Workhorse (WKHS)
Market Price (5/11/2026): $3.57 | Market Cap: $31.4 MilSector: Consumer Discretionary | Industry: Automobile Manufacturers
Workhorse (WKHS)
Market Price (5/11/2026): $3.57Market Cap: $31.4 MilSector: Consumer DiscretionaryIndustry: Automobile Manufacturers
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 201% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, E-commerce & Digital Retail, and Advanced Aviation & Space. Themes include EV Manufacturing, Show more. | Weak multi-year price returns2Y Excs Rtn is -144%, 3Y Excs Rtn is -181% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -47 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -224% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 83% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -168%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -168% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 144% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -212% High stock price volatilityVol 12M is 132% Key risksWKHS key risks include [1] significant financial instability and high cash burn, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 201% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, E-commerce & Digital Retail, and Advanced Aviation & Space. Themes include EV Manufacturing, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -144%, 3Y Excs Rtn is -181% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -47 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -224% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 83% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -168%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -168% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 144% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -212% |
| High stock price volatilityVol 12M is 132% |
| Key risksWKHS key risks include [1] significant financial instability and high cash burn, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Macroeconomic Headwinds in the North American EV Market. The broader electric vehicle market in North America faced significant challenges, with sales declining by 27% in Q1 2026 compared to the same period in 2025. This downturn, marked by the cessation of federal incentives and a reduction in production by many major automakers, created a difficult operating environment for companies like Workhorse.
2. Persistent Financial Losses and Negative Analyst Outlook. Despite Workhorse beating analyst expectations for Q4 2025 earnings per share by 72.30% with a reported -$2.46, the company continued to exhibit substantial unprofitability, evidenced by a negative net margin of 363.15% and a negative trailing twelve-month return on equity of 239.58%. This ongoing financial weakness is reflected in a consensus "Sell" rating from analysts.
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Stock Movement Drivers
Fundamental Drivers
The -28.4% change in WKHS stock from 1/31/2026 to 5/10/2026 was primarily driven by a -85.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 1312026 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.90 | 3.51 | -28.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11 | 21 | 92.0% |
| P/S Multiple | 0.6 | 1.5 | 153.6% |
| Shares Outstanding (Mil) | 1 | 9 | -85.3% |
| Cumulative Contribution | -28.4% |
Market Drivers
1/31/2026 to 5/10/2026| Return | Correlation | |
|---|---|---|
| WKHS | -28.4% | |
| Market (SPY) | 3.6% | 48.1% |
| Sector (XLY) | -0.6% | 46.0% |
Fundamental Drivers
The -71.0% change in WKHS stock from 10/31/2025 to 5/10/2026 was primarily driven by a -91.6% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312025 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.12 | 3.51 | -71.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 11 | 21 | 89.8% |
| P/S Multiple | 0.8 | 1.5 | 82.5% |
| Shares Outstanding (Mil) | 1 | 9 | -91.6% |
| Cumulative Contribution | -71.0% |
Market Drivers
10/31/2025 to 5/10/2026| Return | Correlation | |
|---|---|---|
| WKHS | -71.0% | |
| Market (SPY) | 5.5% | 13.9% |
| Sector (XLY) | 0.6% | 17.8% |
Fundamental Drivers
The -73.2% change in WKHS stock from 4/30/2025 to 5/10/2026 was primarily driven by a -96.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302025 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.08 | 3.51 | -73.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 21 | 201.1% |
| P/S Multiple | 0.6 | 1.5 | 144.8% |
| Shares Outstanding (Mil) | 0 | 9 | -96.4% |
