Worksport Ltd (NASDAQ:WKSP) has a beta value of 0.42 and has seen 1.71 million shares traded in the last trading session. The company, currently valued at $29.97M, closed the last trade at $0.91 per share which meant it lost -$0.03 on the day or -3.34% during that session. The WKSP stock price is -69.23% off its 52-week high price of $1.54 and 60.44% 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 1.21 million shares traded. The 3-month trading volume is 1.83 million shares.
Worksport Ltd (NASDAQ:WKSP) trade information
Sporting -3.34% in the red 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 $0.91 or saw a rise of 12.5%. Year-to-date, Worksport Ltd shares have moved -1.09%, while the 5-day performance has seen it change 10.76%. Over the past 30 days, the shares of Worksport Ltd (NASDAQ:WKSP) have changed 9.03%. 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 39.33% 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 -64.84% off the targeted high while a plunge would see the stock gain -64.84% from current levels.
Worksport Ltd (WKSP) estimates and forecasts
Figures show that Worksport Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 42.90% over the past 6 months, with this year growth rate of 28.57%, compared to -12.30% for the industry. Revenue growth from the last financial year stood is estimated to be 454.12%.
2 analysts offering their estimates for the company have set an average revenue estimate of 2.92M for the current quarter. 3 have an estimated revenue figure of 3.52M for the next ending quarter. Year-ago sales stood 839.37k and 512.64k respectively for this quarter and the next, and analysts expect sales will grow by 247.64% for the current quarter and 454.12% for the next.
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.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund . As of Nov 30, 2024 , the former fund manager holds about 0.46% shares in the company for having 150.17 shares of worth $0.14 million while later fund manager owns 145.89 shares of worth $0.13 million as of Sep 30, 2024 , which makes it owner of about 0.44% of company’s outstanding stock.
