Worksport Ltd (NASDAQ: WKSP) is -66.94% lower on its value in year-to-date trading and has touched a low of $0.36 and a high of $2.91 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The WKSP stock was last observed hovering at around $0.51 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.49, the stock is -19.40% and -27.10% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -3.34% at the moment leaves the stock -46.01% off its SMA200. WKSP registered -82.59% loss for a year compared to 6-month loss of -45.27%.
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The stock witnessed a -20.56% gain in the last 1 month and extending the period to 3 months gives it a -19.43%, and is -11.63% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 18.41% over the week and 10.85% over the month.
Worksport Ltd (WKSP) has around 72 employees, a market worth around $14.61M and $3.73M in sales. Profit margin for the company is -410.94%. Distance from 52-week low is 36.83% and -83.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-61.51%).
The EPS is expected to grow by 33.33% this year
21.0 institutions hold shares in Worksport Ltd (WKSP), with institutional investors hold 10.42% of the company’s shares. The shares outstanding are 29.65M, and float is at 27.00M with Short Float at 2.46%. Institutions hold 9.53% of the Float.
The top institutional shareholder in the company is ARMISTICE CAPITAL, LLC with over 2.21 million shares valued at $1.72 million. The investor’s holdings represent 10.4151 of the WKSP Shares outstanding. As of 2024-06-30, the second largest holder is GEODE CAPITAL MANAGEMENT, LLC with 0.2 million shares valued at $0.15 million to account for 0.9252 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.15 million shares representing 0.7105 and valued at over $0.12 million, while CITADEL ADVISORS LLC holds 0.4689 of the shares totaling 99352.0 with a market value of $77375.0.
