Worksport Stock Analysis

Worksport Stock Analysis Notes

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. Worksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 11 people. For more information please call the company at (888) 554-8789 or visit https://www.worksport.com.

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Worksport Thematic Classifications

Worksport Stock Institutional Investors

Note, although Worksport's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Worksport Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 21.05 M.

Worksport Profitablity

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 11/25/2024, Return On Tangible Assets is likely to drop to -0.64. In addition to that, Return On Capital Employed is likely to drop to -0.82. At this time, Worksport's Total Current Liabilities is relatively stable compared to the past year. As of 11/25/2024, Liabilities And Stockholders Equity is likely to grow to about 27.3 M, while Non Current Liabilities Total is likely to drop slightly above 586.8 K.

Technical Drivers

As of the 25th of November, Worksport maintains the Market Risk Adjusted Performance of 0.1736, downside deviation of 6.25, and Mean Deviation of 5.35. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Worksport, as well as the relationship between them.

Worksport Price Movement Analysis

Worksport Insider Trading Activities

Worksport Outstanding Bonds

Worksport Predictive Daily Indicators

Worksport Forecast Models

Worksport's time-series forecasting models are one of many Worksport's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Worksport's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Worksport prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Worksport shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Worksport. By using and applying Worksport Stock analysis, traders can create a robust methodology for identifying Worksport entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Worksport analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Worksport analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Worksport stock analysis indicators help investors 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 understating and applying Worksport stock analysis, traders can identify Worksport position entry and exit signals to maximize returns.

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.