S1E15: STOCK REVIEW WEDNESDAY: Are shares on Workhorse Group Inc the future?

15/03/2023 15 min Temporada 1 Episodio 15
S1E15: STOCK REVIEW WEDNESDAY: Are shares on Workhorse Group Inc the future?

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Episode Synopsis

Send us a textIn this episode of The Student Investor Podcast's segment, Stock Review Wednesday Proudly Sponsered by Shyft App, host Ivyn Sambo reviews Workhorse Group Inc., an American technology company that specializes in electric delivery trucks and drone systems. Ivyn discusses the company's volatile stock performance over the past year, with highs of $41.79 per share and lows of $1.37 per share. He analyzes the potential reasons for this volatility, including Workhorse Group Inc.'s bid to secure a contract with the United States Postal Service and its development of drone delivery technology. Ivyn also examines the company's financials, noting a net loss of $84.1 million in its most recent quarterly report. Despite this loss, Workhorse Group Inc. has a strong balance sheet with $234.5 million in cash and cash equivalents. Ivyn concludes the episode by emphasizing the importance of doing one's own research before investing in any company.

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