Market technicians note that WKHS is approaching oversold RSI levels. Historically, such conditions have preceded short-lived rallies, a factor in short-term Workhorse stock forecast conversations. A deep dive into the China EV market: China has invested over $230 billion in the past decade to develop its EV industry, a vital component of the overall automotive sector. To address this, the company implemented a 1-for-12.5 reverse stock split on March 17. This strategic move successfully boosted its share price, allowing Workhorse to regain compliance with Nasdaq listing rules on April 2, after maintaining a minimum $1 closing bid price for 10 consecutive trading days. Recent data shows Workhorse (NASDAQ: WKHS) has a market cap under $100M, reflecting investor skepticism. The stock forecast for short term hinges on updates regarding the W750 and C-Series models, critical for revenue growth in 2024–2025.
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