5 Cheap Small-Cap Stocks to Buy Before the Next Breakout

4. Workhorse Group Inc. (NASDAQ:WKHS)

Number of Hedge Fund Holders: 12

Share Price as of December 7: $2.30

Workhorse Group Inc. (NASDAQ:WKHS) is a Sharonville, Ohio-based company involved in designing and manufacturing electric vehicles, trucks, and drones. Furthermore, the company has a real-time telematics performance monitoring system based on the cloud platform. The system is focused on optimizing last-mile delivery.

In a research note issued on November 11, Christopher Souther at B. Riley assigned Workhorse Group Inc. (NASDAQ:WKHS) a target price of $5 and maintained a Buy rating on the stock. The company reiterated its top-line forecast for 2022 following an analysis of the testing issues faced by the C1000 vehicles. Furthermore, based on significant consumer demand, Workhorse Group Inc. (NASDAQ:WKHS) has also developed a new series of drones which is in the final flight testing phase. The company is in discussion with prospective clients about filing this item in both Europe and North America. Analysts think Workhorse Group Inc. (NASDAQ:WKHS) is one of the best small-cap stocks as the company has formed crucial commercial alliances that will allow it to expand significantly in the near future.

Follow Workhorse Group Inc. (OTCMKTS:WKHS)