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.
