Worksport Ltd (NASDAQ: WKSP) Has Succeeded In Generating Interest In 2024, The Stock Is Down -71.14% Year-To-Date

Worksport Ltd (NASDAQ:WKSP)’s traded shares stood at 0.48 million during the latest session, with the company’s beta value hitting 0.74. At the last check today, the stock’s price was $0.43, to imply an increase of 3.19% or $0.01 in intraday trading. The WKSP share’s 52-week high remains $2.07, putting it -381.4% down since that peak but still an impressive 16.28% since price per share fell to its 52-week low of $0.36. The company has a valuation of $12.75M, with an average of 0.3 million shares in intraday trading volume over the past 10 days and average of 265.24K shares over the past 3 months.

Worksport Ltd (NASDAQ:WKSP) trade information

After registering a 3.19% upside in the latest session, Worksport Ltd (WKSP) has traded red over the past five days. The 5-day price performance for the stock is 3.34%, and -22.86% over 30 days. With these gigs, the year-to-date price performance is -71.14%. Short interest in Worksport Ltd (NASDAQ:WKSP) saw shorts transact 1.16 million shares and set a 3.58 days time to cover.

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Worksport Ltd (WKSP) estimates and forecasts

Revenue is forecast to grow 40.90% this quarter before jumping 26.30% for the next one. The rating firms project that company’s revenue will grow 377.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is 2.1M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 3.2M.Earnings reports from the last fiscal year show that sales brought in 458k and 839k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 358.50% before jumping 281.40% in the following quarter.

WKSP Dividends

Worksport Ltd has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Worksport Ltd (NASDAQ:WKSP)’s Major holders

Worksport Ltd insiders hold 8.60% of total outstanding shares, with institutional holders owning 9.53% of the shares at 10.42% float percentage. In total, 9.53% institutions holds shares in the company, led by ARMISTICE CAPITAL, LLC. As of 2024-06-30, the company held over 2.21 million shares (or 10.4151% of shares), all amounting to roughly $1.72 million.

The next major institution holding the largest number of shares is GEODE CAPITAL MANAGEMENT, LLC with 0.2 million shares, or about 0.9252% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.15 million.