| Cumulative Contribution | -73.2% |
Market Drivers
4/30/2025 to 5/10/2026| Return | Correlation | |
|---|---|---|
| WKHS | -73.2% | |
| Market (SPY) | 30.4% | 12.7% |
| Sector (XLY) | 22.8% | 15.2% |
Fundamental Drivers
The -99.9% change in WKHS stock from 4/30/2023 to 5/10/2026 was primarily driven by a -99.4% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 4302023 | 5102026 | Change |
|---|---|---|---|
| Stock Price ($) | 2826.60 | 3.51 | -99.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5 | 21 | 322.3% |
| P/S Multiple | 30.6 | 1.5 | -95.2% |
| Shares Outstanding (Mil) | 0 | 9 | -99.4% |
| Cumulative Contribution | -99.9% |
Market Drivers
4/30/2023 to 5/10/2026| Return | Correlation | |
|---|---|---|
| WKHS | -99.9% | |
| Market (SPY) | 78.7% | 18.3% |
| Sector (XLY) | 66.6% | 23.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| WKHS Return | -78% | -65% | -76% | -90% | -95% | -29% | -100% |
| Peers Return | 28% | -63% | 3% | -17% | 3% | -17% | -66% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 95% |
Monthly Win Rates [3] | |||||||
| WKHS Win Rate | 17% | 25% | 33% | 33% | 17% | 20% | |
| Peers Win Rate | 58% | 35% | 46% | 49% | 52% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| WKHS Max Drawdown | -78% | -67% | -77% | -92% | -95% | -54% | |
| Peers Max Drawdown | -22% | -66% | -30% | -34% | -36% | -33% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: RIVN, F, GM, XOS, CENN. See WKHS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/8/2026 (YTD)
How Low Can It Go
| Event | WKHS | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -57.9% | -33.7% |
| % Gain to Breakeven | 137.4% | 50.9% |
| Time to Breakeven | 85 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -61.3% | -19.2% |
| % Gain to Breakeven | 158.1% | 23.7% |
| Time to Breakeven | 141 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -75.3% | -3.7% |
| % Gain to Breakeven | 304.3% | 3.9% |
| Time to Breakeven | 1191 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -34.3% | -12.2% |
| % Gain to Breakeven | 52.2% | 13.9% |
| Time to Breakeven | 48 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -34.3% | -6.8% |
| % Gain to Breakeven | 52.2% | 7.3% |
| Time to Breakeven | 48 days | 15 days |
In The Past
Workhorse's stock fell -57.9% during the 2020 COVID-19 Crash. Such a loss loss requires a 137.4% gain to breakeven.
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| Event | WKHS | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -57.9% | -33.7% |
| % Gain to Breakeven | 137.4% | 50.9% |
| Time to Breakeven | 85 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -61.3% | -19.2% |
| % Gain to Breakeven | 158.1% | 23.7% |
| Time to Breakeven | 141 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -75.3% | -3.7% |
| % Gain to Breakeven | 304.3% | 3.9% |
| Time to Breakeven | 1191 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -34.3% | -12.2% |
| % Gain to Breakeven | 52.2% | 13.9% |
| Time to Breakeven | 48 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -34.3% | -6.8% |
| % Gain to Breakeven | 52.2% | 7.3% |
| Time to Breakeven | 48 days | 15 days |
In The Past
Workhorse's stock fell -57.9% during the 2020 COVID-19 Crash. Such a loss loss requires a 137.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Workhorse (WKHS)
AI Analysis | Feedback
Here are 1-3 brief analogies for Workhorse (WKHS):
The Tesla for electric delivery trucks.
Like Rivian, but specializing in medium-duty electric delivery vans and trucks.
AI Analysis | Feedback
- Electric Delivery Trucks: Zero-emission, medium-duty delivery trucks, some offering range extension.
- HorseFly Unmanned Aerial System (UAS): A custom-designed, purpose-built all-electric drone system.
- Metron: An air delivery application designed to track the performance of various deployed vehicles.
AI Analysis | Feedback
Workhorse (WKHS) primarily sells its zero-emission commercial vehicles, drone systems, and fleet management software to other companies (B2B).
While Workhorse's 2023 annual report (10-K) indicates that its two largest customers accounted for approximately 63% and 12% of its total revenue, the names of these specific customers are not publicly disclosed in the filing.
Based on publicly available information and the nature of Workhorse's products, its major customers are typically:
-
Commercial Truck Dealerships: These dealerships serve as intermediaries, purchasing Workhorse vehicles and subsequently selling them to end-user fleet operators.
