In today’s recent session, 5.15 million shares of the Worksport Ltd (NASDAQ:WKSP) have been traded, and its beta is 0.55. Most recently the company’s share price was $0.90, and it changed around $0.13 or 16.60% from the last close, which brings the market valuation of the company to $34.43M. WKSP at last check was trading at a discount to its 52-week high of $1.66, offering almost -84.44% off that amount. The share price’s 52-week low was $0.36, which indicates that the recent value has risen by an impressive 60.0% since then. We note from Worksport Ltd’s average daily trading volume that its 10-day average is 2.12 million shares, with the 3-month average coming to 972.77K.

Worksport Ltd stock received a consensus recommendation rating of Overweight, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended WKSP as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Worksport Ltd is expected to report earnings per share of 0 for the current quarter.

Worksport Ltd (NASDAQ:WKSP) trade information

Instantly WKSP has been showing a green trend so far today with a performance of 16.60% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.9222 on recent trading dayincreased the stock’s daily price by 2.41%. The company’s shares are currently down -39.66% year-to-date, but still up 53.13% over the last five days. On the other hand, Worksport Ltd (NASDAQ:WKSP) is 22.48% up in the 30-day period. We can see from the shorts that 0.92 million shares have been sold at a short interest cover period of 2.04 day(s).

The consensus price target as assigned by Wall Street analysts is $1.5, which translates to bulls needing to increase their stock price by 40.0% from its current value. Analyst projections state that WKSP is forecast to be at a low of $1.5 and a high of $1.5.

Worksport Ltd (WKSP) estimates and forecasts

The year-over-year growth rate is expected to be 357.63%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 2.2M in revenue for the current quarter. 1 analysts expect Worksport Ltd to make 3.1M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 839.37k and 512.64k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 162.10%. Forecasts for the next quarter put sales growth at 504.71%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 11.77%.

WKSP Dividends

Worksport Ltd’s next quarterly earnings report is expected to be released in January.

Worksport Ltd (NASDAQ:WKSP)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 8.24% of Worksport Ltd shares, and 9.37% of them are in the hands of institutional investors. The stock currently has a share float of 10.21%. Worksport Ltd stock is held by 22.0 institutions, with ARMISTICE CAPITAL, LLC being the largest institutional investor. By 2024-06-30, it held 10.4151% of the shares, which is about 2.21 million shares worth $1.72 million.

GEODE CAPITAL MANAGEMENT, LLC, with 0.9252% or 0.2 million shares worth $0.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 154.55 shares worth $0.14 million, making up 0.47% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 145.89 shares worth around $0.13 million, which represents about 0.44% of the total shares outstanding.