Worksport Ltd [WKSP] stock prices are down -3.70% to $0.59 at the moment. 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 17.52% over the last week, with a monthly amount drifted -24.95%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
The stock price of Worksport Ltd [WKSP] has been fluctuating between $0.36 and $1.84 over the past year. Currently, Wall Street analysts expect the stock to reach $1.5 within the next 12 months. Worksport Ltd [NASDAQ: WKSP] shares were valued at $0.59 at the most recent close of the market. An investor can expect a potential return of 154.24% based on the average WKSP price forecast.
Analyzing the WKSP fundamentals
The Worksport Ltd [NASDAQ:WKSP] reported sales of 6.40M for trailing twelve months, representing a surge of 581.02%. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at -2.34%, Pretax Profit Margin comes in at -2.43%, and Net Profit Margin reading is -2.43%. To continue investigating profitability, this company’s Return on Assets is posted at -0.62, Equity is -0.86 and Total Capital is -0.68. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.34.
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 0.5634 points at the first support level, and at 0.5392 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6198, and for the 2nd resistance point, it is at 0.6520.
Ratios To Look Out For
It’s worth pointing out that Worksport Ltd [NASDAQ:WKSP]’s Current Ratio is 2.96. Further, the Quick Ratio stands at 0.91, while the Cash Ratio is 0.62. Considering the valuation of this stock, the price to sales ratio is 3.02, the price to book ratio is 1.11.
Transactions by insiders
Recent insider trading involved Rossi Steven F., CEO and President, that happened on Nov 19 ’24 when 33333.0 shares were purchased.