- Kingsburg Truck Center: In 2022, Kingsburg Truck Center placed a significant order for 200 Class 4 W750 step vans.
- ZM Truck Center: Workhorse announced a strategic sales and service partnership with ZM Truck Center in late 2023.
-
Large Commercial Fleet Operators: Companies that operate extensive fleets for delivery, logistics, or other commercial purposes.
- United Parcel Service (UPS): (NYSE: UPS) Historically, UPS was a significant customer for Workhorse, purchasing a large number of electric delivery vehicles. While Workhorse continues to pursue large fleet opportunities, it is not publicly confirmed if UPS remains one of their largest current revenue contributors as of recent filings.
AI Analysis | Feedback
- GreenPower Motor Company Inc. (GP)
- Cenntro Electric Group Ltd. (CENN)
- Custom Cellular, Inc. (dba US Mobile)
AI Analysis | Feedback
Scott Griffith, Chief Executive Officer
Scott Griffith is a seasoned CEO and board leader known for scaling automotive technology, electric vehicle, and mobility businesses. He previously served as CEO of Motiv Electric Trucks and Zipcar, and also spearheaded Ford's autonomous vehicle and mobility initiatives. Griffith was instrumental in streamlining Motiv Electric Trucks, restructuring its debt and operations, and orchestrating its merger with Workhorse. Earlier in his career, he was an Executive-in-Residence at General Catalyst Partners, where he chaired two growth-stage portfolio companies, TrueMotion and Envoy Global, guiding them through periods of high growth and successful transitions to positive EBITDA.
Robert Ginnan, Chief Financial Officer
Bob Ginnan is a results-oriented senior executive with extensive experience in finance, executive leadership, and business management. He has led strategic planning, M&A transactions, and financial operations across various organizations, including Family RV Group, The Oneida Group, and Taylor Communications. Ginnan brings prior experience as a publicly-traded company CFO.
Josh Anderson, Executive VP, Operations
Josh Anderson brings over two decades of leadership experience in the electric vehicle and commercial vehicle industry, where he has led the concept, design, and launch of Class 4–8 electric vehicles. He previously held roles as President of RexRover Truck and DESCH Systems Consultants, and also served as CTO of DesignLine Bus and TransTeq Bus. Anderson is a co-inventor on 12 patents related to vehicle systems, construction, and EV design. He was also the Founder and President of Leiten, a startup electric vehicle developer, and President of RexRover, a final stage manufacturer of work trucks.
James Griffin, Chief Revenue Officer
James Griffin has nearly 30 years of commercial leadership experience spanning electric vehicles, fleet services, and transportation. Before joining Workhorse, he served as Chief Revenue Officer at Motiv Electric Trucks. His career also includes senior roles at companies such as ChargePoint, PACCAR, MHC Truck Leasing, and Ryder.
Scott Zion, Chief Product Officer
Scott Zion possesses extensive leadership experience in electric and zero-emission vehicle product development and engineering. He previously held the position of Chief Product and Engineering Officer at Motiv Electric Trucks. His career background also includes senior engineering roles at Bollinger Motors, XOS Trucks, Hino Motors, Navistar Defense, and Ford Motor Company.
AI Analysis | Feedback
Here are the key risks to Workhorse Group Inc. (WKHS) in order from most to less significant:
- Financial Instability and Going Concern Doubt: Workhorse faces substantial risk due to persistent financial struggles, including recurring significant net losses, negative cash flow from operations, and an accumulated deficit. The company has expressed uncertainty about its ability to continue as a going concern without appropriate funding and operational improvements. Auditors have also included explanatory paragraphs in reports, expressing substantial doubt about Workhorse's ability to continue operations. The company's liquidity challenges are further highlighted by negative working capital and high debt levels, often requiring reliance on issuing new debt and shares, which can lead to shareholder dilution.
- Operational and Production Challenges: Workhorse has consistently struggled with scaling production effectively and meeting delivery targets. The company has experienced production delays, quality issues, and vehicle recalls (such as the C-1000), which have hindered its ability to capitalize on market demand and damaged its reputation. Manufacturing complexities, supply chain disruptions, and the significant capital expenditure required for an ambitious product roadmap further exacerbate these operational hurdles.
