Worksport (WKSP) Stock Price, News & Analysis

Company Overview

Worksport Ltd. (NASDAQ: WKSP) is a designer and manufacturer of innovative cargo management solutions for light-duty trucks and commercial vehicles. The company’s core product line includes a variety of tonneau covers—such as roll-up, folding and hard-shell models—engineered for secure bed protection, weather resistance and ease of installation. Worksport also offers a suite of complementary accessories, including sliding bed trays, bed rails and lockable toolboxes, all developed to enhance utility and streamline cargo handling for both recreational and professional users.

Since its founding, Worksport has pursued an integrated product development strategy, combining in-house research and development with global manufacturing partnerships. The company holds multiple patents related to cover geometry, locking mechanisms and materials designed to withstand extreme environments. Over the years, Worksport has expanded its portfolio beyond traditional accessories, venturing into the emerging market for electric-truck conversions and ancillary electric vehicle (EV) components, underlining its commitment to innovation in the automotive aftermarket space.

Headquartered in Toronto, Ontario, with key operational offices in Fort Lauderdale, Florida, Worksport serves a broad geographic footprint that includes North America, Europe and select markets in Asia. The company’s distribution network comprises major automotive parts wholesalers, online retailers and a growing network of certified installers. This diversified go-to-market approach allows Worksport to penetrate urban and rural markets alike, addressing the needs of fleet operators, outdoor enthusiasts and contractors.

Worksport’s leadership team is spearheaded by Founder and Chief Executive Officer Michael Hughes, whose background in automotive design and manufacturing has shaped the firm’s product development roadmap. Supported by a board with extensive experience in public company governance and strategic partnerships, the management team continues to focus on expanding market share, enhancing production efficiencies and pursuing new technologies that align with the broader shift toward vehicle electrification. Through a combination of patented design, global sourcing and targeted market expansion, Worksport aims to maintain its position as a leading supplier of truck bed solutions in the evolving mobility landscape.

Key Stats

• Today's Range: $3.89 to $4.70
• 50-Day Range: $2.61 to $4.70
• 52-Week Range: $2.44 to $12.00
• Volume: 709,261 shs
• Average Volume: 145,608 shs
• Market Capitalization: $20.59 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $14.00
• Consensus Rating: Buy

Worksport Stock Analysis - MarketRank™

Worksport scored higher than 54% of companies evaluated by MarketBeat, and ranked 151st out of 213 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: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Worksport has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Worksport has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Worksport are expected to grow in the coming year, from ($0.60) to ($0.42) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Worksport is -0.60, 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 -0.60, 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 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

14.85% 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 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Worksport has recently increased by 686.96%, indicating that investor sentiment is decreasing 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

14.85% 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 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Worksport has recently increased by 686.96%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.02

News Sentiment

Worksport has a news sentiment score of 1.02. 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 is a higher news sentiment than the 0.85 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Worksport this week, compared to 3 articles on an average week.

Search Interest

5 people have searched for WKSP on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.

MarketBeat Follows

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

Company Ownership

• Score: 0.0 / 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

Only 7.99% of the stock of Worksport is held by insiders.

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 $9.20 on January 1st, 2025. Since then, WKSP shares have decreased by 57.0% and is now trading at $3.96.

How were Worksport's earnings last quarter?

Worksport Ltd. (NASDAQ:WKSP) released its quarterly earnings data on Thursday, May, 15th. The company reported ($1.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($1.05). The company had revenue of $2.24 million for the quarter, compared to the consensus estimate of $3.72 million. Worksport had a negative trailing twelve-month return on equity of 92.59% and a negative net margin of 165.61%.
Read the conference call transcript.

When did Worksport's stock split?

Worksport shares 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: 5/15/2025
• Today: 7/15/2025
• Next Earnings (Estimated): 8/12/2025
• Fiscal Year End: 12/31/2025

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: $14.00
• High Price Target: $20.00
• Low Price Target: $7.00
• Potential Upside/Downside: +253.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): ($6.60)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$16.16 million
• Net Margins: -165.61%
• Pretax Margin: -165.60%
• Return on Equity: -92.59%
• Return on Assets: -64.71%

Debt

• Debt-to-Equity Ratio: 0.13
• Current Ratio: 3.26
• Quick Ratio: 1.63

Sales & Book Value

• Annual Sales: $8.48 million
• Price / Sales: 2.43
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $4.34 per share
• Price / Book: 0.91

Miscellaneous

• Outstanding Shares: 5,200,000
• Free Float: 4,785,000
• Market Cap: $20.59 million
• Optionable: Optionable
• Beta: 1.98