Workhorse Group Inc (WKHS) News

WKHS..........................https://stockcharts.com/h-sc/ui?s=WKHS&p=W&b=5&g=0&id=p86431144783

WKHS.........................https://stockcharts.com/h-sc/ui?s=WKHS&p=W&b=5&g=0&id=p86431144783

WKHS..................https://stockcharts.com/h-sc/ui?s=WKHS&p=W&b=5&g=0&id=p86431144783

follow through from the even crazier rise yesterday (50%+) and yes all about orders and I guess revenue expectations coming up

What's with the crazy rise today? Can't be only because of the news 5 days ago about a few orders......

They got a contract.

Why the steady rise so far this week?

WKHS...............................https://stockcharts.com/h-sc/ui?s=WKHS&p=W&b=5&g=0&id=p86431144783

$WKHS - Yes, what a lot of us on the sidelines have been waiting for!
I picked up some too this morning.

FedEx Places First Order for 15 Workhorse W56 Step Vans to Grow Zero-Tailpipe Emission Fleet

FedEx order. Stock at $0.65. I willing to gamble some here.

WKHS new 52==week low

WKHS new 52 low

WKHS new 52=week low

WKHS new 52 low

WKHS 10Q due AUGUST 19

WKHS new 52 week low

WKHS..................................https://stockcharts.com/h-sc/ui?s=WKHS&p=W&b=5&g=0&id=p86431144783

WKHS new 52. Week low

WKHS new 52 week low

Well that was fun.

WKHS 1 for 20 Monday 6/17

WKHS under 25 cents

Started building a position today. Has been years since I was in the stock but the future does look promising at these levels.

strong

Tomorrow is last day before Earnings announcement on 05/15/2024........... how bad will it be this time?

People so buying this trash?

WKHS.....................................https://stockcharts.com/h-sc/ui?s=WKHS&p=W&b=5&g=0&id=p86431144783

WKHS must first demonstrate they can actually build and deliver said vehicles.

$WKHS - Good time to add then??

WKHS new 52 week low

Workhorse had two recent orders of 15 vehicles each for the W56 yet the stock continues to crash.
Is this due to a potential reverse split hanging over everyone's heads?

WKHS new 52 week low

WKHS new 52 week low

https://www.otcmarkets.com/stock/WKHS

Hundreds of Stocks Have Fallen Below $1. They're Still Listed on Nasdaq. -- WSJ

8:30 am ET December 3, 2023 (Dow Jones) Print
By Alexander Osipovich

Hundreds of stocks have broken the buck this year, following a slump in the once-hot market for buzzy startups seeking rapid growth.

As of Friday, 557 stocks listed on U.S. exchanges were trading below $1 a share, up from fewer than a dozen in early 2021, according to Dow Jones Market Data. The majority of these stocks -- 464 of them -- are listed on the Nasdaq Stock Market, whose rules require companies to maintain a minimum share price of $1 or risk being delisted.

Investor-protection advocates say many of these sub-$1 stocks belong to risky small companies that should be on the over-the-counter market, the traditional home of "penny stocks" not ready for the prime time of Nasdaq or the New York Stock Exchange.

But instead of being delisted, the companies are maneuvering to maintain their Nasdaq spots -- alongside blue chips such as Apple and Microsoft -- as long as they can.

"Any company that looks to list and remain listed on Nasdaq must satisfy certain requirements," a Nasdaq spokesperson said. "Our rules, like any other exchange, are approved by the Securities and Exchange Commission and provide specified periods for companies to regain compliance with the applicable requirements."

Companies with a share price below $1 can stay listed more than a year before Nasdaq kicks them off. Largely owing to the pileup of stocks below $1, around one in six Nasdaq-listed companies is running afoul of the exchange's rules, Nasdaq data show.

"Exchanges are supposed to be gatekeepers and list only bona fide companies that have investor interest," said Rick Fleming, a former SEC investor advocate. "If a bunch of companies aren't really meeting those standards, it undermines the seal of approval that the exchanges are supposed to be imparting."

Many of today's sub-$1 stocks went public in 2020 and 2021 during a boom in initial public offerings and deals with special-purpose acquisition companies. Mergers with SPACs were a popular way for startups to go public until a regulatory crackdown in 2021 slowed the SPAC craze.

Nasdaq's website lists 583 companies that are "noncompliant" with its own listing rules. Besides falling below $1 a share, common reasons for companies to become noncompliant include failing to meet minimum targets for float, stockholders' equity or number of shareholders.

AEye, a maker of sensor technology for self-driving cars, is on the list because its shares have been stuck below $1 for nearly a year. They closed at 15 cents on Friday, down more than 98% since AEye made its debut on Nasdaq through a SPAC merger in August 2021.

The company plans a reverse stock split before the end of this year to regain compliance, an AEye spokeswoman said.

Reverse stock splits have surged as struggling companies seek to boost their share price above $1. There have been 255 reverse splits so far in 2023, up from 159 last year, according to data provider Wall Street Horizon.

Some investors view reverse splits as a black mark on a company's reputation, so companies often avoid doing them until there is no other choice.

Under Nasdaq rules, a company whose shares fall below $1 for 30 days gets a warning stating that it is noncompliant and has 180 days to get its share price back above the threshold. At the end of that period, many companies get an additional 180-day grace period if they say they are considering a reverse split or some other way to get back above $1.

At the end of the second 180-day period, companies can still avoid getting kicked off Nasdaq by requesting a hearing to appeal the delisting decision. Until the hearing, they won't be delisted. Companies must pay Nasdaq a $20,000 fee for the hearing.

Some of the sub-$1 stocks have enjoyed bursts of heavy trading volume as individual investors pile into them, driven by social-media chatter.

Inpixon, a maker of location software for factories and warehouses, unleashed a brief trading frenzy this summer after announcing a merger, even though it is a relatively obscure company whose shares have traded below $1 since January.

On July 25, about 267 million shares of Inpixon changed hands -- representing 2.7% of the shares traded in the entire U.S. stock market that day and more than 300 times the previous day's volume, according to Bloomberg Intelligence. On Friday, Inpixon closed at 7 cents a share.

Nasdaq has required listed companies to maintain a $1 share price since the 1990s, though it suspended the rule during market crashes in 2001, 2008 and 2020. The NYSE has a similar minimum-price rule on its flagship exchange. But the Big Board has far fewer companies trading below $1, because Nasdaq attracts the majority of companies with small market caps, which are more likely to fall below the threshold.

The recent surge in exchange-listed stocks trading for pennies raises concerns about market integrity, said S. Ghon Rhee, a finance professor at the University of Hawaii and co-author of a 2011 academic study on Nasdaq's $1 rule.

"When it comes to risks associated with stocks falling below $1, our findings suggest that noncompliant stocks were much more vulnerable to catastrophic losses," Rhee said. "Investors could have their entire investment wiped out."

Write to Alexander Osipovich at alexo@wsj.com

It is

This looks like Mullen Part 2.

rocket fuel 🚀 https://greenstocknews.com/news/nasdaq/wkhs/workhorse-group-receives-first-fleet-order-for-w56-step-van

WKHS new 52 week low

really?check your eyesight LOL

WKHS new 52 week low

https://www.otcmarkets.com/stock/WKHS

Moving up $WKHS

https://www.otcmarkets.com/stock/WKHS

WKHS new 52 week low

WKHS new 52 week low

WKHS new 52 week low

.74

BOUGHT SOME AND RED

Thanks. Yea not very strong this morning. Interesting Company.