HC Wainwright Comments on Worksport FY2024 Earnings

Worksport Ltd. (NASDAQ:WKSP) – Equities research analysts at HC Wainwright issued their FY2024 earnings per share (EPS) estimates for shares of Worksport in a research note issued on Thursday, January 23rd. HC Wainwright analyst S. Buck expects that the company will post earnings of ($0.60) per share for the year. HC Wainwright currently has a “Buy” rating and a $1.50 price target on the stock. HC Wainwright also issued estimates for Worksport’s Q4 2024 earnings at ($0.14) EPS, Q1 2025 earnings at ($0.12) EPS, Q2 2025 earnings at ($0.12) EPS, Q3 2025 earnings at ($0.10) EPS, Q4 2025 earnings at ($0.07) EPS and FY2025 earnings at ($0.42) EPS.

Separately, Alliance Global Partners assumed coverage on shares of Worksport in a research report on Monday, December 23rd. They set a “buy” rating and a $2.00 price target on the stock.

Worksport Price Performance

WKSP opened at $0.88 on Monday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.96 and a quick ratio of 0.91. Worksport has a 1 year low of $0.36 and a 1 year high of $1.54. The firm has a market cap of $29.13 million, a price-to-earnings ratio of -1.34 and a beta of 0.47. The stock’s 50 day simple moving average is $0.81 and its 200 day simple moving average is $0.69.

Worksport Company Profile

Worksport Ltd., through its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station.