![]() 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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