|Bid||1.3100 x 38800|
|Ask||1.3300 x 1800|
|Day's range||1.2500 - 1.3300|
|52-week range||1.1800 - 5.3900|
|Beta (5Y monthly)||2.82|
|PE ratio (TTM)||1.87|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The last 24 hours have brought two less-than-bullish earnings reports for the electric vehicle industry and it's pulling the entire segment lower in trading on Wednesday. Rivian (NASDAQ: RIVN) started the trend when it released earnings after the market closed on Tuesday, but Workhorse Group's (NASDAQ: WKHS) report this morning didn't help. Shares of Workhorse are down 12.6% at 2 p.m. ET, Lucid Group (NASDAQ: LCID) has fallen 6.7%, Canoo (NASDAQ: GOEV) is down 2.7%, and battery supplier QuantumScape (NYSE: QS) has dropped 6.8%.
Workhorse (WKHS) delivered earnings and revenue surprises of -50% and 65.87%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...