A share price of Worksport Ltd [WKSP] is currently trading at $0.71, up 29.11%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WKSP shares have gain 27.90% over the last week, with a monthly amount glided 54.08%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Worksport Ltd experienced fluctuations in its stock price throughout the past year between $0.36 and $1.97. Currently, Wall Street analysts expect the stock to reach $1.5 within the next 12 months. Worksport Ltd [NASDAQ: WKSP] shares were valued at $0.71 at the most recent close of the market. An investor can expect a potential return of 111.27% based on the average WKSP price forecast.
Analyzing the WKSP fundamentals
Trailing Twelve Months sales for Worksport Ltd [NASDAQ:WKSP] were 3.73M which represents 861.49% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -4.02%, Pretax Profit Margin comes in at -4.11%, and Net Profit Margin reading is -4.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.56, Equity is -0.84 and Total Capital is -0.6. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.5841 points at the first support level, and at 0.4582 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7829, and for the 2nd resistance point, it is at 0.8558.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Worksport Ltd [NASDAQ:WKSP] is 4.77. Further, the Quick Ratio stands at 1.93, while the Cash Ratio is 1.52. Considering the valuation of this stock, the price to sales ratio is 5.64, the price to book ratio is 1.06.
