Worksport (WKSP) Stock Price, News & Analysis

Company Overview

Worksport Ltd. is an Israeli-based designer, developer and global supplier of innovative automotive accessories, with a primary focus on pickup truck bed covers. The company’s core offerings include a range of hard and soft tonneau covers under brands such as ROLL, FLEXIT and SOLAR, engineered to provide truck owners with enhanced utility, security and weather protection. Worksport leverages advanced polymer materials and patented folding mechanisms to deliver lightweight, durable solutions that are easy to install and operate.

In recent years, Worksport has expanded its product portfolio to incorporate solar technology, introducing integrated solar tonneau covers capable of generating power for auxiliary truck systems or charging batteries for recreational and off-grid applications. These solar-enabled covers demonstrate the company’s commitment to sustainable innovation, targeting commercial fleet operators, outdoor enthusiasts and the broader aftermarket segment. Worksport collaborates with distributors and original-equipment manufacturers across North America, Europe and Australia, maintaining sales and service offices to support regional markets.

Founded in 2009 and headquartered in Kfar Saba, Israel, Worksport completed a business combination transaction in 2021 and began trading on the Nasdaq Capital Market under the ticker symbol WKSP. Since its inception, the company has invested in research and development to expand its intellectual property portfolio and enhance product performance. Worksport’s leadership team brings together veterans of the automotive and industrial design sectors, driving initiatives in renewable energy integration and next-generation accessory development.

Key Stats

• Today's Range: $1.08 to $1.15
• 50-Day Range: $0.85 to $1.50
• 52-Week Range: $0.83 to $4.90
• Volume: 429,866 shs
• Average Volume: 338,583 shs
• Market Capitalization: $13.07 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $7.25
• Consensus Rating: Hold

Worksport Stock Analysis - MarketRank™

Worksport scored higher than 62% of companies evaluated by MarketBeat, and ranked 109th out of 195 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: 3.4 / 5
• Analyst Rating: Hold

Consensus Rating

Worksport has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on no strong buy ratings, 2 buy ratings, no hold ratings, and 1 sell rating.

Upside Potential

Worksport has a consensus price target of $7.25, representing about 559.1% upside from its current price of $1.10.

Amount of Analyst Coverage

Worksport has only been the subject of 1 research reports in the past 90 days.

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 -0.34, 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 -0.34, 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 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.25% 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 2.09, 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 13.49%, 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.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: N/A

Search Interest

4 people have searched for WKSP on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

3 people have added Worksport to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Net Insider Buying

Over the last three months, insiders have purchased a net $74,982.00 in company stock, which represents 0.5735% of the company's market cap.

Insider Buying vs. Insider Selling

In the past three months, Worksport insiders have bought more of their company's stock than they have sold. Specifically, they have bought $74,982.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

7.82% of the stock of Worksport is held by insiders.

Percentage Held by Institutions

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 $2.13 at the start of the year. Since then, WKSP shares have decreased by 48.4% and is now trading at $1.10.

How were Worksport's earnings last quarter?

Worksport Ltd. (NASDAQ:WKSP) posted its quarterly earnings results on Thursday, March, 26th. The company reported ($0.72) earnings per share for the quarter, missing analysts' consensus estimates of ($0.55) by $0.17. The company had revenue of $4.74 million for the quarter, compared to analysts' expectations of $8.90 million. Worksport had a negative trailing twelve-month return on equity of 96.64% and a negative net margin of 120.20%.
Read the conference call transcript.

When did Worksport's stock split?

Worksport's stock reverse split before market open on Tuesday, March 18th 2025.A 1-10 reverse split was announced. The number of shares owned by shareholders was adjusted after the market closes on Monday, March 17th 2025. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

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.

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: 3/26/2026
• Today: 5/05/2026
• Next Earnings (Estimated): 5/14/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

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

Price Target and Rating

• Average Price Target for Worksport: $7.25
• High Price Target: $11.50
• Low Price Target: $3.00
• Potential Upside/Downside: +559.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): ($3.23)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$19.35 million
• Net Margins: -120.20%
• Pretax Margin: -120.18%
• Return on Equity: -96.64%
• Return on Assets: -71.67%

Debt

• Debt-to-Equity Ratio: 0.04
• Current Ratio: 2.50
• Quick Ratio: 1.08

Sales & Book Value

• Annual Sales: $16.10 million
• Price / Sales: 0.81
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.33 per share
• Price / Book: 0.47

Miscellaneous

• Outstanding Shares: 11,886,000
• Free Float: 10,957,000
• Market Cap: $13.07 million
• Optionable: No Data
• Beta: 0.35