In last trading session, Worksport Ltd (NASDAQ:WKSP) saw 0.32 million shares changing hands with its beta currently measuring 0.50. Company’s recent per share price level of $0.62 trading at $0.03 or 4.75% at ring of the bell on the day assigns it a market valuation of $20.27M. That closing price of WKSP’s stock is at a discount of -182.26% from its 52-week high price of $1.75 and is indicating a premium of 41.94% from its 52-week low price of $0.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.47 million shares which gives us an average trading volume of 689.27K if we extend that period to 3-months.
Worksport Ltd (NASDAQ:WKSP) trade information
Upright in the green during last session for gaining 4.75%, in the last five days WKSP remained trading in the green while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $0.62 price level, adding 7.03% to its value on the day. Worksport Ltd’s shares saw a change of -58.70% in year-to-date performance and have moved 6.10% in past 5-day. Worksport Ltd (NASDAQ:WKSP) showed a performance of -16.27% in past 30-days. Number of shares sold short was 0.92 million shares which calculate 2.04 days to cover the short interests.
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Wall Street analysts have assigned a consensus price target of 1.5 to the stock, which implies a rise of 58.67% to its current value. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 1.5. It follows that stock’s current price would drop -141.94% in reaching the projected high whereas dropping to the targeted low would mean a loss of -141.94% for stock’s current value.
Worksport Ltd (WKSP) estimates and forecasts
This year revenue growth is estimated to rise 357.63% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.2M for the same. And 1 analysts are in estimates of company making revenue of 3.1M in the next quarter. Company posted 839.37k and 512.64k of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 11.77% during past 5 years.
Worksport Ltd (NASDAQ:WKSP)’s Major holders
Insiders are in possession of 8.24% of company’s total shares while institution are holding 9.37 percent of that, with stock having share float percentage of 10.21%. Investors also watch the number of corporate investors in a company very closely, which is 9.37% institutions for Worksport Ltd that are currently holding shares of the company. ARMISTICE CAPITAL, LLC is the top institutional holder at WKSP for having 2.21 million shares of worth $1.72 million. And as of 2024-06-30, it was holding 10.4151 of the company’s outstanding shares.
The second largest institutional holder is GEODE CAPITAL MANAGEMENT, LLC, which was holding about 0.2 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.9252 of outstanding shares, having a total worth of $0.15 million.
On the other hand, Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 154.55 shares of worth $93071.0 or 0.47% of the total outstanding shares. The later fund manager was in possession of 145.89 shares on Jun 30, 2024 , making its stake of worth around $87855.0 in the company or a holder of 0.44% of company’s stock.
