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Worksport (WKSP) Competitors

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$0.64 +0.06 (+10.36%)
(As of 11/22/2024 ET)

WKSP vs. REE, INVZ, FFIE, LEV, CPTN, CENN, GOEV, ECDA, EVTV, and GP

Should you be buying Worksport stock or one of its competitors? The main competitors of Worksport include REE Automotive (REE), Innoviz Technologies (INVZ), Faraday Future Intelligent Electric (FFIE), Lion Electric (LEV), Cepton (CPTN), Cenntro (CENN), Canoo (GOEV), ECD Automotive Design (ECDA), Envirotech Vehicles (EVTV), and GreenPower Motor (GP). These companies are all part of the "automobiles and trucks" industry.

Worksport vs.

Worksport (NASDAQ:WKSP) and REE Automotive (NASDAQ:REE) are both small-cap retail/wholesale companies, but which is the better investment? We will compare the two companies based on the strength of their risk, dividends, earnings, profitability, community ranking, valuation, analyst recommendations, media sentiment and institutional ownership.

Worksport has a net margin of -242.68% compared to REE Automotive's net margin of -6,265.21%. Worksport's return on equity of -85.53% beat REE Automotive's return on equity.

Company Net Margins Return on Equity Return on Assets
Worksport-242.68% -85.53% -58.92%
REE Automotive -6,265.21%-119.91%-72.27%

REE Automotive received 11 more outperform votes than Worksport when rated by MarketBeat users. However, 50.00% of users gave Worksport an outperform vote while only 32.43% of users gave REE Automotive an outperform vote.

CompanyUnderperformOutperform
WorksportOutperform Votes
1
50.00%
Underperform Votes
1
50.00%
REE AutomotiveOutperform Votes
12
32.43%
Underperform Votes
25
67.57%

In the previous week, Worksport had 5 more articles in the media than REE Automotive. MarketBeat recorded 7 mentions for Worksport and 2 mentions for REE Automotive. REE Automotive's average media sentiment score of 0.76 beat Worksport's score of 0.30 indicating that REE Automotive is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Worksport
1 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
REE Automotive
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

16.1% of Worksport shares are owned by institutional investors. Comparatively, 12.7% of REE Automotive shares are owned by institutional investors. 9.4% of Worksport shares are owned by insiders. Comparatively, 6.0% of REE Automotive shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Worksport has higher earnings, but lower revenue than REE Automotive. Worksport is trading at a lower price-to-earnings ratio than REE Automotive, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Worksport$1.53M13.76-$14.93M-$0.66-0.97
REE Automotive$1.61M47.62-$114.21M-$8.95-0.82

REE Automotive has a consensus target price of $14.50, suggesting a potential upside of 98.77%. Given REE Automotive's stronger consensus rating and higher possible upside, analysts clearly believe REE Automotive is more favorable than Worksport.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Worksport
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
REE Automotive
1 Sell rating(s)
0 Hold rating(s)
2 Buy rating(s)
1 Strong Buy rating(s)
2.75

Worksport has a beta of 0.66, meaning that its share price is 34% less volatile than the S&P 500. Comparatively, REE Automotive has a beta of 3.04, meaning that its share price is 204% more volatile than the S&P 500.

Summary

REE Automotive beats Worksport on 10 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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WKSP vs. The Competition

MetricWorksportMotor vehicle parts & accessories IndustryRetail SectorNASDAQ Exchange
Market Cap$21.05M$2.99B$24.61B$8.84B
Dividend YieldN/A3.88%171.29%4.09%
P/E Ratio-0.9713.83120.1417.58
Price / Sales13.764.843.20158.43
Price / CashN/A7.6120.0236.33
Price / Book1.281.907.196.50
Net Income-$14.93M$197.94M$691.41M$226.22M
7 Day Performance-4.08%0.15%2.20%3.76%
1 Month Performance-9.92%-3.29%1.60%4.63%
1 Year Performance-63.69%-4.60%18.71%29.20%

Worksport Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
WKSP
Worksport
0.7187 of 5 stars
$0.64
+10.4%
N/A-63.7%$21.05M$1.53M-0.9710News Coverage
Gap Up
High Trading Volume
REE
REE Automotive
2.6292 of 5 stars
$7.17
+8.8%
$14.50
+102.2%
+63.2%$75.36M$1.61M-0.80270
INVZ
Innoviz Technologies
2.5602 of 5 stars
$0.53
+1.9%
$3.80
+617.0%
-72.3%$72.18M$20.88M-0.83400
FFIE
Faraday Future Intelligent Electric
0.6636 of 5 stars
$1.55
+5.4%
N/A-97.4%$70.27M$780,000.000.00740Positive News
Gap Down
LEV
Lion Electric
2.6455 of 5 stars
$0.23
+21.6%
$1.46
+549.1%
-87.4%$51.04M$253.50M-0.381,350Gap Down
High Trading Volume
CPTN
Cepton
N/A$3.13
+0.3%
N/A+11.0%$50.24M$13.06M-1.802
CENN
Cenntro
0.9699 of 5 stars
$1.23
-0.8%
N/A-45.3%$37.97M$22.08M0.00210News Coverage
GOEV
Canoo
2.5176 of 5 stars
$0.45
-6.2%
$22.71
+4,929.5%
-94.0%$36.93M$890,000.00-0.13800
ECDA
ECD Automotive Design
3.0396 of 5 stars
$0.98
+11.4%
$9.00
+818.5%
N/A$33.95M$15.12M0.00N/A
EVTV
Envirotech Vehicles
N/A$1.60
-4.2%
N/A-2.1%$26.83M$2.86M-2.5410Gap Up
GP
GreenPower Motor
2.5635 of 5 stars
$0.82
+3.8%
$2.33
+184.2%
-69.7%$24.13M$39.27M-0.9670

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This page (NASDAQ:WKSP) was last updated on 11/23/2024 by MarketBeat.com Staff
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