Workhorse Group, Inc. ( WKHS ) shares are trading lower on Monday. The company is anticipated to release 2024 fiscal year second quarter earnings on Wednesday before the market opens.

The Details: Analysts estimate a loss of $1.44 per share and revenue of $4.19 million.

For the first quarter, the company missed analysts estimate for both revenue and EPS by 67% and 11% respectively. Workhorse has missed analysts estimate for revenue and EPS for most of its earnings reports.

The stock is currently moving at approximately $1.1 which is below its 50 day moving average of $2 and towards the bottom of its 52 week range. The stock’s 52 week range is from $1.1 to $22.

How To Buy Workhorse Shares

By now you're likely curious about how to participate in the market for Workhorse Gr – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Workhorse Gr , which is trading at $1.14 as of publishing time, $100 would buy you 87.7 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

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WKHS Price Action: Workhorse stock is trading .43% lower at 1.14 at the time of publication per data from Benzinga Pro.

Image: Csaba Nagy from Pixabay