources on initiatives that we expect will be more productive for our company,” Dauch assured. Even better, the company's new CEO sent out signals that he's looking towards the future rather than obsessing over the past. That's when Workhorse finally withdrew its USPS bid complaint. On July 9, I begged Workhorse to let go of the past and quit dragging out the USPS contract war.įinally, my prayers were answered in mid-September. Actually, I wanted to see the company generally move in a different direction. Personally, I was glad to bear witness to this C-suite change. Meanwhile, there was a changing of the guard at Workhorse as CEO Duane Hughes was ousted on July 29 and replaced by Rick Dauch, an auto industry veteran. Month after month went by, and that complaint made no substantial progress. Federal Court of Claims against the USPS. Much of the early-2021 rally in WKHS stock was due to rumors that Workhorse was on the verge of winning that USPS contract.Īfter the contract went to Oshkosh, Workhorse filed a formal complaint with the U.S. It was, at the time, a massive blow to Workhorse's stakeholders. Letting go of the problems of the past can be hard to do.Īs you may recall, in late February, a coveted United States Postal Service (USPS) contract ended up going to rival Oshkosh (NYSE: OSK). So, maybe we should be grateful that WKHS stock came down to a very reasonable price point. For an electric-vehicle stock, that's a great value. On the positive side, though, Workhorse's trailing 12-month price-to-earnings ratio is just 23.65. Since the stock is much more volatile than the broader market, it's crucial to maintain small position sizes if you choose to invest. After peaking in the $40's, the Workhorse share price embarked on a multi-month slide which, as of mid-October, was still in progress.Īt this point, I should also mention that WKHS stock has a five-year monthly beta of 2.76. Unfortunately, folks who got caught up in the hype phase were severely punished. Bear in mind, this stock cost less than $1 at one point, back in 2019. On February 4, WKHS stock topped out at $42.96. At the same time, the current share price might be the bottom - and it would be a shame if you missed out on the best part of the electric vehicle ride.įor Workhorse's long-term investors, early 2021 could be referred to as the "good old days." Ironically enough, 2021's last mile could deliver Workhorse's best results.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |