Worksport Ltd. (NASDAQ:WKSP – Free Report) – Investment analysts at HC Wainwright issued their FY2024 EPS estimates for Worksport in a research note issued on Thursday, January 23rd. HC Wainwright analyst S. Buck expects that the company will post earnings of ($0.60) per share for the year. HC Wainwright currently has a “Buy” rating and a $1.50 target price on the stock. HC Wainwright also issued estimates for Worksport’s Q4 2024 earnings at ($0.14) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.42) EPS.
Separately, Alliance Global Partners began coverage on Worksport in a research note on Monday, December 23rd. They set a “buy” rating and a $2.00 price target for the company.
Worksport Price Performance
NASDAQ WKSP opened at $0.88 on Monday. The stock has a market capitalization of $29.13 million, a price-to-earnings ratio of -1.34 and a beta of 0.47. Worksport has a 1-year low of $0.36 and a 1-year high of $1.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 0.91. The business’s fifty day moving average price is $0.81 and its 200-day moving average price is $0.69.
About Worksport
Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station.
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