During the recent session, Worksport Ltd (NASDAQ:WKSP)’s traded shares were 2.32 million, with the beta value of the company hitting 2.00. At the last check today, the stock’s price was $3.21, reflecting an intraday loss of -12.53% or -$0.46. The 52-week high for the WKSP share is $12.00, that puts it down -273.83 from that peak though still a striking 1.87% gain since the share price plummeted to a 52-week low of $3.15. The company’s market capitalization is $15.39M, and the average intraday trading volume over the past 10 days was 0.21 million shares, and the average trade volume was 124.12K shares over the past three months.
Worksport Ltd (NASDAQ:WKSP) trade information
Worksport Ltd (WKSP) registered a -12.53% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -12.53% in intraday trading to $3.21, hitting a weekly high. The stock’s 5-day price performance is -5.31%, and it has moved by -53.57% in 30 days. Based on these gigs, the overall price performance for the year is -46.41%. The short interest in Worksport Ltd (NASDAQ:WKSP) is 65982.0 shares and it means that shorts have 0.83 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.5, which implies a decrease of -114.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $1.75 respectively. As a result, WKSP is trading at a premium of 45.48% off the target high and 53.27% off the low.
Worksport Ltd (WKSP) estimates and forecasts
In the rating firms’ projections, revenue will increase 454.64% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.91M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 3.72M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 839.37k and 512.64k respectively. In this case, analysts expect current quarter sales to grow by 246.93% and then jump by 625.98% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 11.77%. While earnings are projected to return 30.24% in 2025, the next five years will return 54.72% per annum.
WKSP Dividends
Worksport Ltd is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Worksport Ltd (NASDAQ:WKSP)’s Major holders
Worksport Ltd insiders own 5.39% of total outstanding shares while institutional holders control 8.60%, with the float percentage being 9.09%. ARMISTICE CAPITAL, LLC is the largest shareholder of the company, while 30.0 institutions own stock in it. As of 2024-06-30, the company held over 2.21 million shares (or 10.4151% of all shares), a total value of $1.72 million in shares.
The next largest institutional holding, with 0.2 million shares, is of GEODE CAPITAL MANAGEMENT, LLC’s that is approximately 0.9252% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.15 million.
Also, the Mutual Funds coming in first place with the largest holdings of Worksport Ltd (WKSP) shares are Fidelity Concord Street Trust-Fidelity Extended Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund. Data provided on Dec 31, 2024 indicates that Fidelity Concord Street Trust-Fidelity Extended Market Index Fund owns about 14.9 shares. This amounts to just over 0.31 percent of the company’s overall shares, with a $46489.0 market value. The same data shows that the other fund manager holds slightly less at 14.59, or about 0.30% of the stock, which is worth about $45527.0.
