A new trading day began on Monday, with Worksport Ltd (NASDAQ: WKSP) stock price down -5.38% from the previous day of trading, before settling in for the closing price of $0.88. WKSP’s price has ranged from $0.36 to $1.54 over the past 52 weeks.
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Annual sales at Consumer Cyclical sector company grew by 264.26% over the past five years. Meanwhile, its annual earnings per share averaged 33.33%. With a float of $30.36 million, this company’s outstanding shares have now reached $30.92 million.
Let’s look at the performance matrix of the company that is accounted 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) Insider and Institutional Ownership
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 7.84%, 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) Latest Financial update
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 4.27.
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 -0.27 in one year’s time.
Technical Analysis of Worksport Ltd (WKSP)
Worksport Ltd (NASDAQ: WKSP) saw its 5-day average volume 1.95 million, a positive change from its year-to-date volume of 1.79 million. As of the previous 9 days, the stock’s Stochastic %D was 15.27%. Additionally, its Average True Range was 0.12.
During the past 100 days, Worksport Ltd’s (WKSP) raw stochastic average was set at 54.44%, which indicates a significant increase from 16.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.49% in the past 14 days, which was lower than the 113.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7831, while its 200-day Moving Average is $0.6578. Nevertheless, the first resistance level for the watch stands at $0.8798 in the near term. At $0.9297, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.9920. If the price goes on to break the first support level at $0.7676, it is likely to go to the next support level at $0.7053. The third support level lies at $0.6554 if the price breaches the second support level.
Worksport Ltd (NASDAQ: WKSP) Key Stats
With a market capitalization of 27.33 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.
