Worksport (WKSP) Stock Price, News & Analysis

Company Overview

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station. It serves its products to automotive accessories, consumer electronics, and residential and commercial HVAC system markets. The company also sells its products through wholesalers, private labels, distributors, and online retail channels, including eBay, Amazon, Walmart, and e-commerce platform hosted on Shopify. Worksport Ltd. is based in West Seneca, New York.

Key Stats

• Today's Range: $0.71 to $0.79
• 50-Day Range: $0.40 to $0.81
• 52-Week Range: $0.36 to $1.97
• Volume: 213,405 shs
• Average Volume: 329,761 shs
• Market Capitalization: $20.87 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Worksport Stock Analysis - MarketRank™

Worksport scored higher than 27% of companies evaluated by MarketBeat, and ranked 191st out of 206 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Worksport.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Worksport is -0.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Worksport is -0.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Worksport has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.55% of the float of Worksport has been sold short.

Short Interest Ratio / Days to Cover

Worksport has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Worksport has recently decreased by 43.80%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Worksport does not currently pay a dividend.

Dividend Growth

Worksport does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.55% of the float of Worksport has been sold short.

Short Interest Ratio / Days to Cover

Worksport has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Worksport has recently decreased by 43.80%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.61

News Sentiment

Worksport has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Worksport this week, compared to 1 article on an average week.

MarketBeat Follows

2 people have added Worksport to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Worksport insiders have not sold or bought any company stock.

Percentage Held by Insiders

10.07% of the stock of Worksport is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 16.11% of the stock of Worksport is held by institutions.

WKSP Stock Analysis - Frequently Asked Questions

How have WKSP shares performed this year?

Worksport's stock was trading at $1.49 on January 1st, 2024. Since then, WKSP shares have decreased by 50.7% and is now trading at $0.7340.
View the best growth stocks for 2024 here.

How were Worksport's earnings last quarter?

Worksport Ltd. (NASDAQ:WKSP) announced its quarterly earnings results on Tuesday, August, 13th. The company reported ($0.15) EPS for the quarter. The company had revenue of $1.92 million for the quarter. Worksport had a negative trailing twelve-month return on equity of 84.45% and a negative net margin of 410.82%.

How do I buy shares of Worksport?

Shares of WKSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Worksport own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Worksport investors own include Scilex (SCLX), Rigetti Computing (RGTI), Pfizer (PFE), PACCAR (PCAR), Novo Nordisk A/S (NVO), Arista Networks (ANET) and Fabrinet (FN).

Company Calendar

• Last Earnings: 8/13/2024
• Today: 10/25/2024
• Next Earnings (Estimated): 11/12/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Motor vehicle parts & accessories
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:WKSP
• CUSIP: N/A
• CIK: 1096275
• Web: www.worksport.com
• Phone: (888) 554-8789
• Fax: 416-352-5389
• Employees: 10
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.82)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-14,930,000.00
• Net Margins: -410.82%
• Pretax Margin: -410.85%
• Return on Equity: -84.45%
• Return on Assets: -58.39%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 4.77
• Quick Ratio: 1.93

Sales & Book Value

• Annual Sales: $3.73 million
• Price / Sales: 5.59
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.94 per share
• Price / Book: 0.78

Miscellaneous

• Outstanding Shares: 28,435,000
• Free Float: 26,665,000
• Market Cap: $20.87 million
• Optionable: Optionable
• Beta: 0.74