In today’s recent session, 7.4 million shares of the Worksport Ltd. (NASDAQ:WKSP) have been traded, and its beta is 1.78. Most recently the company’s share price was $2.31, and it changed around $0.44 or 23.53% from the last close, which brings the market valuation of the company to $31.40M. WKSP at last check was trading at a discount to its 52-week high of $12.20, offering almost -428.14% off that amount. The share price’s 52-week low was $1.77, which indicates that the recent value has risen by an impressive 23.38% since then. We note from Worksport Ltd.’s average daily trading volume that its 10-day average is 63750.0 shares, with the 3-month average coming to 154.69K.
Worksport Ltd. stock received a consensus recommendation rating of a Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended WKSP as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
Worksport Ltd. (NASDAQ:WKSP) trade information
Instantly WKSP has been showing a green trend so far today with a performance of 23.53% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.3400 on Tuesday, 06/21/22 increased the stock’s daily price by 1.28%. The company’s shares are currently down -22.73% year-to-date, but still down -1.06% over the last five days. On the other hand, Worksport Ltd. (NASDAQ:WKSP) is -15.00% down in the 30-day period. We can see from the shorts that 0.42 million shares have been sold at a short interest cover period of 1.44 day(s).
The consensus price target as assigned by Wall Street analysts is $5.50, which translates to bulls needing to increase their stock price by 58.0% from its current value. Analyst projections state that WKSP is forecast to be at a low of $5.50 and a high of $5.50. In order for the stock price to hit the forecast high, the stock would need to plunge -138.1% from its current level, while the stock would need to crash -138.1% from its current level to reach the projected low.
Worksport Ltd. (WKSP) estimates and forecasts
Worksport Ltd. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -32.00 percent over the past six months and at a 97.10% annual growth rate that is well above the industry average of 16.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 19.40%.
Worksport Ltd.’s next quarterly earnings report is expected to be released on November 15.
Worksport Ltd. (NASDAQ:WKSP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 25.05% of Worksport Ltd. shares, and 1.91% of them are in the hands of institutional investors. The stock currently has a share float of 2.55%. Worksport Ltd. stock is held by 19 institutions, with Geode Capital Management, LLC being the largest institutional investor. By Dec 30, 2021, it held 0.38% of the shares, which is about 65150.0 shares worth $0.16 million.
Geode Capital Management, LLC, with 0.38% or 65150.0 shares worth $0.16 million as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
The former held 0.15 million shares worth $0.37 million, making up 0.88% of all outstanding shares.