Look Past The Setbacks And Give Worksport Ltd (NASDAQ: WKSP) Another Chance

Worksport Ltd (NASDAQ:WKSP) currently has a daily average trading volume of 265.24K but it saw 1076168 shares traded in last market. With a market cap of 14.52M USD, the company’s current market price of $0.49 came rising about 17.54 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 $2.07 and as low as $0.36. In the recent trading on the day, stock has struck highest price mark of $0.42 while lowest mark touched by it was $0.5.

Taking a look at 20-day trading activity of Worksport Ltd (WKSP) gives us an average price of $0.4528, while its current price level is -76.34% below from 52-week high level whereas it is 36.06% 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 $0.5738 while that of 200 days or SMA-200 reads an average of $0.8161. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.66% during that period while stretching the period over a month that increases to 12.41%. 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 50.46 which implies that the stock is in neutral territory.

Over the week, WKSP’s stock price is moving 17.71% up while it is -12.13% when we observe its performance for the past one month. Year-to-date it is -67.13% down and over the past year, the stock is showing a downside performance of -75.63%.

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 0.74. Stock has a price to book (P/B) ratio of 0.73 while price to sale or P/S ratio amounts to 3.89. Its return on asset (ROA) is -56.61% on average.