Taking on analysts’ expectations and winning: Worksport Ltd (WKSP)

With 1.88 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.31 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.085 whereas the lowest price it dropped to was $0.95. The 52-week range on WKSP shows that it touched its highest point at $1.66 and its lowest point at $0.36 during that stretch. It currently has a 1-year price target of $1.50. Beta for the stock currently stands at 0.54.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WKSP was up-trending over the past week, with a rise of 18.28%, but this was up by 48.30% over a month. Three-month performance surged to 135.24% while six-month performance rose 64.67%. The stock lost -31.86% in the past year, while it has lost -33.69% so far this year. A look at the trailing 12-month EPS for WKSP yields -0.66 with Next year EPS estimates of -0.33. For the next quarter, that number is -0.11. This implies an EPS growth rate of 33.33% for this year and 41.07% for next year.

Float and Shares Shorts:

At present, 30.92 million WKSP shares are outstanding with a float of 30.36 million shares on hand for trading. On 2024-10-31, short shares totaled 0.92 million, which was 298.0 higher than short shares on 1727654400. In addition to Mr. Steven F. Rossi as the firm’s Chairman, President, CEO & Secretary, Mr. Michael D. Johnston C.A., CPA, CA, CPA serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 0.09368 of WKSP’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, WKSP reported revenue of $3122359.0 and operating income of -$3911048.0. The EBITDA in the recently reported quarter was -$3507153.0 and diluted EPS was -$0.14.

Analysts Ratings:

In the same way, a target price assigned to a stock can also reveal much about its potential. With WKSP analysts setting a high price target of 1.5 and a low target of 1.5, the average target price over the next 12 months is 1.5. Based on these targets, WKSP could surge 51.52% to reach the target high and rise by 51.52% to reach the target low. Reaching the average price target will result in a growth of 51.52% from current levels.

Analysts have provided yearly estimates in a range of -$0.56 being high and -$0.56 being low. For WKSP, this leads to a yearly average estimate of -$0.56. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.