In last trading session, Worksport Ltd (NASDAQ:WKSP) saw 1.99 million shares changing hands with its beta currently measuring 0.43. Company’s recent per share price level of $1.03 trading at $0.04 or 4.04% at ring of the bell on the day assigns it a market valuation of $33.93M. That closing price of WKSP’s stock is at a discount of -49.51% from its 52-week high price of $1.54 and is indicating a premium of 65.05% from its 52-week low price of $0.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.44 million shares which gives us an average trading volume of 1.92 million if we extend that period to 3-months.
Worksport Ltd (NASDAQ:WKSP) trade information
Upright in the green during last session for gaining 4.04%, in the last five days WKSP remained trading in the green while hitting it’s week-highest on Wednesday, 01/29/25 when the stock touched $1.03 price level, adding 6.36% to its value on the day. Worksport Ltd’s shares saw a change of 11.96% in year-to-date performance and have moved 7.29% in past 5-day. Worksport Ltd (NASDAQ:WKSP) showed a performance of 14.94% in past 30-days. Number of shares sold short was 0.92 million shares which calculate 2.04 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 1.5 to the stock, which implies a rise of 31.33% to its current value. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 1.5. It follows that stock’s current price would drop -45.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of -45.63% for stock’s current value.
Worksport Ltd (WKSP) estimates and forecasts
Statistics highlight that Worksport Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 47.25% of value to its shares in past 6 months, showing an annual growth rate of 28.57% while that of industry is -12.30. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 454.12% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.92M for the same. And 3 analysts are in estimates of company making revenue of 3.52M in the next quarter. Company posted 839.37k and 512.64k of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 11.77% during past 5 years.
Worksport Ltd (NASDAQ:WKSP)’s Major holders
Insiders are in possession of 8.24% of company’s total shares while institution are holding 9.37 percent of that, with stock having share float percentage of 10.21%. Investors also watch the number of corporate investors in a company very closely, which is 9.37% institutions for Worksport Ltd that are currently holding shares of the company. ARMISTICE CAPITAL, LLC is the top institutional holder at WKSP for having 2.21 million shares of worth $1.72 million. And as of 2024-06-30, it was holding 10.4151 of the company’s outstanding shares.
The second largest institutional holder is GEODE CAPITAL MANAGEMENT, LLC, which was holding about 0.2 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.9252 of outstanding shares, having a total worth of $0.15 million.
