Worksport Stock Buy Hold or Sell Recommendation
| WKSP Stock | USD 0.84 0.03 3.70% |
Given the investment horizon of 90 days and complete risk avoidance on your part, our recommendation regarding Worksport is 'Strong Sell'. A buy or sell recommendation provided by Macroaxis is an automated analysis based on historical performance and your stated risk tolerance. It serves as guidance on whether to purchase or sell Worksport within the specified time frame.
Check out Worksport Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. To learn how to invest in Worksport Stock, please use our How to Invest in Worksport guide. Note, we conduct extensive research on individual companies such as Worksport and provide practical buy, sell, or hold advice based on investors' constraints. Worksport. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
Worksport |
Execute Worksport Buy or Sell Advice
The Worksport recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Worksport. Macroaxis does not own or have any residual interests in Worksport or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Worksport's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Good | Details | |
Volatility | Abnormally volatile | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Quite High | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Interested | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Worksport Trading Alerts and Improvement Suggestions
| Worksport is way too risky over 90 days horizon | |
| Worksport has some characteristics of a very speculative penny stock | |
| Worksport appears to be risky and price may revert if volatility continues | |
| Worksport has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 1.53 M. Net Loss for the year was (14.93 M) with loss before overhead, payroll, taxes, and interest of (46.95 K). | |
| Worksport currently holds about 20.94 M in cash with (11.93 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.23, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Worksport has a frail financial position based on the latest SEC disclosures | |
| Latest headline from globenewswire.com: Worksport Ltd. Shares Enhanced Strategic Vision Opportunity on New and Improved Investor Relations Website |
Worksport Returns Distribution Density
The distribution of Worksport's historical returns is an attempt to chart the uncertainty of Worksport's future price movements. The chart of the probability distribution of Worksport daily returns describes the distribution of returns around its average expected value. We use Worksport price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Worksport returns is essential to provide solid investment advice for Worksport.
| Mean Return | 1.34 | Value At Risk | -8.22 | Potential Upside | 16.67 | Standard Deviation | 8.20 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Worksport historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Worksport Stock Institutional Investors
The Worksport's institutional investors refer to entities that pool money to purchase Worksport's securities or originate loans. These institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds.
| Shares | Tower Research Capital Llc | 2024-09-30 | 9.5 K | Northwestern Mutual Wealth Management Co | 2024-09-30 | 3 K | Advisor Group Holdings, Inc. | 2024-09-30 | 2.8 K | Huntington National Bank | 2024-09-30 | 2.6 K | Group One Trading, Lp | 2024-09-30 | 1.5 K | Blackrock Inc | 2024-06-30 | 1.1 K | Royal Bank Of Canada | 2024-09-30 | 675 | Bank Of America Corp | 2024-09-30 | 313 | Morgan Stanley - Brokerage Accounts | 2024-09-30 | 75.0 | Armistice Capital, Llc | 2024-09-30 | 3 M | Geode Capital Management, Llc | 2024-09-30 | 236.6 K |
Worksport Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | (13.3K) | 1.1M | 27.5M | (13.9M) | (11.3M) | (10.7M) | |
| Free Cash Flow | (111.6K) | (734.3K) | (5.2M) | (19.1M) | (15.6M) | (14.8M) | |
| Other Non Cash Items | (140.9K) | 635.6K | 4.3M | (264.2K) | 5.7M | 6.0M | |
| Capital Expenditures | 98.4K | 8.0K | 1.1M | 11.2M | 3.7M | 3.9M | |
| Net Income | (414.6K) | (1.2M) | (7.9M) | (12.5M) | (14.9M) | (14.2M) | |
| End Period Cash Flow | 12.0K | 1.1M | 28.6M | 14.6M | 3.4M | 3.3M | |
| Change To Inventory | 122.1K | 72.4K | (461.0K) | (844.6K) | (2.3M) | (2.2M) | |
| Depreciation | 11.4K | 27.0K | 211.7K | 486.6K | 1.1M | 1.2M | |
| Net Borrowings | 87.8K | 581.2K | (214.7K) | 5.2M | 6.0M | 6.3M | |
| Change To Netincome | 505.1K | (193.8K) | 635.6K | 4.3M | 4.9M | 5.1M |
Worksport Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Worksport or Automobile Components sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Worksport's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Worksport stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 1.27 | |
β | Beta against Dow Jones | 1.78 | |
