Worksport Reports 2,050 percent Increase in Q4 2023 YOY Revenue, Following a 2,400 percent YOY Q3 Revenue Advance
| WKSP Stock | USD 0.93 0.09 11.13% |
Slightly above 59% of all Worksport's retail investors are looking to take a long position. The analysis of overall sentiment of trading Worksport stock suggests that some investors are interested at this time. Worksport's investing sentiment overview a quick insight into current market opportunities from investing in Worksport. Many technical investors use Worksport stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Worksport |
West Seneca, New York, Feb. 06, 2024 -- Worksport Ltd. is pleased to report revenue for the fourth quarter of its fiscal year ended December 31, 2023 has increased by 2,050 percent YOY, as well as other key highlights Significant revenue increase Worksport revenues in Q4 2023 increased a remarkable 2,050 percent year-over-year to US839,690 from US39,063 for the same Q4 period in 2022. This followed another momentum-relate
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Worksport Current Investor Sentiment
Panic Vs Confidence
59
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use Worksport's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward Worksport.
News SentimentBullish | Hype SentimentBullish | Insider SentimentWaiting |
Worksport Investor Sentiment by Other News Outlets
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Worksport Fundamental Analysis
We analyze Worksport's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Worksport using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Worksport based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Net Income
Net Income Comparative Analysis
Worksport is currently under evaluation in net income category among its peers. Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Worksport Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Worksport stock to make a market-neutral strategy. Peer analysis of Worksport could also be used in its relative valuation, which is a method of valuing Worksport by comparing valuation metrics with similar companies.
Peers
Worksport Related Equities
| LIDR | Aeye | 25.00 | ||||
| QS | Quantumscape Corp | 10.43 | ||||
| LAZR | Luminar Technologies | 8.39 | ||||
| MBLY | Mobileye Global | 0.67 | ||||
| ALV | Autoliv | 0.00 | ||||
| LEA | Lear | 0.15 | ||||
| AEVA | Aeva Technologies | 1.26 | ||||
| ADNT | Adient PLC | 1.31 | ||||
| CVGI | Commercial Vehicle | 1.72 | ||||
| DAN | Dana | 1.78 | ||||
| MOD | Modine Manufacturing | 1.90 | ||||
| HYLN | Hyliion Holdings | 3.99 | ||||
| INVZ | Innoviz Technologies | 7.26 |
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.