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 Worksport in a report released on Thursday, January 23rd. HC Wainwright analyst S. Buck forecasts that the company will post earnings of ($0.60) per share for the year. HC Wainwright has a “Buy” rating and a $1.50 price objective 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 began coverage on shares of Worksport in a research note on Monday, December 23rd. They set a “buy” rating and a $2.00 price target for the company.

Worksport Stock Down 3.3 %

WKSP stock opened at $0.91 on Monday. Worksport has a 52 week low of $0.36 and a 52 week high of $1.54. The business has a 50-day simple moving average of $0.81 and a 200 day simple moving average of $0.69. The company has a quick ratio of 0.91, a current ratio of 2.96 and a debt-to-equity ratio of 0.31. The company has a market cap of $29.98 million, a PE ratio of -1.38 and a beta of 0.47.

About Worksport

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.