Worksport Ltd (NASDAQ:WKSP) has a beta value of 0.44 and has seen 4.13 million shares traded in the last trading session. The company, currently valued at $34.94M, closed the last trade at $1.06 per share which meant it gained $0.1 on the day or 10.02% during that session. The WKSP stock price is -45.28% off its 52-week high price of $1.54 and 66.04% above the 52-week low of $0.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.57 million shares traded. The 3-month trading volume is 1.60 million shares.
Worksport Ltd (NASDAQ:WKSP) trade information
Sporting 10.02% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the WKSP stock price touched $1.06 or saw a rise of 11.67%. Year-to-date, Worksport Ltd shares have moved 15.22%, while the 5-day performance has seen it change 15.22%. Over the past 30 days, the shares of Worksport Ltd (NASDAQ:WKSP) have changed 70.14%. Short interest in the company has seen 0.92 million shares shorted with days to cover at 2.04.
Wall Street analysts have a consensus price target for the stock at $1.5, which means that the shares’ value could jump 29.33% from current levels. The projected low price target is $1.5 while the price target rests at a high of $1.5. In that case, then, we find that the current price level is -41.51% off the targeted high while a plunge would see the stock gain -41.51% from current levels.
Worksport Ltd (WKSP) estimates and forecasts
The company’s shares have gained 50.61% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.77% over the past 5 years.
WKSP Dividends
Worksport Ltd is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Worksport Ltd (NASDAQ:WKSP)’s Major holders
Insiders own 8.24% of the company shares, while shares held by institutions stand at 9.37% with a share float percentage of 10.21%. Investors are also buoyed by the number of investors in a company, with Worksport Ltd having a total of 22.0 institutions that hold shares in the company. The top two institutional holders are ARMISTICE CAPITAL, LLC with over 2.21 million shares worth more than $1.72 million. As of 2024-06-30, ARMISTICE CAPITAL, LLC held 10.4151% of shares outstanding.
The other major institutional holder is GEODE CAPITAL MANAGEMENT, LLC, with the holding of over 0.2 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.15 million and represent 0.9252% of shares outstanding.
