Workhorse (WKHS) Jumps: Stock Rises 7.2%

Workhorse Group Inc. WKHS was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $15.13 – $41.34 in the past one-month time frame, witnessed a sharp increase yesterday.

The upmove came after the company's fourth quarter earnings trumped estimates.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Workhorse Group, Inc. Price

Workhorse Group, Inc. price | Workhorse Group, Inc. Quote

Workhorse currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Investors interested in the Automotive - Original Equipment industry may consider Meritor, Inc. MTOR, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Zacks Top 10 Stocks for 2021

In addition to the stocks discussed above, would you like to know about our 10 best buy-and-hold tickers for the entirety of 2021?

Last year's 2020 Zacks Top 10 Stocks portfolio returned gains as high as +386.8%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

Access Zacks Top 10 Stocks for 2021 today >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Meritor, Inc. (MTOR) : Free Stock Analysis Report

Workhorse Group, Inc. (WKHS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research