EXCLUSIVE Worksports Q3 Revenue Soars 581 percent As New Product Lines Boost Growth, Raises 2025 Outlook
WKSP Stock | USD 0.61 0.03 4.69% |
Slightly above 54% of Worksport's investor base is interested to short. The analysis of overall sentiment of trading Worksport stock suggests that many investors are impartial at this time. Worksport's investing sentiment overview a quick insight into current market opportunities from investing in Worksport. Many technical investors use Worksport stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Worksport |
Worksport Ltd reported strong Q3 2024 revenue growth of 581 percent and expects to exceed revenue guidance for 2025. New product launches and government sales are driving expansion.
Read at benzinga.com
Worksport Current Investor Sentiment
Panic Vs Confidence
46
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Worksport's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Worksport.
News SentimentBullish | Hype SentimentBearish | Insider SentimentWaiting |
Worksport Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards Worksport can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Worksport Historical Investor Sentiment
Investor biases related to Worksport's public news can be used to forecast risks associated with an investment in Worksport. The trend in average sentiment can be used to explain how an investor holding Worksport can time the market purely based on public headlines and social activities around Worksport. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Worksport's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Worksport and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Worksport news discussions. The higher the estimate score, the more favorable the investor's outlook on Worksport.
Worksport Fundamental Analysis
We analyze Worksport's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Worksport using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Worksport based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash Per Share
Cash Per Share Comparative Analysis
Worksport is currently under evaluation in cash per share category among its peers. Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Worksport Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Worksport stock to make a market-neutral strategy. Peer analysis of Worksport could also be used in its relative valuation, which is a method of valuing Worksport by comparing valuation metrics with similar companies.
Peers
Worksport Related Equities
INVZ | Innoviz Technologies | 30.19 | ||||
LIDR | Aeye | 13.54 | ||||
LAZR | Luminar Technologies | 7.26 | ||||
AEVA | Aeva Technologies | 5.88 | ||||
DAN | Dana | 3.98 | ||||
QS | Quantumscape Corp | 3.68 | ||||
ADNT | Adient PLC | 3.21 | ||||
LEA | Lear | 3.16 | ||||
MBLY | Mobileye Global | 2.95 | ||||
CVGI | Commercial Vehicle | 2.89 | ||||
ALV | Autoliv | 2.71 | ||||
HYLN | Hyliion Holdings | 0.52 | ||||
MOD | Modine Manufacturing | 4.06 |
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.