Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Worksport Ltd (NASDAQ: WKSP) closed at $3.07 down -2.54% from its previous closing price of $3.15. In other words, the price has decreased by -$2.54 from its previous closing price. On the day, 0.77 million shares were traded. WKSP stock price reached its highest trading level at $3.22 during the session, while it also had its lowest trading level at $2.98.
Ratios:
For a deeper understanding of Worksport Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 2.27. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.15.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 19 ’24 when Rossi Steven F. bought 33,333 shares for $0.75 per share. The transaction valued at 25,000 led to the insider holds 2,525,871 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WKSP now has a Market Capitalization of 20391056 and an Enterprise Value of 21935234. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 1.77 whereas that against EBITDA is -1.591.
Stock Price History:
The Beta on a monthly basis for WKSP is 0.49, which has changed by -0.62098765 over the last 52 weeks, in comparison to a change of 0.13837254 over the same period for the S&P500. Over the past 52 weeks, WKSP has reached a high of $12.00, while it has fallen to a 52-week low of $2.44. The 50-Day Moving Average of the stock is -8.13%, while the 200-Day Moving Average is calculated to be -31.78%.
Shares Statistics:
For the past three months, WKSP has traded an average of 449.08K shares per day and 531740 over the past ten days. A total of 6.64M shares are outstanding, with a floating share count of 6.37M. Insiders hold about 4.04% of the company’s shares, while institutions hold 6.00% stake in the company. Shares short for WKSP as of 1759190400 were 421115 with a Short Ratio of 0.94, compared to 1756425600 on 410739. Therefore, it implies a Short% of Shares Outstanding of 421115 and a Short% of Float of 6.670000399999999.
Earnings Estimates
The performance of Worksport Ltd (WKSP) in the stock market is under the watchful eye of 2.0 analysts actively contributing to its current rating.The consensus estimate for the next quarter is -$0.33, with high estimates of -$0.24 and low estimates of -$0.42.
Analysts are recommending an EPS of between -$2.24 and -$2.88 for the fiscal current year, implying an average EPS of -$2.56. EPS for the following year is -$1.46, with 2.0 analysts recommending between -$0.75 and -$2.17.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $5.58M this quarter.It ranges from a high estimate of $5.7M to a low estimate of $5.46M. As of. The current estimate, Worksport Ltd’s year-ago sales were $3.12MFor the next quarter, 2 analysts are estimating revenue of $9.71M. There is a high estimate of $9.9M for the next quarter, whereas the lowest estimate is $9.52M.
A total of 2 analysts have provided revenue estimates for WKSP’s current fiscal year. The highest revenue estimate was $21.9M, while the lowest revenue estimate was $21.32M, resulting in an average revenue estimate of $21.61M. In the same quarter a year ago, actual revenue was $8.48MBased on 2 analysts’ estimates, the company’s revenue will be $39.87M in the next fiscal year. The high estimate is $46.7M and the low estimate is $33.04M.
