Is Worksport Stock a Good Investment?
Worksport Investment Advice | WKSP |
- Examine Worksport's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Worksport's leadership team and their track record. Good management can help Worksport navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Automotive Parts & Equipment space and any emerging trends that could impact Worksport's business and its evolving consumer preferences.
- Compare Worksport's performance and market position to its competitors. Analyze how Worksport is positioned in terms of product offerings, innovation, and market share.
- Check if Worksport pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Worksport's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Worksport stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Worksport is a good investment.
Sell | Buy |
Strong Sell
Market Performance | OK | Details | |
Volatility | Abnormally volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | High | Details | |
Economic Sensitivity | Moves slightly opposite to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Worksport Stock
Researching Worksport's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). The book value of the company was at this time reported as 0.9. The company recorded a loss per share of 0.66. Worksport last dividend was issued on the 29th of March 2019. The entity had 1:20 split on the 4th of August 2021.
To determine if Worksport is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Worksport's research are outlined below:
| Worksport is way too risky over 90 days horizon | |
| Worksport has some characteristics of a very speculative penny stock | |
| Worksport appears to be risky and price may revert if volatility continues | |
| Worksport has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 1.53 M. Net Loss for the year was (14.93 M) with profit before overhead, payroll, taxes, and interest of 515.87 K. | |
| Worksport currently holds about 20.94 M in cash with (11.93 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.23, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Worksport has a frail financial position based on the latest SEC disclosures | |
| Latest headline from news.google.com: Auto Tech Leader Worksport Joins Tesla in Bitcoin Treasury Club with Massive Crypto Buy - StockTitan |
Worksport uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Worksport. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Worksport's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 29th of March 2024 Upcoming Quarterly Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View |
Earnings surprises can significantly impact Worksport's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Worksport's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2024-08-13 | 2024-06-30 | -0.13 | -0.15 | -0.02 | 15 | ||
2023-03-31 | 2022-12-31 | -0.18 | -0.2 | -0.02 | 11 | ||
2023-08-14 | 2023-06-30 | -0.25 | -0.22 | 0.03 | 12 | ||
2023-05-15 | 2023-03-31 | -0.24 | -0.21 | 0.03 | 12 | ||
2024-03-28 | 2023-12-31 | -0.24 | -0.19 | 0.05 | 20 | ||
2022-11-14 | 2022-09-30 | -0.22 | -0.17 | 0.05 | 22 | ||
2022-08-19 | 2022-06-30 | -0.13 | -0.2 | -0.07 | 53 | ||
2022-05-23 | 2022-03-31 | -0.07 | -0.17 | -0.1 | 142 |
Know Worksport's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Worksport is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Worksport backward and forwards among themselves. Worksport's institutional investor refers to the entity that pools money to purchase Worksport's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Tower Research Capital Llc | 2024-09-30 | 9.5 K | Northwestern Mutual Wealth Management Co | 2024-09-30 | 3 K | Advisor Group Holdings, Inc. | 2024-09-30 | 2.8 K | Huntington National Bank | 2024-09-30 | 2.6 K | Group One Trading, Lp | 2024-09-30 | 1.5 K | Blackrock Inc | 2024-09-30 | 1.1 K | Royal Bank Of Canada | 2024-09-30 | 675 | Bank Of America Corp | 2024-09-30 | 313 | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 75.0 | Armistice Capital, Llc | 2024-09-30 | 3 M | Geode Capital Management, Llc | 2024-09-30 | 236.6 K |
Worksport's market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 33.93 M.Market Cap |
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Worksport's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.55) | (0.57) | |
| Return On Capital Employed | (0.90) | (0.95) | |
| Return On Assets | (0.52) | (0.54) | |
| Return On Equity | (0.74) | (0.78) |
Determining Worksport's profitability involves analyzing its financial statements and using various financial metrics to determine if Worksport is a good buy. For example, gross profit margin measures Worksport's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Worksport's profitability and make more informed investment decisions.
