Worksport Stock Performance
| WKSP Stock | USD 0.84 0.03 3.70% |
Worksport holds a performance score of 13 on a scale of zero to a hundred. The firm maintains a market beta of 1.78, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Worksport will likely underperform. Use Worksport sortino ratio, semi variance, as well as the relationship between the Semi Variance and rate of daily change , to analyze future returns on Worksport.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Worksport are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. Even with relatively fragile basic indicators, Worksport reported solid returns over the last few months and may actually be approaching a breakup point. ...more
Last Split Factor 1:20 | Dividend Date 2019-03-29 | Last Split Date 2021-08-04 |
1 | The Power Of Pickups Shows No Signs Of Fading Away Even In The EV Era | 10/24/2024 |
2 | Acquisition by Steven Rossi of 33333 shares of Worksport at 0.75 subject to Rule 16b-3 | 11/19/2024 |
3 | EXCLUSIVE Worksport Ropes In Digital BD to Probe Short Selling, CEO Buys Stock At Premium | 11/21/2024 |
4 | Worksport Ltd. to Present at Prestigious ICR Conference 2025 CEO to Highlight Growth Initiatives | 11/27/2024 |
5 | Worksport revenue climbs after move to West Seneca | 12/06/2024 |
6 | Worksport Debuts Innovations Live on National TV Show Fox Friends, Outlines Media Strategy for Growing Brand Presence | 12/09/2024 |
7 | Worksport Ltd. Shares Multiple Milestones, Strengthens Market Position as Initial ... | 12/13/2024 |
8 | Worksport Ltd. Shares Enhanced Strategic Vision Opportunity on New and Improved Investor Relations Website | 12/18/2024 |
| Begin Period Cash Flow | 14.6 M |
Worksport |
Worksport Relative Risk vs. Return Landscape
If you would invest 42.00 in Worksport on September 26, 2024 and sell it today you would earn a total of 42.00 from holding Worksport or generate 100.0% return on investment over 90 days. Worksport is currently generating 1.4385% in daily expected returns and assumes 8.3773% risk (volatility on return distribution) over the 90 days horizon. In different words, 74% of stocks are less volatile than Worksport, and 72% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Worksport Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Worksport's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Worksport, and traders can use it to determine the average amount a Worksport's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.1717
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Estimated Market Risk
| 8.38 actual daily | 74 74% of assets are less volatile |
Expected Return
| 1.44 actual daily | 28 72% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Worksport is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Worksport by adding it to a well-diversified portfolio.
Worksport Fundamentals Growth
Worksport Stock prices reflect investors' perceptions of the future prospects and financial health of Worksport, and Worksport fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Worksport Stock performance.
| Return On Equity | -0.8 | ||||
| Return On Asset | -0.35 | ||||
| Operating Margin | (2.03) % | ||||
| Current Valuation | 30.68 M | ||||
| Shares Outstanding | 32.94 M | ||||
| Price To Book | 1.62 X | ||||
| Price To Sales | 7.11 X | ||||
| Revenue | 1.53 M | ||||
| Gross Profit | (46.95 K) | ||||
| EBITDA | (13.2 M) | ||||
| Net Income | (14.93 M) | ||||
| Cash And Equivalents | 20.94 M | ||||
| Cash Per Share | 1.23 X | ||||
| Total Debt | 6.24 M | ||||
| Debt To Equity | 0.24 % | ||||
| Current Ratio | 10.58 X | ||||
| Book Value Per Share | 0.90 X | ||||
| Cash Flow From Operations | (11.93 M) | ||||
| Earnings Per Share | (0.66) X | ||||
| Market Capitalization | 26.53 M | ||||
| Total Asset | 25.95 M | ||||
| Retained Earnings | (48.31 M) | ||||
| Working Capital | 1.96 M | ||||
About Worksport Performance
Assessing Worksport's fundamental ratios provides investors with valuable insights into Worksport's financial health and overall profitability. This information is crucial for making informed investment decisions. A high ROA would indicate that the Worksport is effectively leveraging its assets and equity to generate significant profits, making it an appealing investment. Conversely, low Return on Assets could signal underlying management issues in assets and equity, indicating a necessity for operational refinements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 1 K | 938 | |
| Return On Tangible Assets | (0.61) | (0.64) | |
| Return On Capital Employed | (0.78) | (0.82) | |
| Return On Assets | (0.58) | (0.60) | |
| Return On Equity | (0.82) | (0.86) |
Things to note about Worksport performance evaluation
Checking the ongoing alerts about Worksport for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Worksport help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| 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 |
- Analyzing Worksport's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Worksport's stock is overvalued or undervalued compared to its peers.
- Examining Worksport's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Worksport's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Worksport's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of Worksport's stock. These opinions can provide insight into Worksport's potential for growth and whether the stock is currently undervalued or overvalued.
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.