Worksport Stock Price Prediction

Intrinsic Valuation Low Real High 0.06 1.19 8.71 Details

Naive Forecast Low Next High 0.01 0.55 8.07 Details

1 Analysts Consensus Low Target High 2.73 3.00 3.33 Details

Earnings Estimates (0) Low Projected EPS High 0.00 0.00 0.00 Details

Worksport After-Hype Price Prediction Density Analysis

Worksport Estimiated After-Hype Price Volatility

Worksport Stock Price Prediction Analysis

Expected Return	Period Volatility	Hype Elasticity	Related Elasticity	News Density	Related Density	Expected Hype
0.39	7.52	0.01	0.14	10 Events / Month	11 Events / Month	In about 10 days

Latest traded price	Expected after-news price	Potential return on next major news	Average after-hype volatility
0.61	0.60	1.64	37,600   Notes

Worksport Hype Timeline

Worksport is at this time traded for 0.61. The entity has historical hype elasticity of -0.01, and average elasticity to hype of competition of -0.14. Worksport is projected to decline in value after the next headline, with the price expected to drop to 0.6. The average volatility of media hype impact on the company price is over 100%. The price decrease on the next news is expected to be -1.64%, whereas the daily expected return is at this time at 0.39%. The volatility of related hype on Worksport is about 2080.0%, with the expected price after the next announcement by competition of 0.47. The company has Price to Book (P/B) ratio of 1.29. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Worksport recorded a loss per share of 0.66. The entity last dividend was issued on the 29th of March 2019. The firm had 1:20 split on the 4th of August 2021. Given the investment horizon of 90 days the next projected press release will be in about 10 days. Check out Worksport Basic Forecasting Models to cross-verify your projections. To learn how to invest in Worksport Stock, please use our How to Invest in Worksport guide.

Worksport Related Hype Analysis

Worksport Additional Predictive Modules

Most predictive techniques to examine Worksport price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Worksport using various technical indicators. When you analyze Worksport charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

The successful prediction of Worksport stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Worksport, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Worksport based on analysis of Worksport hews, social hype, general headline patterns, and widely used predictive technical indicators.

The number of cover stories for Worksport depends on current market conditions and Worksport's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Worksport is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Worksport's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Worksport's future price predictability will typically decrease when Worksport's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Worksport often depends not only on the future outlook of the potential Worksport's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Worksport's indicators that are reflective of the short sentiment are summarized in the table below.

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.