Evaluate Worksport's management efficiency
Worksport has return on total asset (ROA) of (0.3464) % which means that it has lost $0.3464 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.7958) %, meaning that it created substantial loss on money invested by shareholders. Worksport's management efficiency ratios could be used to measure how well Worksport manages its routine affairs as well as how well it operates its assets and liabilities. As of 01/30/2025, Return On Tangible Assets is likely to drop to -0.57. In addition to that, Return On Capital Employed is likely to drop to -0.95. At this time, Worksport's Total Current Liabilities is relatively stable compared to the past year. As of 01/30/2025, Liabilities And Stockholders Equity is likely to grow to about 31.3 M, while Non Current Liabilities Total is likely to drop slightly above 586.8 K.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 0.92 | 0.97 | |
| Tangible Book Value Per Share | 0.86 | 0.90 | |
| Enterprise Value Over EBITDA | (1.99) | (2.09) | |
| Price Book Value Ratio | 1.30 | 1.24 | |
| Enterprise Value Multiple | (1.99) | (2.09) | |
| Price Fair Value | 1.30 | 1.24 | |
| Enterprise Value | 26.3 M | 27.6 M |
Leadership at Worksport emphasizes sustainable growth and financial prudence. Our analysis evaluates how these priorities impact the stock's performance in the market.
Beta 0.641 |
Basic technical analysis of Worksport Stock
As of the 30th of January, Worksport maintains the Market Risk Adjusted Performance of (9.14), mean deviation of 5.62, and Downside Deviation of 6.86. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Worksport, as well as the relationship between them.Worksport's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Worksport insiders, such as employees or executives, is commonly permitted as long as it does not rely on Worksport's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Worksport insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Worksport's Outstanding Corporate Bonds
Worksport issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Worksport uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Worksport bonds can be classified according to their maturity, which is the date when Worksport has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| WDAY 38 01 APR 32 Corp BondUS98138HAJ05 | View | |
| WDAY 37 01 APR 29 Corp BondUS98138HAH49 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View |
Understand Worksport's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Worksport's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1032 | |||
| Market Risk Adjusted Performance | (9.14) | |||
| Mean Deviation | 5.62 | |||
| Semi Deviation | 5.9 | |||
| Downside Deviation | 6.86 | |||
| Coefficient Of Variation | 889.12 | |||
| Standard Deviation | 7.39 | |||
| Variance | 54.54 | |||
| Information Ratio | 0.101 | |||
| Jensen Alpha | 0.8273 | |||
| Total Risk Alpha | 0.1613 | |||
| Sortino Ratio | 0.1087 | |||
| Treynor Ratio | (9.15) | |||
| Maximum Drawdown | 34.25 | |||
| Value At Risk | (8.22) | |||
| Potential Upside | 15.66 | |||
| Downside Variance | 47.09 | |||
| Semi Variance | 34.78 | |||
| Expected Short fall | (7.45) | |||
| Skewness | 0.2398 | |||
| Kurtosis | 0.421 |
| Risk Adjusted Performance | 0.1032 | |||
| Market Risk Adjusted Performance | (9.14) | |||
| Mean Deviation | 5.62 | |||
| Semi Deviation | 5.9 | |||
| Downside Deviation | 6.86 | |||
| Coefficient Of Variation | 889.12 | |||
| Standard Deviation | 7.39 | |||
| Variance | 54.54 | |||
| Information Ratio | 0.101 | |||
| Jensen Alpha | 0.8273 | |||
| Total Risk Alpha | 0.1613 | |||
| Sortino Ratio | 0.1087 | |||
| Treynor Ratio | (9.15) | |||
| Maximum Drawdown | 34.25 | |||
| Value At Risk | (8.22) | |||
| Potential Upside | 15.66 | |||
| Downside Variance | 47.09 | |||
| Semi Variance | 34.78 | |||
| Expected Short fall | (7.45) | |||
| Skewness | 0.2398 | |||
| Kurtosis | 0.421 |
Consider Worksport's intraday indicators
Worksport intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Worksport stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 279452.0 | |||
| Daily Balance Of Power | 0.2667 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 1.02 | |||
| Day Typical Price | 1.03 | |||
| Price Action Indicator | 0.025 | |||
| Period Momentum Indicator | 0.04 |
Worksport Stock media impact
Far too much social signal, news, headlines, and media speculation about Worksport that are available to investors today. That information is available publicly through Worksport media outlets and privately through word of mouth or via Worksport internal channels. However, regardless of the origin, that massive amount of Worksport data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Worksport news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Worksport relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Worksport's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Worksport alpha.
Worksport Sentiment by Major 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.
Already Invested in Worksport?
The danger of trading Worksport is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Worksport is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Worksport. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Worksport is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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.