In the past week, WKSP stock has gone up by 10.59%, with a monthly gain of 38.50% and a quarterly surge of 21.65%. The volatility ratio for the week is 8.92%, and the volatility levels for the last 30 days are 9.43% for Worksport Ltd The simple moving average for the past 20 days is 16.69% for WKSP’s stock, with a -40.50% simple moving average for the past 200 days.
Is It Worth Investing in Worksport Ltd (NASDAQ: WKSP) Right Now?
Company’s 36-month beta value is 0.78.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for WKSP is 25.60M, and currently, short sellers hold a 2.34% ratio of that floaft. The average trading volume of WKSP on June 27, 2024 was 468.41K shares.
WKSP) stock’s latest price update
Worksport Ltd (NASDAQ: WKSP)’s stock price has dropped by -2.16 in relation to previous closing price of 0.75. Nevertheless, the company has seen a gain of 10.59% in its stock price over the last five trading days. newsfilecorp.com reported 2024-06-26 that West Seneca, New York–(Newsfile Corp. – June 26, 2024) – Worksport Ltd. (NASDAQ: WKSP), a key U.S.-based manufacturer and innovator of hybrid and clean energy solutions for the light truck, overlanding, and global consumer goods sectors, is excited to announce a significant development in its Maximum Power Point Tracking (MPPT) algorithm that allows Worksport’s SOLIS Solar Power System, which is anticipated to launch later this summer, to charge not only Worksport’s COR Portable Battery Generator system but also most other portable power stations and power banks on the market.
WKSP Trading at 18.04% 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 -83.14% of loss for the given period.
Volatility was left at 9.43%, however, over the last 30 days, the volatility rate increased by 8.92%, as shares surge +40.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +66.11% upper at present.
During the last 5 trading sessions, WKSP rose by +10.64%, which changed the moving average for the period of 200-days by -74.20% in comparison to the 20-day moving average, which settled at $0.6360. In addition, Worksport Ltd saw -51.01% 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:
- -7.39 for the present operating margin
- -0.06 for the gross margin
The net margin for Worksport Ltd stands at -7.52. The total capital return value is set at -0.76. Equity return is now at value -74.69, with -52.69 for asset returns.
Based on Worksport Ltd (WKSP), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at -1.93. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is -42.8.
Currently, EBITDA for the company is -13.21 million with net debt to EBITDA at -0.19. When we switch over and look at the enterprise to sales, we see a ratio of 11.7. The receivables turnover for the company is 6.17for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
In a nutshell, Worksport Ltd (WKSP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
