![]() No cash balance or cash flow is included in the calculation. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Why Workhorses Stock (NASDAQ: WKHS) Is Trading Higher Today. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Latest Workhorse Group News: View WKHS news and discuss market sentiment with the investor. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. One favored combination of this type which also looks to fit in well with our expectations of what’s possible for WKHS stock going forward over the next few months is the October $17/$23 collar combination.Disclaimer: The TipRanks Smart Score performance is based on backtested results. The investor’s stock and short call are cashed out automatically for a quicker and maximized profit, while keeping a free bearish long put left in inventory as a side bet. Also a benefit, any potential short contract exercise surprises are fully-hedged by the long stock. This type of position ensures less downside risk and a much larger profit profile if a rally takes hold. To be fair, much of this month’s bullish candlestick reversal can be attributed to some covering of positions from WKHS stock’s bearish short interest, as well as wishful action from bulls on word of legal action by Workhorse against the USPS.Īcknowledging those riskier factors in shares, if investors are willing to take a forward-looking price chart at its bullish face value, my advice would be to use a slightly out-of-the-money collar. The stock was in 16 hedge funds portfolios at the. Overall, hedge fund sentiment was unchanged. And today, with a deep and well-supported bottoming pattern revealing itself on today’s price chart (above), WKHS stock can also be wagered on with increased odds of winning. (NASDAQ: WKHS) shares havent seen a lot of action during the second quarter. Given a much-lower $2.0 billion valuation and for the positive reasons expressed above, a meaningful comeback can be entertained. Remember that scant bit of revenue? The thing is WKHS isn’t just a concept, you can kick the tires of its fleet of C650 and C1000 today! The company also has a growing list of customers that’s already building on those sales and sufficient cash to see its way through today’s darkish-looking tunnel. WKHS stock isn’t dead.įor starters, Workhorse has proven EV delivery vehicles on the road. But it’s also far from the end-all, say-all for Workhorse. Yet today, and with short interest in the vicinity of 37% to 40%, are those bears betting on the wrong pony? It’s quite possible.Īs InvestorPlace’s Louis Navellier recently opined, nobody is going to deny the USPS contract would have been a boon. ![]() ![]() Toss in broader, weak sentiment as Wall Street pivoted away from higher and no-multiple growth stocks during February and it’s little surprise Workhorse’s resident bear following managed to continue making hay into mid-May as shares hit a low of $7.07. With the contract and its estimated 50,000 to 165,000 NGDV’s landing in the lap of Oshkosh (NYSE: OSK), WKHS’ peak market cap was immediately cut by more than half as shares plummeted 47% immediately after the disappointing news broke on Feb.
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Hurricane Iota making landfall on northeastern Nicaragua on November 17īy 06:00 UTC on November 16, hurricane hunters discovered that Iota had become a high-end Category 3 major hurricane, marking the first time that two major hurricanes were recorded in November. At 06:00 UTC on November 15, Iota reached hurricane status, before strengthening to Category 2 status at 00:00 UTC on November 16. After struggling somewhat due to wind shear and dry air, Iota began to rapidly intensify over warm waters late on November 14, as convection started to wrap around the storm's center. Six hours later, the system strengthened into Tropical Storm Iota. Late on November 11, the wave started to become better organized, and by 15:00 UTC on November 13, it had developed into Tropical Depression Thirty-One in the southern Caribbean, tying 2005 for the most tropical depressions recorded in one season. The wave subsequently entered the Eastern Caribbean by 06:00 UTC on November 10 and moved westward into a more conducive environment for development. ![]() At 18:00 UTC on November 8, the National Hurricane Center (NHC) began to monitor the tropical wave in their tropical weather outlooks, as the system was forecasted to enter the area and potentially become a low-pressure area within a few days. For the next several days, the tropical wave moved westward, while producing disorganized thunderstorms mainly east of the wave's axis. On October 30, a tropical wave emerged from the west coast of Africa into the Atlantic. Meteorological history Įxtratropical cyclone, remnant low, tropical disturbance, or monsoon depression ![]() An estimated total of 5.2 million people were affected by the storm. Donations worth hundreds of millions of USD were given to affected countries. Numerous power outages were restored in the days that followed. Relief efforts soon followed, which included placing tents, opening temporary hospitals, and delivering food and water to those in need. Total damage estimates for the hurricane were set at $1.4 billion (2020 USD). The preliminary estimate for the damage in Nicaragua was $564 million (2020 USD). As many as 41 people were reported as missing. At least 67 people were killed due to Iota, including at least 28 in Nicaragua and 16 in Honduras, among other countries. Mudslides caused extensive damage and multiple deaths. Extremely heavy rain fell on much of Nicaragua, widening flash flooding caused by the hurricane's high storm surge. Heavy rains associated with a tropical wave and Iota brought heavy rainfall to parts of Colombia, leading to flash flooding and mudslides. Tropical cyclone watches and warnings were first issued on November 14 in parts of Colombia, Nicaragua, and Honduras, with the latter two countries still recovering from Eta. Iota's precursor disturbance generated flash flooding on several Caribbean islands. Iota then rapidly weakened as it moved inland, dissipating on November 18. After weakening slightly, Iota made landfall in northeastern Nicaragua as a mid-range Category 4 hurricane, becoming the strongest recorded hurricane to make landfall in Nicaragua in November. The storm was initially impacted by some wind shear, but a center relocation and relaxed shear allowed Iota to quickly strengthen into a hurricane on November 15, after which it underwent explosive intensification, peaking as a high-end Category 4 storm, with wind speeds of 155 mph (249 km/h). The depression strengthened into Tropical Storm Iota six hours later. Over the next few days, the wave began to become better organized and by November 13, it developed into a tropical depression north of Colombia. The 31st and final tropical cyclone, 30th named storm, 14th hurricane, and record-tying seventh major hurricane of the record-breaking 2020 Atlantic hurricane season, Iota originated as a tropical wave that moved into the Eastern Caribbean on November 10. Hurricane Iota was a devastating late-season Category 4 Atlantic hurricane which caused severe damage to areas of Central America already devastated by Hurricane Eta just less than two weeks prior. Part of the 2020 Atlantic hurricane season
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