Workhorse Group Inc. (WKHS) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Workhorse Group Inc. (WKHS) stock forecast summary
Our AI ranks Workhorse Group Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Workhorse Group Inc. is a small-cap company with a market capitalization of $29M. It ranks number 18 by market capitalization among the 23 Motor Vehicles & Passenger Car Bodies issuers in our coverage with a current forecast. Its ROE of -957.3% is the lowest of the 13 peers that report one. Its D/E Ratio of 14.34x is the highest of the 15 peers that report one.
For WKHS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 30.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 29.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How WKHS ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Workhorse Group Inc. (WKHS) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Motor Vehicles & Passenger Car Bodies peers listed below that report each metric.
Valuation & Market
| Metric | WKHS | Rank |
|---|---|---|
| Market Cap | $29M | 18/23 |
| P/B Ratio | 4.02x | 3/12 |
| EPS | $-4.26 | – |
| Book Value/Share | $0.66 | – |
| Revenue/Share | $2.14 | – |
| FCF/Share | $-5.76 | – |
Profitability & Margins
| Metric | WKHS | Rank |
|---|---|---|
| ROE | -957.3% | 13/13 |
| ROA | -62.4% | 13/14 |
| ROIC | -92.1% | 11/12 |
| Gross Margin | -53.8% | 12/14 |
| Operating Margin | -258.8% | 13/15 |
| Net Margin | -293.2% | 13/14 |
| EBT Margin | -293.4% | 15/16 |
| Tax Rate | 0.0% | – |
Financial Health
| Metric | WKHS | Rank |
|---|---|---|
| Current Ratio | 1.28x | 8/18 |
| Quick Ratio | 0.41x | 13/17 |
| D/E Ratio | 14.34x | 1/15 |
| Financial Leverage | 15.34x | 1/15 |
| Interest Coverage | -26.9x | 12/15 |
| Working Capital | $12M | 9/17 |
Cash Flow
| Metric | WKHS | Rank |
|---|---|---|
| Operating Cash Flow | -$62M | 13/17 |
| Free Cash Flow | -$63M | 9/13 |
| Capital Spending | -$860K | 2/13 |
| FCF/Sales | -268.7% | 11/13 |
| CapEx/Sales | 3.6% | 9/13 |
Operational Efficiency
| Metric | WKHS | Rank |
|---|---|---|
| Asset Turnover | 0.21x | 11/12 |
| Receivables Turnover | 10.3x | 5/9 |
| Inventory Turnover | 1.1x | 10/14 |
| Fixed Assets Turnover | 1.2x | 7/10 |
| Days Sales Outstanding | 36 days | 5/9 |
| Days Inventory | 344 days | 5/14 |
| Payables Period | 125 days | 5/10 |
| Cash Conversion Cycle | 254 days | 2/7 |
Income Statement
| Metric | WKHS | Rank |
|---|---|---|
| Total Revenue | $23M | 13/14 |
| Operating Income | -$61M | 9/15 |
| Net Income | -$69M | 11/15 |
| R&D Expense | $19M | 10/13 |
| SG&A Expense | $29M | 10/13 |
| Cost of Goods Sold | $41M | 11/14 |
Dividend & Shareholder Information
| Metric | WKHS | Rank |
|---|---|---|
| Shares Outstanding | 11M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $56M | 51.3% of assets |
| Cash & Short-term Investments | $10M | 8.7% of assets |
| Accounts Receivable | $2M | 2.1% of assets |
| Inventory | $38M | 34.7% of assets |
| Total Liabilities | $103M | 93.5% of assets |
| Short-term Debt | $30M | 27.6% of assets |
WKHS quarterly financials and insider trading
Workhorse Group Inc. (WKHS) industry peers
Companies classified under the same SEC industry code as Workhorse Group Inc. (Motor Vehicles & Passenger Car Bodies): 23 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| WKHS Workhorse Group Inc. | ▼ | $29M |
| TSLA Tesla, Inc. | ▼ | $1.40T |
| TM Toyota Motor Corp/ | ▼ | $253.64B |
| GM General Motors Co | ▶ | $73.67B |
| RACE Ferrari N.V. | ▼ | $70.93B |
| PCAR Paccar Inc | ▶ | $58.33B |
| F Ford Motor Co | ▶ | $49.57B |
| HMC Honda Motor Co Ltd | ▼ | $44.48B |
| RIVN Rivian Automotive, Inc. / De | ▶ | $16.92B |
| STLA Stellantis N.V. | ▼ | $12.66B |
| LI Li Auto Inc. | ▼ | $11.55B |
| NIO Nio Inc. | ▼ | $8.49B |
| OSK Oshkosh Corp | ▶ | $8.04B |
| FSS Federal Signal Corp /De/ | ▼ | $6.86B |
| LCID Lucid Group, Inc. | ▶ | $1.23B |
| PSNY Polestar Automotive Holding Uk Plc | ▶ | $641M |
| LOT Lotus Technology Inc. | ▲ | $366M |
| GGR Gogoro Inc. | ▲ | $64M |
| AIEV Thunder Power Holdings, Inc. | ▲ | $12M |
| CENN Cenntro Inc. | ▶ | $7M |
| FFAI Faraday Future Intelligent Electric Inc. | ▼ | $5M |
| FLYE Fly-E Group, Inc. | ▼ | $4M |
| BINI Bollinger Innovations, Inc. | ▼ | $870K |
Where WKHS sits on the market map
Workhorse Group Inc. (WKHS) stock news
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Workhorse Group Inc. (WKHS) stock forecast FAQ
What is the Workhorse Group Inc. (WKHS) stock forecast?
Our AI ranks Workhorse Group Inc. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Workhorse Group Inc. stock predictions?
For WKHS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 30.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 29.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Workhorse Group Inc. forecasts updated?
Workhorse Group Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Workhorse Group Inc.'s industry peers?
23 issuers in our coverage, WKHS included, share the SEC industry code Motor Vehicles & Passenger Car Bodies. The largest are: Tesla, Inc. (TSLA), Toyota Motor Corp/ (TM), General Motors Co (GM), Ferrari N.V. (RACE), Paccar Inc (PCAR), Ford Motor Co (F).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.