Worksport Stock Price on December 4, 2024
| WKSP Stock | USD 0.89 0.05 6.43% |
Below is the normalized historical share price chart for Worksport extending back to July 31, 1998. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Worksport stands at 0.89, as last reported on the 11th of December 2024, with the highest price reaching 0.90 and the lowest price hitting 0.84 during the day.
If you're considering investing in Worksport Stock, it is important to understand the factors that can impact its price. Worksport is abnormally volatile given 3 months investment horizon. Worksport shows Sharpe Ratio of 0.16, which attests that the company had a 0.16% return per unit of risk over the last 3 months. We are able to interpolate and collect thirty different technical indicators, which can help you to evaluate if expected returns of 1.27% are justified by taking the suggested risk. Use Worksport Market Risk Adjusted Performance of 1.11, mean deviation of 5.79, and Downside Deviation of 6.22 to evaluate company specific risk that cannot be diversified away.
At this time, Worksport's Issuance Of Capital Stock is relatively stable compared to the past year. As of 12/11/2024, Stock Based Compensation To Revenue is likely to grow to 39.74, while Stock Based Compensation is likely to drop slightly above 3.3 M. . At this time, Worksport's Price To Sales Ratio is relatively stable compared to the past year. As of 12/11/2024, Price Sales Ratio is likely to grow to 21.16, while Price Earnings Ratio is likely to drop (1.85). Worksport Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 15th of July 2003 | 200 Day MA 0.6547 | 50 Day MA 0.6437 | Beta 0.641 |
Worksport |
Sharpe Ratio = 0.1616
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Estimated Market Risk
| 7.89 actual daily | 70 70% of assets are less volatile |
Expected Return
| 1.27 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Worksport is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Worksport by adding it to a well-diversified portfolio.
Price Book 1.775 | Enterprise Value Ebitda (1.58) | Price Sales 7.7825 | Shares Float 26.3 M | Wall Street Target Price 1.5 |
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Worksport Valuation on December 4, 2024
It is possible to determine the worth of Worksport on a given historical date. On December 4, 2024 Worksport was worth 0.6 at the beginning of the trading date compared to the closed value of 0.62. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Worksport stock. Still, in general, we apply an absolute valuation method to find Worksport's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Worksport where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Worksport's related companies.
| Open | High | Low | Close | Volume | |
| 0.58 | 0.60 | 0.58 | 0.60 | 206,901 | |
12/04/2024 | 0.60 | 0.65 | 0.56 | 0.62 | 717,950 |
| 0.67 | 0.75 | 0.62 | 0.66 | 6,755,767 |
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Worksport Trading Date Momentum on December 4, 2024
| On December 05 2024 Worksport was traded for 0.66 at the closing time. The top price for the day was 0.75 and the lowest listed price was 0.62 . The trading volume for the day was 6.8 M. The trading history from December 5, 2024 was a factor to the next trading day price gain. The trading price change against the next closing price was 6.45% . The trading price change against the current closing price is 35.48% . |
Worksport Fundamentals Correlations and Trends
By evaluating Worksport's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Worksport's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Worksport financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Worksport Stock history
Worksport investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Worksport is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Worksport will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Worksport stock prices may prove useful in developing a viable investing in Worksport
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 17.7 M | 18.6 M | |
| Net Loss | -11.3 M | -10.7 M |
Worksport Stock Technical Analysis
Worksport technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Worksport Period Price Range
Low | December 11, 2024
| High |
0.00 | 0.00 |
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Worksport December 11, 2024 Market Strength
Market strength indicators help investors to evaluate how Worksport stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Worksport shares will generate the highest return on investment. By undertsting and applying Worksport stock market strength indicators, traders can identify Worksport entry and exit signals to maximize returns
Worksport Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Worksport's price direction in advance. Along with the technical and fundamental analysis of Worksport Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Worksport to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1117 | |||
| Jensen Alpha | 0.9811 | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | 0.1577 | |||
| Treynor Ratio | 1.1 |
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Additional Tools for Worksport Stock Analysis
When running Worksport's price analysis, check to measure Worksport's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worksport is operating at the current time. Most of Worksport's value examination focuses on studying past and present price action to predict the probability of Worksport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worksport's price. Additionally, you may evaluate how the addition of Worksport to your portfolios can decrease your overall portfolio volatility.