Should I Buy WKHS? WKHS 2026 Analysis

Should You Buy Workhorse Group Inc (WKHS) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

4.830

1 Day change

0.21%

52 Week Range

90.600

Analysis Updated At

2026/01/26

Workhorse Group Inc (WKHS) is not a good buy at this time for a beginner investor with a long-term strategy. The company's financial performance is weak, with significant declines in revenue, net income, and EPS. The technical indicators suggest a bearish trend with no clear signals for a reversal. Additionally, the lack of positive news, weak analyst sentiment, and absence of trading signals further reinforce the decision to hold off on investing in this stock.

Technical Analysis

The MACD is above 0 but positively contracting, indicating weakening momentum. RSI is neutral at 34.102, and moving averages are bearish (SMA_200 > SMA_20 > SMA_5). The stock is trading near a key support level of 4.878, with resistance at 5.565. Overall, the technical indicators suggest a bearish trend.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Technical Summary

Sell

Buy

Positive Catalysts

NULL identified. There are no recent news or significant events that could act as positive catalysts for the stock.

Neutral/Negative Catalysts

Weak financial performance in Q3 2025, including a 68.86% YoY drop in net income and a 95.89% YoY drop in EPS. Analyst sentiment is negative, with a reduced price target and concerns about the company's merger with Motiv. No significant hedge fund or insider trading trends to indicate confidence in the stock.

Financial Performance

In Q3 2025, revenue dropped by 4.97% YoY to $2,384,998. Net income fell by 68.86% YoY to -$7,827,902, and EPS dropped by 95.89% YoY to -6.05. Gross margin improved to -323.17, up 96.25% YoY, but remains negative. Overall, the financial performance is weak and does not support a buy recommendation.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Roth Capital lowered the price target from $1.50 to $0.65 and maintains a Neutral rating. Concerns about the merger with Motiv and its financing are highlighted. Analysts suggest revisiting the stock only after a successful merger.

1 Analyst Rating

Wall Street analysts forecast WKHS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for WKHS is 0.65 USD with a low forecast of 0.65 USD and a high forecast of 0.65 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

0 Buy

1 Hold

0 Sell

Hold

Current: 4.820

Low

0.65

Averages

0.65

High

0.65

Current: 4.820

Low

0.65

Averages

0.65

High

0.65

Roth Capital

Neutral

downgrade

AI Analysis

2025-11-14

Reason

Roth Capital

Price Target

AI Analysis

2025-11-14

downgrade

Neutral

Reason

Roth Capital lowered the firm's price target on Workhorse Group to 65c from $1.50 and keeps a Neutral rating on the shares. The firm notes Workhorse reported non-consequential Q3 results and delayed the shareholder vote on the merger with Motiv, as it believes there was insufficient shareholder support. Roth hears Motiv needs Workhorse since there are questions about whether Motiv will have future access to the Ford chassis that they use to build many of their vehicles. The firm would look to revisit its view following a successful merger and related financing.

Roth Capital

Neutral

downgrade

2025-08-19

Reason

Roth Capital

Price Target

2025-08-19

downgrade

Neutral

Reason

Roth Capital lowered the firm's price target on Workhorse Group to $1.50 from $1.75 and keeps a Neutral rating on the shares post the Q2 report. The firm cites limited growth visibility for the target cut and says it could get more constructive on the shares with a creditable timeline to positive gross margins.

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WKHS Should I Buy

WKHS Should I Buy

Should You Buy Workhorse Group Inc (WKHS) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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