WKHS - What's Going On With Workhorse Stock? | Benzinga
Workhorse Group Inc (NASDAQ:WKHS) shares are trading lower by more than 6.5% to 25 cents at the close of Thursday’s session.
RF Lafferty analyst Jaime Perez on Wednesday downgraded the stock from Hold to Sell and announced a 30-cent price target.
Workhorse shares also fell earlier this week after the company reported fourth-quarter FY23 results. Sales rose to $4.4 million from $3.4 million, surpassing estimates, driven by increased vehicle sales and DaaS revenue. However, SG&A expenses increased to $15.1 million due to higher legal and professional fees.
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