Worksport Ltd (NASDAQ: WKSP) Drops -24.95% Over A Month, But Analysts Still See Upside Potential

Worksport Ltd (NASDAQ:WKSP) currently has a daily average trading volume of 685.70K but it saw 477446 shares traded in last market. With a market cap of 19.36M USD, the company’s current market price of $0.59 came falling about -3.70 while comparing to the previous closing price of $0.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.84 and as low as $0.36. In the recent trading on the day, stock has struck highest price mark of $0.5715 while lowest mark touched by it was $0.6261.

Taking a look at 20-day trading activity of Worksport Ltd (WKSP) gives us an average price of $0.6780, while its current price level is -68.07% below from 52-week high level whereas it is 63.19% 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 $0.6097 while that of 200 days or SMA-200 reads an average of $0.6793. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.29% during that period while stretching the period over a month that increases to 14.16%. 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 44.44 which implies that the stock is in neutral territory.

Over the week, WKSP’s stock price is moving 17.52% up while it is -24.95% when we observe its performance for the past one month. Year-to-date it is -60.57% down and over the past year, the stock is showing a downside performance of -65.64%.

Currently, Worksport Ltd’s total number of outstanding shares is 32.94M. Company’s return on investment (ROI) stands at -70.76% and return on equity (ROE) at -94.70%. Stock’s beta reads 0.50. Stock has a price to book (P/B) ratio of 1.11 while price to sale or P/S ratio amounts to 3.02. Its return on asset (ROA) is -62.63% on average.