Workhorse Group Inc. (NASDAQ:WKHS) had its price objective lifted by research analysts at Maxim Group from $15.00 to $22.00 in a research note issued to investors on Monday. The firm presently has a “buy” rating on the stock. Maxim Group’s price target points to a potential upside of 146.91% from the stock’s previous close.
Shares of Workhorse Group (NASDAQ:WKHS) traded up 9.99% on Monday, hitting $9.80. The stock had a trading volume of 113,008 shares. The stock’s market cap is $245.67 million. Workhorse Group has a 12 month low of $3.05 and a 12 month high of $11.70. The stock has a 50 day moving average of $7.36 and a 200-day moving average of $7.59.
In other news, Director H. Benjamin Samuels bought 143,500 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was purchased at an average price of $5.28 per share, with a total value of $757,680.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 15.10% of the stock is owned by insiders.
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About Workhorse Group
Workhorse Group, Inc, formerly AMP Holding Inc, is a development-stage company. The Company designs, develops, manufactures and sells medium-duty trucks with powertrain components under the Workhorse chassis brand. The Company’s products include trucks comprising powertrain and chassis. Its powertrain products include E-GEN and E-100.
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