- Intense Competition and Market Adoption: The electric vehicle (EV) market is highly competitive, with Workhorse facing rivals ranging from established automakers like Ford and General Motors to other EV startups. Slower-than-anticipated electric vehicle adoption and the need for government subsidies to compete with cheaper alternatives impact Workhorse's sales and market penetration. The company must differentiate itself and maintain a technological edge in this crowded and evolving market.
AI Analysis | Feedback
Workhorse (WKHS) faces clear emerging threats from:
- Intense Competition from Established Automotive Manufacturers in the Electric Commercial Vehicle Market: Major incumbent automotive companies like Ford (with the E-Transit) and General Motors (with BrightDrop) are rapidly developing, producing, and deploying electric commercial vehicles. These companies possess vastly superior financial resources, manufacturing scale, established supply chains, dealer networks, and long-standing relationships with large fleet customers. This direct competition poses a significant threat to Workhorse's ability to gain market share and achieve profitability in the zero-emission commercial vehicle space.
- Proprietary Drone Delivery Systems Developed by Major Logistics and E-commerce Companies: Large logistics companies (e.g., UPS, FedEx) and e-commerce giants (e.g., Amazon, Google Wing) are heavily investing in and developing their own proprietary drone delivery systems and integrated logistics platforms. If these major players successfully deploy their in-house or exclusive solutions, it could significantly limit the market opportunity for Workhorse's HorseFly drone systems and Metron application, potentially marginalizing their offerings.
AI Analysis | Feedback
Workhorse Group Inc. operates in the addressable markets for zero-emission commercial vehicles, specifically medium-duty delivery trucks, and delivery drone systems.
Electric Medium-Duty Delivery Trucks
- Globally, the medium-duty electric truck market is estimated to be approximately $2 billion annually and is projected to reach $50 billion by 2030.
- In the U.S., the commercial electric vehicle (EV) truck market, which includes medium-duty trucks, is forecasted to grow from $210 million in 2024 to $6.5 billion by 2033.
Delivery Drone Systems
- The global delivery drones market size reached USD 1.47 billion in 2026 and is projected to attain USD 6.74 billion by 2031.
- The delivery drones market in the United States is expected to reach a projected revenue of US$ 2,610.1 million by 2030, having generated USD 255.5 million in 2023.
AI Analysis | Feedback
Workhorse Group Inc. (WKHS) is expected to experience several key drivers of future revenue growth over the next 2-3 years:
- Integration and Synergies from the Motiv Electric Trucks Merger: Workhorse completed its merger with Motiv Electric Trucks in December 2025, a move anticipated to establish a leading North American medium-duty electric truck OEM. This integration is expected to reinforce sustained commercial growth and create a consolidated operating model.
- Increasing Sales and Strengthening Order Backlog for Electric Trucks: The company has reported rising sales momentum and a strengthening order backlog, indicating growing demand for its electric vehicles. This includes continued production and delivery of its W56 model, with vehicles being deployed by major customers like FedEx.
- Focus on the Medium-Duty Electric Truck Market: Workhorse is concentrating its efforts on the medium-duty electric truck market, a sector valued at $23 billion. This strategic focus, coupled with the production of its W56 model at its Union City, Indiana plant, positions the company for growth within this specific segment.
- Introduction of a New Proprietary Cab-Chassis Platform: Workhorse's strategic product roadmap includes the development and introduction of a new proprietary cab-chassis platform. This new offering is designed to further address and capture market share within the medium-duty truck market.
- Expansion of Fleet Customers and Validation of Vehicle Economics: The company is seeing growing interest from both existing and new fleet customers. The "Stables by Workhorse FedEx contractor operation in Ohio" validates the economic benefits of its vehicles, demonstrating significant fuel and maintenance savings compared to internal combustion fleets, which is likely to attract more customers.
