The success of this company rests on the shoulders of investors and how much of its history are they willing to ignore, especially now the business relations between Workhorse Group and USPS coming to an end. At the moment, Workhorse Group is in the “do or die” stage with a new Chief Executive Officer (CEO), Richard Dauch, and what direction are they going to go with the drone business. However, according to Seeking Alpha, the history of failure on Workhorse’s part to deliver on its core product due to the Electric Vehicle (EV) bubble burst and the United States Postal Service (USPS) contract bid now over, unless Workhorse finds a solid direction to go on to survive and thrive as a company it could be as little as five years before it disappears into obscurity as the weaker companies establishing themselves in the EV industry is either bought out or forced into receivership as the stronger companies move forward. So far, the daily average volatility level of this stock has been slightly over seven percent. At the moment, the volatility of this stock has painted the picture of Workhorse Group as a very high-risk stock investment due to the pivot sell point which began on March 24, 2022.

On March 25, 2022, the stock fell from $4.49 USD to $4.33 USD and while that’s not an impressive number to boast with the price spike within the last two-week period has been up by nearly twenty-seven percent. However, as a long-term investment, the buy signal still exists as its future forecast shows enough promise to maintain support from current investors who are in this endeavor for the long haul. From a short-term investment point of view, the Workhorse Group’s stock performance comes across as an unstable ride with too much uncertainty.

Workhorse contract with usps