Worksport (NASDAQ:WKSP) Research Coverage Started at HC Wainwright

HC Wainwright assumed coverage on shares of Worksport (NASDAQ:WKSP) in a research report sent to investors on Thursday, Marketbeat reports. The brokerage issued a buy rating on the stock. HC Wainwright also issued estimates for Worksport’s Q1 2027 earnings at ($0.15) EPS, Q2 2027 earnings at ($0.14) EPS, Q3 2027 earnings at ($0.11) EPS, Q4 2027 earnings at ($0.11) EPS, FY2027 earnings at ($0.51) EPS and FY2028 earnings at ($0.21) EPS.

Several other equities analysts also recently issued reports on the stock. Maxim Group downgraded shares of Worksport from a “buy” rating to a “hold” rating in a research note on Friday, October 30th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Worksport in a research note on Friday, October 2nd. Finally, Wall Street Zen downgraded Worksport from a “hold” rating to a “sell” rating in a report on Saturday, September 5th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.00.

Worksport Stock Performance

Worksport stock opened at $0.34 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.72 and a current ratio of 3.02. The stock has a fifty day moving average of $0.38 and a two-hundred day moving average of $0.84. The company has a market capitalization of $6.89 million, a price-to-earnings ratio of -0.18 and a beta of 0.54. Worksport has a fifty-two week low of $0.24 and a fifty-two week high of $3.13.

Worksport (NASDAQ:WKSP) last posted its quarterly earnings data on Tuesday, November 10th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.02). Worksport had a negative net margin of 95.65% and a negative return on equity of 97.20%. The company had revenue of $7.23 million for the quarter, compared to analyst estimates of $7.20 million.

Worksport Company Profile

Worksport Ltd. (NASDAQ: WKSP) develops and manufactures tonneau covers and related products for pickup trucks. Its covers are designed to protect cargo, improve vehicle utility, and provide an alternative to conventional truck-bed coverings. The company serves the automotive aftermarket and targets owners of pickup trucks across North America. Worksport’s product portfolio includes hard and soft folding tonneau covers, including its COR line of hard-shell covers. The company is also developing SOLIS, a solar-integrated tonneau cover designed to generate electricity from sunlight, and COR battery-related products intended to store and supply portable power.