Ideas And Forecasts On Worksport Ltd (NASDAQ: WKSP)

Worksport Ltd (NASDAQ:WKSP) currently has a daily average trading volume of 712.14K but it saw 6753262 shares traded in last market. With a market cap of 21.83M USD, the company’s current market price of $0.66 came rising about 6.40 while comparing to the previous closing price of $0.62. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.66 and as low as $0.36. In the recent trading on the day, stock has struck highest price mark of $0.624 while lowest mark touched by it was $0.75.

Taking a look at 20-day trading activity of Worksport Ltd (WKSP) gives us an average price of $0.6569, while its current price level is -60.07% below from 52-week high level whereas it is 84.14% 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 $0.6273 while that of 200 days or SMA-200 reads an average of $0.6590. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.67% during that period while stretching the period over a month that increases to 14.52%. 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 52.56 which implies that the stock is in neutral territory.

Over the week, WKSP’s stock price is moving 12.83% up while it is -3.94% when we observe its performance for the past one month. Year-to-date it is -55.51% down and over the past year, the stock is showing a downside performance of -57.78%.

Currently, Worksport Ltd’s total number of outstanding shares is 30.92M. Company’s return on investment (ROI) stands at -70.76% and return on equity (ROE) at -94.70%. Stock’s beta reads 0.56. Stock has a price to book (P/B) ratio of 1.25 while price to sale or P/S ratio amounts to 3.41. Its return on asset (ROA) is -62.63% on average.