Worksport (WKSP) Stock Price, News & Analysis

Company Overview

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station. It serves its products to automotive accessories, consumer electronics, and residential and commercial HVAC system markets. The company also sells its products through wholesalers, private labels, distributors, and online retail channels, including eBay, Amazon, Walmart, and e-commerce platform hosted on Shopify. Worksport Ltd. is based in West Seneca, New York.

Key Stats

• Today's Range: $0.78 to $0.84
• 50-Day Range: $0.79 to $1.06
• 52-Week Range: $0.36 to $1.38
• Volume: 761,315 shs
• Average Volume: 909,430 shs
• Market Capitalization: $26.16 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $1.75
• Consensus Rating: Buy

Worksport Stock Analysis - MarketRank™

Worksport scored higher than 38% of companies evaluated by MarketBeat, and ranked 150th out of 215 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Worksport has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Worksport has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Worksport are expected to grow in the coming year, from ($0.60) to ($0.42) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Worksport is -1.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Worksport is -1.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Worksport has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.03% of the float of Worksport has been sold short.

Short Interest Ratio / Days to Cover

Worksport has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Worksport has recently increased by 8.64%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Worksport does not currently pay a dividend.

Dividend Growth

Worksport does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.03% of the float of Worksport has been sold short.

Short Interest Ratio / Days to Cover

Worksport has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Worksport has recently increased by 8.64%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 3 people have searched for WKSP on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Worksport to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Worksport insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 9.37% of the stock of Worksport is held by insiders.

Percentage Held by Institutions

Only 16.11% of the stock of Worksport is held by institutions.

WKSP Stock Analysis - Frequently Asked Questions

How have WKSP shares performed this year?

Worksport's stock was trading at $0.92 at the beginning of the year. Since then, WKSP stock has decreased by 13.7% and is now trading at $0.7941.
View the best growth stocks for 2025 here.

How were Worksport's earnings last quarter?

Worksport Ltd. (NASDAQ:WKSP) posted its quarterly earnings results on Tuesday, November, 14th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.02. The firm had revenue of $0.46 million for the quarter. Worksport had a negative trailing twelve-month return on equity of 85.53% and a negative net margin of 242.68%.

Who are Worksport's major shareholders?

Worksport's top institutional investors include Renaissance Technologies LLC (1.31%), Geode Capital Management LLC (0.83%), Two Sigma Investments LP (0.48%) and Two Sigma Securities LLC (0.28%).
View institutional ownership trends.

How do I buy shares of Worksport?

Shares of WKSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Worksport own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Worksport investors own include Scilex (SCLX), Rigetti Computing (RGTI), Pfizer (PFE), PACCAR (PCAR), Novo Nordisk A/S (NVO), Arista Networks (ANET) and Fabrinet (FN).

Company Calendar

• Last Earnings: 11/14/2023
• Today: 2/22/2025
• Next Earnings (Estimated): 5/12/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Motor vehicle parts & accessories
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:WKSP
• CUSIP: N/A
• CIK: 1096275
• Web: www.worksport.com
• Phone: (888) 554-8789
• Fax: 416-352-5389
• Employees: 10
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $1.75
• High Stock Price Target: $2.00
• Low Stock Price Target: $1.50
• Potential Upside/Downside: +120.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.66)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-14,930,000.00
• Net Margins: -242.68%
• Pretax Margin: -242.70%
• Return on Equity: -85.53%
• Return on Assets: -58.92%

Debt

• Debt-to-Equity Ratio: 0.31
• Current Ratio: 2.96
• Quick Ratio: 0.91

Sales & Book Value

• Annual Sales: $6.40 million
• Price / Sales: 4.09
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.94 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 32,938,000
• Free Float: 29,852,000
• Market Cap: $26.16 million
• Optionable: Optionable
• Beta: 0.44