In the last trading session, 2.21 million shares of the Worksport Ltd (NASDAQ:WKSP) were traded, and its beta was 0.43. Most recently the company’s share price was $0.83, and it changed around $0.01 or 1.07% from the last close, which brings the market valuation of the company to $27.40M. WKSP currently trades at a discount to its 52-week high of $1.54, offering almost -85.54% off that amount. The share price’s 52-week low was $0.36, which indicates that the current value has risen by an impressive 56.63% since then. We note from Worksport Ltd’s average daily trading volume that its 10-day average is 1.35 million shares, with the 3-month average coming to 1.75 million.
Worksport Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended WKSP as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
Worksport Ltd (NASDAQ:WKSP) trade information
Instantly WKSP has showed a green trend with a performance of 1.07% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.8750 on recent trading dayincreased the stock’s daily price by 5.14%. The company’s shares are currently down -9.57% year-to-date, but still up 0.27% over the last five days. On the other hand, Worksport Ltd (NASDAQ:WKSP) is -15.79% down 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 44.67% 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.
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 February.
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 Nov 30, 2024 . The former held 150.17 shares worth $0.12 million, making up 0.46% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 145.89 shares worth around $0.12 million, which represents about 0.44% of the total shares outstanding.
