In the latest trading session, 0.7 million Worksport Ltd (NASDAQ:WKSP) shares changed hands as the company’s beta touched 2.09. With the company’s most recent per share price at $0.67 changed hands at -$0.03 or -5.07% at last look, the market valuation stands at $22.03M. WKSP’s current price is a discount, trading about -88.06% off its 52-week high of $1.26. The share price had its 52-week low at $0.36, which suggests the last value was 46.27% up since then.
Worksport Ltd (NASDAQ:WKSP) trade information
Instantly WKSP was in red as seen in intraday trades today. With action -18.48%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -27.29%, with the 5-day performance at -18.48% in the red. However, in the 30-day time frame, Worksport Ltd (NASDAQ:WKSP) is -26.49% down.
The consensus price target for the stock as assigned by Wall Street analysts is 1.5, meaning bulls need an upside of 55.33% from its recent market value. According to analyst projections, WKSP’s forecast low is 1.5 with 1.5 as the target high. To hit the forecast high, the stock’s price needs a -123.88% plunge from its current level, while the stock would need to soar -123.88% for it to hit the projected low.
Worksport Ltd (WKSP) estimates and forecasts
Year-over-year growth is forecast to reach 454.12% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 2.92M. 3 analysts are of the opinion that Worksport Ltd’s revenue for the current quarter will be 3.52M. The company’s revenue for the corresponding quarters a year ago was 839.37k and 512.64k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 247.64%. The estimates for the next quarter sales put growth at 586.97%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.77%. The 2025 estimates are for Worksport Ltd earnings to increase by 30.50%, but the outlook for the next 5-year period is at 58.51% per year.
Worksport Ltd (NASDAQ:WKSP)’s Major holders
GEODE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.9252% or 0.2 million shares worth $0.15 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Fidelity Extended Market Index Fund and Vanguard Extended Market Index Fund. With 148.97 shares estimated at $0.1 million under it, the former controlled 0.45% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.44% of the shares, roughly 145.89 shares worth around $98461.0.
