The stock of Worksport Ltd (WKSP) has seen a -24.94% decrease in the past week, with a -18.77% drop in the past month, and a -69.24% decrease in the past quarter. The volatility ratio for the week is 12.67%, and the volatility levels for the past 30 days are at 12.59% for WKSP. The simple moving average for the past 20 days is -32.82% for WKSP’s stock, with a -79.50% simple moving average for the past 200 days.
Is It Worth Investing in Worksport Ltd (NASDAQ: WKSP) Right Now?
Additionally, the 36-month beta value for WKSP is 1.10. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for WKSP is 19.26M and currently, short sellers hold a 0.85% ratio of that float. The average trading volume of WKSP on April 18, 2024 was 216.60K shares.
WKSP) stock’s latest price update
Worksport Ltd (NASDAQ: WKSP) has experienced a decline in its stock price by -14.63 compared to its previous closing price of 0.44. However, the company has seen a fall of -24.94% in its stock price over the last five trading days. InvestorPlace reported 2023-09-21 that Penny stocks often carry a notorious reputation in the investment world, infamous for their volatile nature and high-risk profile. However, while they are undeniably dangerous, thorough research can occasionally unearth gems that are genuinely intriguing from a speculative standpoint.
WKSP Trading at -59.56% 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 -91.33% of loss for the given period.
Volatility was left at 12.59%, however, over the last 30 days, the volatility rate increased by 12.67%, as shares sank -31.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -69.73% lower at present.
During the last 5 trading sessions, WKSP fell by -24.94%, which changed the moving average for the period of 200-days by -84.62% in comparison to the 20-day moving average, which settled at $0.5501. In addition, Worksport Ltd saw -74.81% 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:
- -9.63 for the present operating margin
- 0.16 for the gross margin
The net margin for Worksport Ltd stands at -9.86. The total capital return value is set at -0.78.
Based on Worksport Ltd (WKSP), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at -1.91. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is -37.93.
Currently, EBITDA for the company is -13.21 million with net debt to EBITDA at -0.26. When we switch over and look at the enterprise to sales, we see a ratio of 8.27. The receivables turnover for the company is 2.43for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In conclusion, Worksport Ltd (WKSP) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
