Worksport Ltd [NASDAQ: WKSP] gained 16.02% or 0.08 points to close at $0.58 with a heavy trading volume of 4238026 shares.
The daily chart for WKSP points out that the company has recorded 5.45% gains over the past six months.
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If we look at the average trading volume of 593.02K shares, WKSP reached to a volume of 4238026 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Worksport Ltd [WKSP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WKSP shares is $1.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WKSP stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Worksport Ltd is set at 0.10, with the Price to Sales ratio for WKSP stock in the period of the last 12 months amounting to 2.99. The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 0.06.
Trading performance analysis for WKSP stock
Worksport Ltd [WKSP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.84. With this latest performance, WKSP shares dropped by -18.24% in over the last four-week period, additionally plugging by 5.45% over the last 6 months – not to mention a drop of -69.15% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WKSP stock in for the last two-week period is set at 43.33, with the RSI for the last a single of trading hit 40.06, and the three-weeks RSI is set at 45.67 for Worksport Ltd [WKSP]. The present Moving Average for the last 50 days of trading for this stock 0.5964, while it was recorded at 0.5774 for the last single week of trading, and 0.6956 for the last 200 days.
Worksport Ltd [WKSP]: A deeper dive into fundamental analysis
Worksport Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.91 and a Current Ratio set at 2.96.
Worksport Ltd [WKSP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Worksport Ltd posted -0.19/share EPS, while the average EPS was predicted by analysts to be reported at -0.24/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WKSP.
An analysis of Institutional ownership at Worksport Ltd [WKSP]
There are presently around $9.37%, or 10.21%% of WKSP stock, in the hands of institutional investors. The top three institutional holders of WKSP stocks are: ARMISTICE CAPITAL, LLC with ownership of 2.21 million shares, which is approximately 10.4151%. GEODE CAPITAL MANAGEMENT, LLC, holding 0.2 million shares of the stock with an approximate value of $$0.15 million in WKSP stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $$0.12 million in WKSP stock with ownership which is approximately 0.7105%.
