Worksport Ltd [NASDAQ: WKSP] price surged by 14.37 percent to reach at $0.11.
The one-year WKSP stock forecast points to a potential upside of 41.33. The average equity rating for WKSP stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on 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 5.28. The Price to Book ratio for the last quarter was 1.67, with the Price to Cash per share for the same quarter was set at 0.05.
WKSP Stock Performance Analysis:
Worksport Ltd [WKSP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 50.20. With this latest performance, WKSP shares gained by 20.14% in over the last four-week period, additionally plugging by 42.69% over the last 6 months – not to mention a drop of -43.83% 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 68.07, with the RSI for the last a single of trading hit 76.12, and the three-weeks RSI is set at 63.75 for Worksport Ltd [WKSP]. The present Moving Average for the last 50 days of trading for this stock 0.6436, while it was recorded at 0.7074 for the last single week of trading, and 0.6547 for the last 200 days.
Insight into Worksport Ltd 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.
Worksport Ltd [WKSP] Institutonal Ownership Details
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%.
