Worksport Ltd (NASDAQ: WKSP) is -65.77% lower on its value in year-to-date trading and has touched a low of $0.36 and a high of $2.04 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 $0.49 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.51, the stock is 12.64% and -11.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 4.12% at the moment leaves the stock -37.51% off its SMA200. WKSP registered -74.24% loss for a year compared to 6-month loss of -16.39%. The firm has a 50-day simple moving average (SMA 50) of $0.57076 and a 200-day simple moving average (SMA200) of $0.811665.
The stock witnessed a -8.65% gain in the last 1 month and extending the period to 3 months gives it a -27.54%, and is 21.46% up 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 15.32% over the week and 13.60% over the month.
Worksport Ltd (WKSP) has around 72 employees, a market worth around $15.12M and $3.73M in sales. Profit margin for the company is -410.94%. Distance from 52-week low is 41.67% and -75.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-61.51%).
with sales reaching $2.1M over the same period.The EPS is expected to grow by 35.71% this year, but quarterly earnings will post 377.10% year-over-year. Quarterly sales are estimated to grow 358.50% in year-over-year returns.
Worksport Ltd (WKSP) Top Institutional Holders
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 27.10M with Short Float at 4.27%. 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.
Worksport Ltd (WKSP) Insider Activity
#####
