Worksport Stock Today
| WKSP Stock | USD 0.58 0.08 16.00% |
Performance1 of 100
| Odds Of DistressOver 81
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Worksport is selling at 0.58 as of the 22nd of November 2024; that is 16.00 percent increase since the beginning of the trading day. The stock's last reported lowest price was 0.53. Worksport has a very high chance of experiencing financial distress in the next few years of operation. It also did not have a very good performance during the last 90 trading days. Equity ratings for Worksport are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of May 2024 and ending today, the 22nd of November 2024. Click here to learn more.
Business Domain Automobiles & Components | IPO Date 15th of July 2003 | Category Consumer Cyclical | Classification Consumer Discretionary |
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. The company has 32.94 M outstanding shares of which 922.64 K shares are at this time shorted by private and institutional investors with about 2.04 trading days to cover. More on Worksport
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Worksport Stock Highlights
| Thematic Idea | Automobiles and Trucks (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Automotive Parts & Equipment, Automobiles & Components, Consumer Discretionary, NASDAQ Composite, Automobiles and Trucks, Consumer Discretionary, Automobile Components, Auto Parts, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsWorksport can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Worksport's financial leverage. It provides some insight into what part of Worksport's total assets is financed by creditors.
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Worksport (WKSP) is traded on NASDAQ Exchange in USA. It is located in 2500 North America Drive, West Seneca, NY, United States, 14224 and employs 70 people. Worksport is listed under Automotive Parts & Equipment category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 16.47 M. Worksport conducts business under Automobile Components sector and is part of Consumer Discretionary industry. The entity has 32.94 M outstanding shares of which 922.64 K shares are at this time shorted by private and institutional investors with about 2.04 trading days to cover.
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.
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Ownership AllocationWorksport retains a total of 32.94 Million outstanding shares. Worksport maintains 8.24 (%) of its outstanding shares held by insiders and 9.36 (%) owned by institutional investors. Please note that no matter how many assets the company shows, if the real value of the company is less than the current market value, you may not be able to make money on it.
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Worksport Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Sigma Planning Corp | 2024-06-30 | 10.6 K | |
| Tower Research Capital Llc | 2024-06-30 | 5.5 K | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 3.4 K | |
| Northwestern Mutual Wealth Management Co | 2024-06-30 | 3 K | |
| Advisor Group Holdings, Inc. | 2024-06-30 | 2.8 K | |
| Huntington National Bank | 2024-06-30 | 2.6 K | |
| Simplex Trading, Llc | 2024-06-30 | 2.4 K | |
| Blackrock Inc | 2024-06-30 | 1.1 K | |
| Royal Bank Of Canada | 2024-06-30 | 675 | |
| Armistice Capital, Llc | 2024-06-30 | 2.2 M | |
| Geode Capital Management, Llc | 2024-06-30 | 196 K |
Worksport Historical Income Statement
Worksport Stock Against Markets
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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.