WKHS Analyst Price Targets and Shower Squeeze Potential Long

Workhorse Group, Inc.NASDAQ

Description

⋅ Nov 4, 2021 11:19 AM

Workhorse Group Inc. (WKHS) share float shorted: 36.60%

Yesterday 35.8Mil buy order at $7.17 covered with puts at 5 i think. 5.7K puts.

With this new EV frenzy, my price target for a potential short squeeze is the 12usd resistance.

You can see on the chart other price targets from analysts.

I look forward to read your opinion about it.

Comments

LongShort2021

⋅ Nov 4, 2021 12:22 PM

Hi @CryptoFundManager ,
The stock still printing lower lows and lower highs,
it seems going in regression channel with false breakout (to be confirmed). However, i don't like the financials,
e.g:
Cash flow : -141M
EBITDA: -62M
Operating Cash Flow: -133M.

Seems no play for me yet here. Thank you for your analysis and good luck everybody.
Sam.

Mihai_Iacob

⋅ Nov 4, 2021 6:10 PM

great analysis!