Worksport Ltd (WKSP): Uncovering A True Diamond In The Rough

Worksport Ltd (NASDAQ:WKSP) currently has a daily average trading volume of 275.55K but it saw 1018087 shares traded in last market. With a market cap of 13.66M USD, the company’s current market price of $0.46 came rising about 9.71 while comparing to the previous closing price of $0.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.78 and as low as $0.36. In the recent trading on the day, stock has struck highest price mark of $0.438 while lowest mark touched by it was $0.51.

Taking a look at 20-day trading activity of Worksport Ltd (WKSP) gives us an average price of $0.5367, while its current price level is -83.42% below from 52-week high level whereas it is 28.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.6325 while that of 200 days or SMA-200 reads an average of $0.8703. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.23% during that period while stretching the period over a month that increases to 12.33%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.82 which implies that the stock is in neutral territory.

Over the week, WKSP’s stock price is moving -3.60% down while it is -30.53% when we observe its performance for the past one month. Year-to-date it is -69.07% down and over the past year, the stock is showing a downside performance of -82.34%.

Currently, Worksport Ltd’s total number of outstanding shares is 29.65M. Company’s return on investment (ROI) stands at -61.51% and return on equity (ROE) at -79.57%. Stock’s beta reads 0.78. Stock has a price to book (P/B) ratio of 0.69 while price to sale or P/S ratio amounts to 3.66. Its return on asset (ROA) is -56.61% on average.