A new trading day began on Friday, with Worksport Ltd (NASDAQ: WKSP) stock price up 10.17% from the previous day of trading, before settling in for the closing price of $0.58. WKSP’s price has ranged from $0.36 to $1.97 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 271.42%. Meanwhile, its annual earnings per share averaged 33.33%. With a float of $30.19 million, this company’s outstanding shares have now reached $32.94 million.
Let’s determine the extent of company efficiency that accounts for 72 employees. In terms of profitability, gross margin is 4.54%, operating margin of -234.47%, and the pretax margin is -242.68%.
Worksport Ltd (WKSP) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Auto Parts Industry. The insider ownership of Worksport Ltd is 8.24%, while institutional ownership is 10.85%. The most recent insider transaction that took place on Nov 19 ’24, was worth 25,000. In this transaction CEO and President of this company bought 33,333 shares at a rate of $0.75, taking the stock ownership to the 2,525,871 shares.
Worksport Ltd (WKSP) Recent Fiscal highlights
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.19 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 33.33% per share during the next fiscal year.
Worksport Ltd (NASDAQ: WKSP) Trading Performance Indicators
Here are Worksport Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.62.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.33 in one year’s time.
Technical Analysis of Worksport Ltd (WKSP)
Looking closely at Worksport Ltd (NASDAQ: WKSP), its last 5-days average volume was 1.97 million, which is a jump from its year-to-date volume of 0.42 million. As of the previous 9 days, the stock’s Stochastic %D was 22.01%. Additionally, its Average True Range was 0.10.
During the past 100 days, Worksport Ltd’s (WKSP) raw stochastic average was set at 45.53%, which indicates a significant increase from 36.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 146.84% in the past 14 days, which was higher than the 106.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.6000, while its 200-day Moving Average is $0.6916. However, in the short run, Worksport Ltd’s stock first resistance to watch stands at $0.6674. Second resistance stands at $0.6959. The third major resistance level sits at $0.7248. If the price goes on to break the first support level at $0.6100, it is likely to go to the next support level at $0.5811. Now, if the price goes above the second support level, the third support stands at $0.5526.
Worksport Ltd (NASDAQ: WKSP) Key Stats
With a market capitalization of 23.19 million, the company has a total of 32,938K Shares Outstanding. Currently, annual sales are 1,530 K while annual income is -14,930 K. The company’s previous quarter sales were 3,120 K while its latest quarter income was -4,130 K.
