Transportation companies replace 350,000 delivery trucks per year. Offering cost-effective solutions to the commercial transportation sector, Workhorse Group serves a market of close to $18.0 billion. I don't think that transportation is about to change much.Īmong the companies that will benefit from the necessary increase in transportation, there is Workhorse Group. We may have to work from home, but somebody will have to bring us food, gifts, electronic devices, or chocolate. Expecting to reach a market opportunity of $912 billion by 2023, the North American freight and logistics market will most likely benefit from the COVID-19 situation. If the US e-commerce industry sees a spike in its activity, there is another sector which will most likely benefit the freight and logistics market sector. By 2023, the industry is expected to account for 7% of all US retail sales. The US e-commerce industry was valued at USD 400 billion in 2017 and is expected to register an exponential growth rate. The growing e-commerce sector acts as a driver for the growth of the logistics market. The new situation will most likely make the industry grow even faster. Before the COVID-19, the US e-commerce industry was growing rapidly. With many customers working from home, most traders are expecting the e-commerce sector to grow at a massive rate. Growing Market Opportunity And Innovative Business Model As a result, the share price will probably creep up. With well-known customers, drone patents, and one shareholder managing the Legacy Securities Public Private Investment Program Fund, Workhorse will most likely receive new financing. It seems that many investors believe that the company will obtain new funds. In my view, the recent spike in the share price indicates that there is stock demand. ( NASDAQ: WKHS) will soon need new financing to pursue its operations. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.Workhorse Group, Inc. NASDAQ data is at least 15 minutes delayed. NYSE and AMEX data is at least 20 minutes delayed. Real time prices by BATS. Delayed quotes by FIS. Visit to get our data and content for your mobile app or website. Visit Performance Disclosure for information about the performance numbers displayed above. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. The monthly returns are then compounded to arrive at the annual return. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough February 6, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.52% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Zacks Style Scores Education - Learn more about the Zacks Style Scores That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. As you might remember from your school days, an A, is better than a B a B is better than a C a C is better than a D and a D is better than an F.Īs an investor, you want to buy stocks with the highest probability of success. Within each Score, stocks are graded into five groups: A, B, C, D and F. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score. The scores are based on the trading styles of Value, Growth, and Momentum. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.
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