Worksport Ltd (WKSP) is destined for greater heights as its last quarter sales were 4,100 K

Steve Mayer

A new trading day began on Monday, with Worksport Ltd (NASDAQ: WKSP) stock price up 8.08% from the previous day of trading, before settling in for the closing price of $3.34. WKSP’s price has ranged from $2.44 to $12.00 over the past 52 weeks.

A company in the Consumer Cyclical sector has dropped its sales by -24.52% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 56.16%. With a float of $6.38 million, this company’s outstanding shares have now reached $6.64 million.

In an organization with 81 employees, it is important to assess its efficiency.

Worksport Ltd (WKSP) Insider Updates

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 3.89%, while institutional ownership is 6.00%. 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) Performance Highlights and Predictions

In its latest quarterly report, released on 9/30/2024, the company reported earnings of -1.4 per share, which was $0.1 lower 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 -0.33 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 56.16% 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 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.93.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.35, a number that is poised to hit -0.61 in the next quarter and is forecasted to reach -1.46 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 0.58 million. That was better than the volume of 0.27 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 49.62%.

During the past 100 days, Worksport Ltd’s (WKSP) raw stochastic average was set at 47.16%, which indicates a significant decrease from 67.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.29 in the past 14 days, which was lower than the 0.34 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.32, while its 200-day Moving Average is $4.74. However, in the short run, Worksport Ltd’s stock first resistance to watch stands at $3.74. Second resistance stands at $3.86. The third major resistance level sits at $4.08. If the price goes on to break the first support level at $3.40, it is likely to go to the next support level at $3.18. Assuming the price breaks the second support level, the third support level stands at $3.06.

Worksport Ltd (NASDAQ: WKSP) Key Stats

With a market capitalization of 23.98 million, the company has a total of 6,642K Shares Outstanding. Currently, annual sales are 8,480 K while annual income is -16,160 K. The company’s previous quarter sales were 4,100 K while its latest quarter income was -3,730 K.

News Daemon
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.