Upward Trajectory: Worksport Ltd (WKSP) Posts a Slidee, Closing at 0.55

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The closing price of Worksport Ltd (NASDAQ: WKSP) was $0.55 for the day, down -7.04% from the previous closing price of $0.60. In other words, the price has decreased by -$7.04 from its previous closing price. On the day, 0.77 million shares were traded.

Ratios:

Our analysis of WKSP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 and its Current Ratio is at 2.96. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.34.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:

For the stock, the TTM Price-to-Sale (P/S) ratio is 2.85 while its Price-to-Book (P/B) ratio in mrq is 1.05.

Stock Price History:

Over the past 52 weeks, WKSP has reached a high of $1.20, while it has fallen to a 52-week low of $0.36. The 50-Day Moving Average of the stock is -34.57%, while the 200-Day Moving Average is calculated to be -20.88%.

Shares Statistics:

A total of 30.92M shares are outstanding, with a floating share count of 30.36M. Insiders hold about 7.84% of the company’s shares, while institutions hold 7.27% stake in the company.

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