June 22, 2022, Worksport Ltd. (NASDAQ: WKSP) trading session started at the price of $2.12, that was 10.70% jump from the session before. During the day, the shares moved up to $2.47 and dropped to $1.98 before settling in for the closing price of $1.87. A 52-week range for WKSP has been $1.77 – $12.20.
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Annual sales at Consumer Cyclical sector company slipped by -3.40% over the past five years. When this article was written, the company’s average yearly earnings per share was at -58.10%. With a float of $12.71 million, this company’s outstanding shares have now reached $16.99 million.
Let’s look at the performance matrix of the company that is accounted for 11 employees.
Worksport Ltd. (WKSP) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Worksport Ltd. stocks. The insider ownership of Worksport Ltd. is 19.00%, while institutional ownership is 1.20%.
Worksport Ltd. (WKSP) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 12/30/2021, it has been observed that the corporation posted -$0.32 earnings per share (EPS) during the time that was less than consensus figure (set at -$0.09) by -$0.23. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -58.10% per share during the next fiscal year.
Worksport Ltd. (NASDAQ: WKSP) Trading Performance Indicators
You can see what Worksport Ltd. (WKSP) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 16.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 115.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.62, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.18 in one year’s time.
Technical Analysis of Worksport Ltd. (WKSP)
Worksport Ltd. (NASDAQ: WKSP) saw its 5-day average volume 2.31 million, a positive change from its year-to-date volume of 0.24 million. As of the previous 9 days, the stock’s Stochastic %D was 20.13%. Additionally, its Average True Range was 0.16.
During the past 100 days, Worksport Ltd.’s (WKSP) raw stochastic average was set at 17.26%, which indicates a significant decrease from 39.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.11% in the past 14 days, which was lower than the 87.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.2300, while its 200-day Moving Average is $3.4000. Nevertheless, the first resistance level for the watch stands at $2.3700 in the near term. At $2.6600, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.8600. If the price goes on to break the first support level at $1.8800, it is likely to go to the next support level at $1.6800. Assuming the price breaks the second support level, the third support level stands at $1.3900.
Worksport Ltd. (NASDAQ: WKSP) Key Stats
There are 17,001K outstanding shares of the company, which has a market capitalization of 34.76 million. As of now, sales total 300 K while income totals -7,900 K. Its latest quarter income was 50 K while its last quarter net income were -2,820 K.