Worksport Ltd (NASDAQ: WKSP) kicked off on Friday, down -3.16% from the previous trading day, before settling in for the closing price of $0.82. Over the past 52 weeks, WKSP has traded in a range of $0.36-$1.48.
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A company in the Consumer Cyclical sector has jumped its sales by 264.26% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 30.50%. With a float of $30.36 million, this company’s outstanding shares have now reached $30.92 million.
In an organization with 72 employees, it is important to assess its efficiency. 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
Our next focus will be how large-scale investors are participating in this stock of the Auto Parts Industry. The insider ownership of Worksport Ltd is 7.84%, while institutional ownership is 12.52%. 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 30.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 58.51% during the next five years compared to 11.77% growth over the previous five years of trading.
Worksport Ltd (NASDAQ: WKSP) Trading Performance Indicators
Take a look at Worksport Ltd’s (WKSP) current performance indicators. Last quarter, 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 4.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.66, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.32 in one year’s time.
Technical Analysis of Worksport Ltd (WKSP)
Let’s dig in a bit further. During the last 5-days, its volume was 0.64 million. That was inferior than the volume of 1.16 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.85%. Additionally, its Average True Range was 0.08.
During the past 100 days, Worksport Ltd’s (WKSP) raw stochastic average was set at 50.05%, which indicates a significant increase from 9.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.18% in the past 14 days, which was lower than the 113.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9003, while its 200-day Moving Average is $0.7036. However, in the short run, Worksport Ltd’s stock first resistance to watch stands at $0.8306. Second resistance stands at $0.8670. The third major resistance level sits at $0.8941. If the price goes on to break the first support level at $0.7671, it is likely to go to the next support level at $0.7400. The third support level lies at $0.7036 if the price breaches the second support level.
Worksport Ltd (NASDAQ: WKSP) Key Stats
The company with the Market Capitalisation of 26.16 million has total of 32,938K Shares Outstanding. Its annual sales at the moment are 1,530 K in contrast with the sum of -14,930 K annual income. Company’s last quarter sales were recorded 3,120 K and last quarter income was -4,130 K.
