In the latest trading session, 0.71 million Worksport Ltd (NASDAQ:WKSP) shares changed hands as the company’s beta touched 2.03. With the company’s most recent per share price at $0.32 changed hands at -$0.05 or -13.13% at last look, the market valuation stands at $10.46M. WKSP’s current price is a discount, trading about -275.0% off its 52-week high of $1.20. The share price had its 52-week low at $0.36, which suggests the last value was -12.5% down since then. When we look at Worksport Ltd’s average trading volume, we note the 10-day average is 0.93 million shares, with the 3-month average coming to 1.24 million.
Worksport Ltd (NASDAQ:WKSP) trade information
Instantly WKSP was in red as seen in intraday trades today. With action -42.59%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -65.48%, with the 5-day performance at -42.59% in the red. However, in the 30-day time frame, Worksport Ltd (NASDAQ:WKSP) is -62.64% down. Looking at the short shares, we see there were 0.78 million shares sold at short interest cover period of 0.91 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.5, meaning bulls need an upside of 78.67% from its recent market value. According to analyst projections, WKSP’s forecast low is 1.5 with 1.75 as the target high. To hit the forecast high, the stock’s price needs a -446.88% plunge from its current level, while the stock would need to soar -368.75% 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 30.36%, but the outlook for the next 5-year period is at 60.96% per year.
Worksport Ltd (NASDAQ:WKSP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.84% of Worksport Ltd shares while 12.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 13.58%. There are 12.52% institutions holding the Worksport Ltd stock share, with ARMISTICE CAPITAL, LLC the top institutional holder. As of 2024-06-30, the company held 10.4151% of the shares, roughly 2.21 million WKSP shares worth $1.72 million.
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 $48342.0 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 $47341.0.
