Worksport Ltd (NASDAQ: WKSP)’s stock price has increased by 4.98 compared to its previous closing price of 0.83. However, the company has seen a 27.62% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-13 that Worksport Ltd. (NASDAQ:WKSP ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Steven Rossi – Founder and Chief Executive Officer Michael Johnston – Chief Financial Officer Steven Obadiah – Head-Investor Relations Faran Ali – Business Development Manager Conference Call Participants Tate Sullivan – Maxim Group C.K.
Is It Worth Investing in Worksport Ltd (NASDAQ: WKSP) Right Now?
Additionally, the 36-month beta value for WKSP is 0.58. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for WKSP is 28.37M and currently, short sellers hold a 3.25% ratio of that float. The average trading volume of WKSP on November 14, 2024 was 356.06K shares.
WKSP’s Market Performance
WKSP stock saw an increase of 27.62% in the past week, with a monthly gain of 65.40% and a quarterly increase of 30.14%. The volatility ratio for the week is 12.09%, and the volatility levels for the last 30 days are 13.36% for Worksport Ltd (WKSP). The simple moving average for the last 20 days is 17.22% for WKSP stock, with a simple moving average of 21.33% for the last 200 days.
WKSP Trading at 48.62% 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 -55.84% of loss for the given period.
Volatility was left at 13.36%, however, over the last 30 days, the volatility rate increased by 12.09%, as shares surge +55.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +56.08% upper at present.
During the last 5 trading sessions, WKSP rose by +27.62%, which changed the moving average for the period of 200-days by -36.50% in comparison to the 20-day moving average, which settled at $0.7422. In addition, Worksport Ltd saw -41.61% 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:
- -4.02 for the present operating margin
- 0.04 for the gross margin
The net margin for Worksport Ltd stands at -4.11. The total capital return value is set at -0.6. Equity return is now at value -79.57, with -56.61 for asset returns.
Based on Worksport Ltd (WKSP), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -2.22. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is -28.81.
Currently, EBITDA for the company is -13.2 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 7.91. The receivables turnover for the company is 4.79for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.77.
Conclusion
In conclusion, Worksport Ltd (WKSP) has seen mixed performance in recent times. Analysts have a bullish 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.
