Worksport Ltd. (NASDAQ:WKSP) went up by 21.21% from its latest closing price compared to the recent 1-year high of $12.20. The company’s stock price has collected -1.06% of loss in the last five trading sessions.
Is It Worth Investing in Worksport Ltd. (NASDAQ :WKSP) Right Now?
Plus, the 36-month beta value for WKSP is at 1.78. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Worksport Ltd. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $5.50, which is $3.69 above the current price. WKSP currently public float of 12.71M and currently shorts hold a 3.19% ratio of that float. Today, the average trading volume of WKSP was 154.69K shares.
WKSP’s Market Performance
WKSP stocks went down by -1.06% for the week, with a monthly drop of -15.00% and a quarterly performance of -15.77%, while its annual performance rate touched -80.64%. The volatility ratio for the week stands at 4.80% while the volatility levels for the past 30 days are set at 5.89% for Worksport Ltd. The simple moving average for the period of the last 20 days is 13.51% for WKSP stocks with a simple moving average of -33.59% for the last 200 days.
WKSP Trading at 0.96% from the 50-Day Moving Average
After a stumble in the market that brought WKSP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.42% of loss for the given period.
Volatility was left at 5.89%, however, over the last 30 days, the volatility rate increased by 4.80%, as shares surge +6.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.32% lower at present.
During the last 5 trading sessions, WKSP rose by +17.55%, which changed the moving average for the period of 200-days by -57.82% in comparison to the 20-day moving average, which settled at $2.0034. In addition, Worksport Ltd. saw -22.73% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for WKSP
Current profitability levels for the company are sitting at:
- -2508.61 for the present operating margin
- -15.46 for the gross margin
The net margin for Worksport Ltd. stands at -2599.86. Equity return is now at value -33.00, with -30.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 18.94.