Worksport (WKSP) to Release Earnings on Thursday

Worksport (NASDAQ:WKSP) will likely be announcing its earnings results before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $2.92 million for the quarter.

Worksport Stock Performance

Shares of WKSP stock opened at $3.77 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 2.96 and a debt-to-equity ratio of 0.31. Worksport has a 52 week low of $3.15 and a 52 week high of $12.00. The firm has a 50 day moving average of $7.41 and a 200-day moving average of $7.04. The company has a market cap of $12.42 million, a price-to-earnings ratio of -5.71 and a beta of 2.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Alliance Global Partners reaffirmed a “buy” rating on shares of Worksport in a research note on Tuesday, March 18th. HC Wainwright started coverage on Worksport in a research note on Thursday, January 23rd. They set a “buy” rating and a $15.00 price target on the stock. Finally, Industrial Alliance Securities set a $17.50 price target on Worksport in a report on Monday, March 3rd.

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.