Worksport Ltd (NASDAQ:WKSP) traded at $0.83 at close of the session on Tuesday, April 30, made an upward move of 41.53% on its previous day’s price.
Looking at the stock we see that its previous close was $0.59 . In terms of its 52-week price range, WKSP has a high of $4.33 and a low of $0.36. The company’s stock has gained about 32.54% over that past 30 days.
Worksport Ltd has a market cap of $20.12 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.19, with the EPS growth for the year raised at -$0.51 for 2024 and -$0.33 for next year. These figures represent 39.30% and 35.30% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1 million, with a low of $1 million and a high of $1 million. The median projection represents growth squeezing down to 3,025.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $7.1 million, or 364.10% up from figures reported last year.
On the other hand, looking at the outlook for the WKSP stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 73.49% off its SMA20 and 10.76% from its 50-day simple moving average. The RSI (14) is pointing at 70.28 while the volatility over the past week is 24.16% and jumps to 15.54% over the past one month. The beta value is 1.03, while the average true range (ATR) is currently pointing at 0.09.
Coming back to Worksport Ltd (NASDAQ:WKSP), we note that the average 3-month trading volume was 272.94K. Current shares outstanding are 24.10 million.
The insiders hold 20.08% of the company’s shares while institutions hold 11.50%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -43.96% down in year-to-date price movement.
