Market Momentum Report: Worksport Ltd (WKSP)’s Positive Close at 0.46

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The price of Worksport Ltd (NASDAQ: WKSP) closed at $0.46 in the last session, up 9.71% from day before closing price of $0.42. In other words, the price has increased by $9.71 from its previous closing price. On the day, 1.02 million shares were traded. WKSP stock price reached its highest trading level at $0.51 during the session, while it also had its lowest trading level at $0.438.

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 1.93 and its Current Ratio is at 4.77. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.30.

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 13663134 and an Enterprise Value of 16168895. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.66 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 4.332 whereas that against EBITDA is -1.176.

Stock Price History:

Over the past 52 weeks, WKSP has reached a high of $2.78, while it has fallen to a 52-week low of $0.36. The 50-Day Moving Average of the stock is -27.76%, while the 200-Day Moving Average is calculated to be -47.39%.

Shares Statistics:

According to the various share statistics, WKSP traded on average about 275.55K shares per day over the past 3-months and 556580 shares per day over the past 10 days. A total of 29.65M shares are outstanding, with a floating share count of 27.10M. Insiders hold about 8.60% of the company’s shares, while institutions hold 9.53% stake in the company. Shares short for WKSP as of 1724976000 were 671613 with a Short Ratio of 2.44, compared to 1722384000 on 581963. Therefore, it implies a Short% of Shares Outstanding of 671613 and a Short% of Float of 2.48.

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