AI Analysis | Feedback
Below is a summary of Workhorse Group Inc.'s capital allocation decisions over the last 3-5 years:Share Issuance
- Workhorse issued and sold 2024 Notes in the original principal amount of $39.0 million and 2024 Warrants to purchase up to 15.6 million shares (1.3 million adjusted for a 2025 reverse stock split) during the fiscal year ended December 31, 2024. The net proceeds received from the issuance and sale of these notes totaled $34.1 million.
- As of March 2025, Workhorse issued an additional $38.5 million in aggregate principal amount of 2024 Notes and 4.4 million 2024 Warrants.
- In October and November 2021, the company converted approximately 85% of a $200 million debt obligation into equity, significantly strengthening its balance sheet and providing a net cash position of over $200 million.
Inbound Investments
- In 2024, Workhorse received net proceeds of $34.1 million from the issuance and sale of 2024 Notes through a Securities Purchase Agreement.
- Workhorse received additional proceeds from the issuance of 2024 Notes in 2025, amounting to $38.5 million in aggregate principal.
Outbound Investments
- Workhorse Group completed a merger with Motiv Power Systems, Inc. in December 2025. This transaction created a leading North American medium-duty electric truck OEM, with Motiv being combined with a new Workhorse subsidiary in exchange for newly issued Workhorse shares.
Capital Expenditures
- Workhorse's capital expenditures were approximately $4.064 million in 2024, $18.688 million in 2023, and $17.497 million in 2022.
- For the third quarter of 2025, Workhorse reported $0 in capital expenditures.
- The company's planned capital expenditures are projected to be $9 million in 2025, $12 million in 2026, $13 million in 2027, $14 million in 2028, and $15 million in 2029. These expenditures support initial vehicle delivery.
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Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 8.19 |
| Mkt Cap | 8.9 |
| Rev LTM | 2,787 |
| Op Inc LTM | -40 |
| FCF LTM | -24 |
| FCF 3Y Avg | -54 |
| CFO LTM | -4 |
| CFO 3Y Avg | -29 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.9% |
| Rev Chg 3Y Avg | 27.5% |
| Rev Chg Q | 2.7% |
| QoQ Delta Rev Chg LTM | 0.6% |
| Op Inc Chg LTM | -19.1% |
| Op Inc Chg 3Y Avg | 14.9% |
| Op Mgn LTM | -70.4% |
| Op Mgn 3Y Avg | -93.7% |
| QoQ Delta Op Mgn LTM | -1.3% |
| CFO/Rev LTM | -6.7% |
| CFO/Rev 3Y Avg | -48.8% |
| FCF/Rev LTM | -27.5% |
| FCF/Rev 3Y Avg | -62.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 8.9 |
| P/S | 0.4 |
| P/Op Inc | -0.6 |
| P/EBIT | -0.7 |
| P/E | -0.7 |
| P/CFO | 1.1 |
| Total Yield | -70.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -53.8% |
| D/E | 1.5 |
| Net D/E | 1.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.5% |
| 3M Rtn | -14.4% |
| 6M Rtn | -15.3% |
| 12M Rtn | -26.1% |
| 3Y Rtn | -42.6% |
| 1M Excs Rtn | -6.7% |
| 3M Excs Rtn | -21.1% |
| 6M Excs Rtn | -26.0% |
| 12M Excs Rtn | -50.7% |
| 3Y Excs Rtn | -119.1% |
Price Behavior
| Market Price | $3.51 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 01/07/2016 | |
| Distance from 52W High | -93.4% | |
| 50 Days | 200 Days | |
| DMA Price | $3.05 | $8.94 |
| DMA Trend | down | down |
| Distance from DMA | 15.3% | -60.7% |
| 3M | 1YR | |
| Volatility | 101.5% | 132.9% |
| Downside Capture | 0.53 | 0.58 |
| Upside Capture | -20.39 | -67.81 |
