Worksport Ltd (NASDAQ:WKSP)’s traded shares stood at 1.46 million during the last session, with the company’s beta value hitting 0.54. At the close of trading, the stock’s price was $0.90, to imply an increase of 7.19% or $0.06 in intraday trading. The WKSP share’s 52-week high remains $1.66, putting it -84.44% down since that peak but still an impressive 60.0% since price per share fell to its 52-week low of $0.36. The company has a valuation of $29.52M, with an average of 2.39 million shares in intraday trading volume over the past 10 days and average of 1.44 million shares over the past 3 months.
Worksport Ltd (NASDAQ:WKSP) trade information
After registering a 7.19% upside in the last session, Worksport Ltd (WKSP) has traded red over the past five days. The 5-day price performance for the stock is 6.49%, and 47.55% over 30 days. With these gigs, the year-to-date price performance is -39.86%. Short interest in Worksport Ltd (NASDAQ:WKSP) saw shorts transact 0.92 million shares and set a 2.04 days time to cover.
The extremes give us $1.5 and $1.5 for target low and target high price respectively. As such, WKSP has been trading -66.67% off suggested target high and -66.67% from its likely low.
Worksport Ltd (WKSP) estimates and forecasts
The rating firms project that company’s revenue will grow 470.07% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 3.16M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 3.36M.Earnings reports from the last fiscal year show that sales brought in 839.37k and 512.64k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 276.47% before jumping 555.43% in the following quarter.
WKSP Dividends
Worksport Ltd has its next earnings report out in January. 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 8.24% of total outstanding shares, with institutional holders owning 9.37% of the shares at 10.21% float percentage. In total, 9.37% 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.
