Trading Day Review: Worksport Ltd (WKSP) Gains Momentum, Closing at 2.70

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The price of Worksport Ltd (NASDAQ: WKSP) closed at $2.70 in the last session, up 2.66% from day before closing price of $2.63. In other words, the price has increased by $2.66 from its previous closing price. On the day, 0.14 million shares were traded. WKSP stock price reached its highest trading level at $2.7399 during the session, while it also had its lowest trading level at $2.5.

Ratios:

We take a closer look at WKSP’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.63 and its Current Ratio is at 3.26. In the meantime, Its Debt-to-Equity ratio is 0.17 whereas as Long-Term Debt/Eq ratio is at 0.15.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 14040351 and an Enterprise Value of 12450346. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 1.219 whereas that against EBITDA is -0.872.

Stock Price History:

The Beta on a monthly basis for WKSP is 2.01, which has changed by -0.487666 over the last 52 weeks, in comparison to a change of 0.09362543 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 -14.03%, while the 200-Day Moving Average is calculated to be -55.60%.

Shares Statistics:

According to the various share statistics, WKSP traded on average about 186.96K shares per day over the past 3-months and 397130 shares per day over the past 10 days. A total of 5.20M shares are outstanding, with a floating share count of 4.93M. Insiders hold about 5.23% of the company’s shares, while institutions hold 9.49% stake in the company. Shares short for WKSP as of 1745971200 were 283214 with a Short Ratio of 1.51, compared to 1743379200 on 369654. Therefore, it implies a Short% of Shares Outstanding of 283214 and a Short% of Float of 6.15.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

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