The stock of Worksport Ltd (WKSP) has gone down by -12.10% for the week, with a 20.33% rise in the past month and a -39.84% drop in the past quarter. The volatility ratio for the week is 26.99%, and the volatility levels for the past 30 days are 19.32% for WKSP. The simple moving average for the past 20 days is 35.18% for WKSP’s stock, with a -56.20% simple moving average for the past 200 days.
Is It Worth Investing in Worksport Ltd (NASDAQ: WKSP) Right Now?
The 36-month beta value for WKSP is also noteworthy at 0.82. 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 21.05M, and at present, short sellers hold a 0.66% of that float. The average trading volume of WKSP on May 08, 2024 was 357.05K shares.
WKSP) stock’s latest price update
Worksport Ltd (NASDAQ: WKSP)’s stock price has gone decline by -13.75 in comparison to its previous close of 0.85, however, the company has experienced a -12.10% decrease 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 4.28% 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 -83.05% of loss for the given period.
Volatility was left at 19.32%, however, over the last 30 days, the volatility rate increased by 26.99%, as shares surge +41.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.84% lower at present.
During the last 5 trading sessions, WKSP fell by -12.10%, which changed the moving average for the period of 200-days by -79.67% in comparison to the 20-day moving average, which settled at $0.5537. In addition, Worksport Ltd saw -50.74% 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 15.0. 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 summary, Worksport Ltd (WKSP) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
