During the last session, Worksport Ltd (NASDAQ:WKSP)’s traded shares were 0.32 million, with the beta value of the company hitting 0.74. At the end of the trading day, the stock’s price was $0.45, reflecting an intraday loss of -2.34% or -$0.01. The 52-week high for the WKSP share is $2.78, that puts it down -517.78 from that peak though still a striking 20.0% gain since the share price plummeted to a 52-week low of $0.36. The company’s market capitalization is $13.34M, and the average intraday trading volume over the past 10 days was 0.56 million shares, and the average trade volume was 287.17K shares over the past three months.
Worksport Ltd (NASDAQ:WKSP) trade information
Worksport Ltd (WKSP) registered a -2.34% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.34% in intraday trading to $0.45, hitting a weekly high. The stock’s 5-day price performance is -2.47%, and it has moved by -32.03% in 30 days. Based on these gigs, the overall price performance for the year is -82.49%. The short interest in Worksport Ltd (NASDAQ:WKSP) is 0.67 million shares and it means that shorts have 3.3 day(s) to cover.
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Worksport Ltd (WKSP) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 40.90% this quarter and then jump 26.30% in the quarter after that. In the rating firms’ projections, revenue will increase 377.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.1M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 3.2M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 458k and 839k respectively. In this case, analysts expect current quarter sales to grow by 358.50% and then jump by 281.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 11.77%. While earnings are projected to return 33.33% in 2024.
WKSP Dividends
Worksport Ltd is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Worksport Ltd (NASDAQ:WKSP)’s Major holders
Worksport Ltd insiders own 8.60% of total outstanding shares while institutional holders control 9.53%, with the float percentage being 10.42%. ARMISTICE CAPITAL, LLC is the largest shareholder of the company, while 21.0 institutions own stock in it. As of 2024-06-30, the company held over 2.21 million shares (or 10.4151% of all shares), a total value of $1.72 million in shares.
The next largest institutional holding, with 0.2 million shares, is of GEODE CAPITAL MANAGEMENT, LLC’s that is approximately 0.9252% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.15 million.
