Worksport Ltd (NASDAQ: WKSP) is 4.73% higher on its value in year-to-date trading and has touched a low of $0.36 and a high of $1.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The WKSP stock was last observed hovering at around $0.96 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.96, the stock is 8.38% and 25.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 0.07% at the moment leaves the stock 48.42% off its SMA200. WKSP registered -31.18% loss for a year compared to 6-month loss of 32.79%. The firm has a 50-day simple moving average (SMA 50) of $0.76562 and a 200-day simple moving average (SMA200) of $0.649215.
The stock witnessed a 61.01% gain in the last 1 month and extending the period to 3 months gives it a 96.71%, and is 7.52% 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 14.70% over the week and 14.99% over the month.
Worksport Ltd (WKSP) has around 72 employees, a market worth around $31.76M and $6.40M in sales. Profit margin for the company is -242.68%. Distance from 52-week low is 167.64% and -37.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-70.76%).
The EPS is expected to grow by 33.33% this year.
Worksport Ltd (WKSP) Top Institutional Holders
22.0 institutions hold shares in Worksport Ltd (WKSP), with institutional investors hold 10.21% of the company’s shares. The shares outstanding are 30.92M, and float is at 30.36M with Short Float at 3.09%. Institutions hold 9.37% 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
The most recent transaction is an insider purchase by Rossi Steven F., the company’s CEO and President. SEC filings show that Rossi Steven F. bought 33,333 shares of the company’s common stock on Nov 19 ’24 at a price of $0.75 per share for a total of $25000.0. Following the purchase, the insider now owns 2.53 million shares.
