Worksport Ltd [NASDAQ: WKSP] traded at a high on Thursday, posting a 6.40 gain after which it closed the day’ session at $0.66.
The results of the trading session contributed to over 6753262 shares changing hands. Over the past one week, the price volatility of Worksport Ltd stands at 11.67% while the volatility over the past one month is 14.52%.
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The market cap for WKSP stock reached $21.83 million, with 30.92 million shares outstanding and 30.19 million shares in the current float. Compared to the average trading volume of 712.14K shares, WKSP reached a trading volume of 6753262 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 0.08, with the Price to Sales ratio for WKSP stock in the period of the last 12 months amounting to 3.41. The Price to Book ratio for the last quarter was 1.25, with the Price to Cash per share for the same quarter was set at 0.06.
How has WKSP stock performed recently?
Worksport Ltd [WKSP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.83. With this latest performance, WKSP shares dropped by -3.94% in over the last four-week period, additionally plugging by 10.85% over the last 6 months – not to mention a drop of -57.78% 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 52.56, with the RSI for the last a single of trading hit 55.65, and the three-weeks RSI is set at 51.87 for Worksport Ltd [WKSP]. The present Moving Average for the last 50 days of trading for this stock 0.6273, while it was recorded at 0.6147 for the last single week of trading, and 0.6590 for the last 200 days.
Worksport Ltd [WKSP]: Deeper insight into the fundamentals
Worksport Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.91 and a Current Ratio set at 2.96.
Insider trade positions for 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%.