σ | Overall volatility | 8.38 | |
Ir | Information ratio | 0.16 |
Worksport Volatility Alert
Worksport is displaying above-average volatility over the selected time horizon. Worksport is a potential penny stock. Although Worksport may be in fact a good instrument to invest, many penny stocks are speculative in nature and are subject to artificial price hype. Please make sure you totally understand the upside potential and downside risk of investing in Worksport. We encourage investors to look for signals such as email spams, message board hypes, claims of breakthroughs, volume upswings, sudden news releases, promotions that are not reported, or demotions released before SEC filings. Please also check biographies and work history of current and past company officers before investing in high volatility instruments, penny stocks, or equities with microcap classification. You can indeed make money on Worksport instrument if you perfectly time your entry and exit. However, remember that penny stocks that have been the subject of artificial hype usually unable to maintain their increased share price for more than just a few days. The price of a promoted high volatility instrument will almost always revert back. The only way to increase shareholder value is through legitimate performance backed up by solid fundamentals.Worksport Fundamentals Vs Peers
Comparing Worksport's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Worksport's direct or indirect competition across all of the common fundamentals between Worksport and the related equities. This way, we can detect undervalued stocks with similar characteristics as Worksport or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Worksport's fundamental indicators could also be used in its relative valuation, which is a method of valuing Worksport by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Worksport to competition |
| Fundamentals | Worksport | Peer Average |
| Return On Equity | -0.8 | -0.31 |
| Return On Asset | -0.35 | -0.14 |
| Operating Margin | (2.03) % | (5.51) % |
| Current Valuation | 30.68 M | 16.62 B |
| Shares Outstanding | 32.94 M | 571.82 M |
| Shares Owned By Insiders | 8.24 % | 10.09 % |
| Shares Owned By Institutions | 9.36 % | 39.21 % |
| Number Of Shares Shorted | 868.74 K | 4.71 M |
| Price To Book | 1.62 X | 9.51 X |
| Price To Sales | 7.11 X | 11.42 X |
| Revenue | 1.53 M | 9.43 B |
| Gross Profit | (46.95 K) | 27.38 B |
| EBITDA | (13.2 M) | 3.9 B |
| Net Income | (14.93 M) | 570.98 M |
| Cash And Equivalents | 20.94 M | 2.7 B |
| Cash Per Share | 1.23 X | 5.01 X |
| Total Debt | 6.24 M | 5.32 B |
| Debt To Equity | 0.24 % | 48.70 % |
| Current Ratio | 10.58 X | 2.16 X |
| Book Value Per Share | 0.90 X | 1.93 K |
| Cash Flow From Operations | (11.93 M) | 971.22 M |
| Short Ratio | 2.04 X | 4.00 X |
| Earnings Per Share | (0.66) X | 3.12 X |
| Target Price | 1.75 | |
| Number Of Employees | 70 | 18.84 K |
| Beta | 0.64 | -0.15 |
| Market Capitalization | 26.53 M | 19.03 B |
| Total Asset | 25.95 M | 29.47 B |
| Retained Earnings | (48.31 M) | 9.33 B |
| Working Capital | 1.96 M | 1.48 B |
| Net Asset | 25.95 M |
Note: Acquisition by Steven Rossi of 33333 shares of Worksport at 0.75 subject to Rule 16b-3 [view details]
Worksport Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Worksport . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 44842.86 | |||
| Daily Balance Of Power | 0.5 | |||
| Rate Of Daily Change | 1.04 | |||
| Day Median Price | 0.81 | |||
| Day Typical Price | 0.82 | |||
| Price Action Indicator | 0.045 | |||
| Period Momentum Indicator | 0.03 |
About Worksport Buy or Sell Advice
When is the right time to buy or sell Worksport? Buying financial instruments such as Worksport Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
Use Investing Ideas to Build Portfolios
In addition to having Worksport in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Conservative Funds Thematic Idea Now
Conservative Funds
Funds or Etfs that invest using buy-and-hold investment strategy in companies with consistent growth over many years of operation. The Conservative Funds theme has 40 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Conservative Funds Theme or any other thematic opportunities.
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Additional Tools for Worksport Stock Analysis
When running Worksport's price analysis, check to measure Worksport's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worksport is operating at the current time. Most of Worksport's value examination focuses on studying past and present price action to predict the probability of Worksport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worksport's price. Additionally, you may evaluate how the addition of Worksport to your portfolios can decrease your overall portfolio volatility.