The stock of Worksport Ltd (NASDAQ: WKSP) has increased by 18.26 when compared to last closing price of 0.83.Despite this, the company has seen a gain of 18.99% in its stock price over the last five trading days. newsfilecorp.com reported 2025-01-22 that Solving Two Key Market Challenges; Successful R&D Has Achieved a Solution Expected to Revolutionize Home Heating & Cooling, While Being Affordable and Highly Efficient. West Seneca, New York–(Newsfile Corp. – January 22, 2025) – Worksport Ltd.
Is It Worth Investing in Worksport Ltd (NASDAQ: WKSP) Right Now?
Company’s 36-month beta value is 0.42.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for WKSP is 30.36M, and currently, short sellers hold a 2.46% ratio of that floaft. The average trading volume of WKSP on January 22, 2025 was 1.79M shares.
WKSP’s Market Performance
The stock of Worksport Ltd (WKSP) has seen a 18.99% increase in the past week, with a 16.92% rise in the past month, and a 38.58% gain in the past quarter. The volatility ratio for the week is 9.16%, and the volatility levels for the past 30 days are at 12.72% for WKSP. The simple moving average for the last 20 days is 9.73% for WKSP’s stock, with a simple moving average of 47.86% for the last 200 days.
WKSP Trading at 22.84% 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 -36.11% of loss for the given period.
Volatility was left at 12.72%, however, over the last 30 days, the volatility rate increased by 9.16%, as shares surge +16.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.38% upper at present.
During the last 5 trading sessions, WKSP rose by +16.56%, which changed the moving average for the period of 200-days by +59.62% in comparison to the 20-day moving average, which settled at $0.8956. In addition, Worksport Ltd saw 6.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WKSP starting from Rossi Steven F., who purchase 33,333 shares at the price of $0.75 back on Nov 19 ’24. After this action, Rossi Steven F. now owns 2,525,871 shares of Worksport Ltd, valued at $25,000 using the latest closing price.
Stock Fundamentals for WKSP
Current profitability levels for the company are sitting at:
- -2.34 for the present operating margin
- 0.05 for the gross margin
The net margin for Worksport Ltd stands at -2.43. The total capital return value is set at -0.68. Equity return is now at value -94.70, with -62.63 for asset returns.
Based on Worksport Ltd (WKSP), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at -1.95. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is -23.55.
Currently, EBITDA for the company is -13.2 million with net debt to EBITDA at -0.3. When we switch over and look at the enterprise to sales, we see a ratio of 5.72. The receivables turnover for the company is 10.08for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.96.
Conclusion
In a nutshell, Worksport Ltd (WKSP) has experienced a better 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.