| Correlation (SPY) | 24.9% | 11.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.16 | 1.48 | 1.94 | 1.08 | 1.28 | 1.40 |
| Up Beta | 2.82 | 2.27 | 2.77 | 2.92 | 3.31 | 1.05 |
| Down Beta | 4.64 | 2.75 | 2.62 | -0.80 | 1.48 | 1.39 |
| Up Capture | -70% | -4% | 3% | -64% | -32% | 0% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 9 | 18 | 25 | 41 | 96 | 295 |
| Down Capture | 230% | 185% | 251% | 225% | 148% | 113% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 11 | 22 | 35 | 79 | 144 | 435 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WKHS | |
|---|---|---|---|---|
| WKHS | -73.1% | 132.2% | -0.42 | - |
| Sector ETF (XLY) | 21.8% | 18.7% | 0.92 | 14.6% |
| Equity (SPY) | 29.0% | 12.5% | 1.83 | 11.9% |
| Gold (GLD) | 39.8% | 27.0% | 1.22 | 6.4% |
| Commodities (DBC) | 50.6% | 18.0% | 2.21 | 7.2% |
| Real Estate (VNQ) | 13.0% | 13.5% | 0.66 | 8.6% |
| Bitcoin (BTCUSD) | -17.4% | 42.1% | -0.34 | 20.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WKHS | |
|---|---|---|---|---|
| WKHS | -84.2% | 107.2% | -1.23 | - |
| Sector ETF (XLY) | 7.1% | 23.8% | 0.26 | 33.5% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 26.7% |
| Gold (GLD) | 20.9% | 17.9% | 0.95 | 6.7% |
| Commodities (DBC) | 13.8% | 19.1% | 0.59 | 8.2% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.08 | 24.3% |
| Bitcoin (BTCUSD) | 7.0% | 56.0% | 0.34 | 23.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with WKHS | |
|---|---|---|---|---|
| WKHS | -58.5% | 124.6% | -0.22 | - |
| Sector ETF (XLY) | 12.9% | 22.0% | 0.54 | 20.0% |
| Equity (SPY) | 15.1% | 17.9% | 0.72 | 15.3% |
| Gold (GLD) | 13.4% | 15.9% | 0.69 | 3.7% |
| Commodities (DBC) | 9.3% | 17.8% | 0.44 | 7.3% |
| Real Estate (VNQ) | 5.8% | 20.7% | 0.24 | 13.6% |
| Bitcoin (BTCUSD) | 67.8% | 66.9% | 1.07 | 11.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/10/2025 | -9.3% | -29.6% | -31.2% |
| 8/15/2025 | -6.8% | -19.8% | -35.6% |
| 3/31/2025 | -5.2% | -30.9% | -40.7% |
| 11/19/2024 | -13.9% | -12.3% | -38.0% |
| 8/20/2024 | -21.0% | -35.6% | -40.0% |
| 3/12/2024 | -12.8% | -21.4% | -35.2% |
| 11/14/2023 | -0.1% | -5.0% | -2.8% |
| 8/8/2023 | -6.8% | -27.3% | -43.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 4 | 6 |
| # Negative | 14 | 16 | 14 |
| Median Positive | 5.8% | 9.7% | 26.5% |
| Median Negative | -8.4% | -15.3% | -33.2% |
| Max Positive | 19.5% | 16.0% | 61.6% |
| Max Negative | -24.2% | -35.6% | -43.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/31/2026 | 10-K |
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-Q |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/19/2024 | 10-Q |
| 06/30/2024 | 08/19/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 03/12/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/01/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Quigley, William G Iii | Direct | Sell | 12172025 | 6.51 | 5,051 | 32,882 | 866 | Form | |
| 2 | Henricks, Alan S | Direct | Sell | 12152025 | 6.51 | 1,894 | Form | |||
| 3 | Anderson, Joshua Joseph | Chief Technology Officer | Direct | Sell | 12152025 | 6.51 | 296 | 1,927 | 677 | Form |
| 4 | March, Stanley Raymond | VP, Corporate Development | Direct | Sell | 12152025 | 6.51 | 284 | 1,849 | 638 | Form |
| 5 | Dedo, Jacqueline A | Direct | Sell | 12152025 | 6.51 | 5,051 | 32,882 | 1,016 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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