Worksport Ltd. (WKSP) stock forecast & analysis
0.6079
NasdaqCM · USD
Down: -0.0221, -3.5%
1 analysis
- Open
- 0.5450
- Previous close
- 0.6300
- Day range
- 0.5450 – 0.6294
- 52-week range
- 0.4650 – 4.30
- Volume (shares)
- 2.27M
- Net assets
- Not available
- Expense ratio
- Not available
- Shares outstanding
- 15.30M
- P/E ratio
- Not available
- Dividend yield
- Not available
- Beta
- 0.27
- Market cap
- 9.30M
Market Scanner’s AI analysis of Worksport Ltd. (WKSP), updated August 2026: Worksport Ltd. (WKSP) revenue growth and record orders contrasted with ongoing unprofitability and below-average technical indicators.
Summary
Worksport Ltd. (WKSP) revenue growth and record orders contrasted with ongoing unprofitability and below-average technical indicators.
Recent analyses for Worksport Ltd. (WKSP) covered significant year-over-year quarterly revenue growth of 27.4% and record orders totaling $2.5 million in July, contributing to an annualized recurring revenue (ARR) of $30 million. The reports also noted a decrease in operating cash use and a narrowed net loss in the second quarter. However, the company remains unprofitable with negative profit, operating, and return on equity margins, and its current stock price is trading below its 50-day and 200-day simple moving averages.
WKSP news & sentiment
News reports highlighted record orders and consecutive sales growth, alongside improvements in operating cash use and narrowed net losses. Social media sentiment was not covered in the provided notes.
WKSP technical picture
The 7-day and 30-day price changes were positive, but the 91-day change showed a significant decrease. Current price action is below both the 50-day and 200-day SMAs, with short-term momentum also below the current price. Momentum readings are neutral, though strong buying pressure was noted by the MFI, while MACD suggests bearish momentum. The price traded within the Bollinger Bands, indicating moderate volatility.
Fundamentals
Worksport Ltd. (WKSP) reported significant year-over-year quarterly revenue growth and record orders, alongside a decrease in operating cash use and a narrowed net loss. However, the company remains unprofitable with negative profit, operating, and return on equity margins.
Factors discussed — upside
- Year-over-year quarterly revenue increase of 27.4%
- Record orders totaling $2.5 million in July
- Seven-month streak of consecutive sales growth
- Annualized recurring revenue (ARR) of $30 million
- Operating cash use decreased by 58% and net loss narrowed by 32% in Q2
Factors discussed — risks
- TTM Profit Margin of -114.492%
- TTM Operating Margin of -73.051%
- Return on Equity TTM of -115.139%
- Current price below 50-day SMA (0.74)
- Current price below 200-day SMA (1.37)
- Revenue Growth
- Profitability
- Technical Indicators
- Cash Flow
Summary updated .
WKSP technical indicators
Common technical indicators for WKSP, computed from its daily closing prices.
| Indicator | Value | Reading |
|---|---|---|
| 50-day simple moving average | 0.74 | Price below |
| 10-day exponential moving average | 0.60 | Price above |
| Relative strength index (14-day) | 45.64 | Neutral |
| MACD line (12/26/9) | -0.0412 | Below its signal line |
| Bollinger bands (20-day, 2σ) | 0.51 – 0.78 | Price inside the bands |
Analyses
Recent WKSP.US analyses are locked — sign in to read them or generate a fresh one.
Frequently asked questions
- What is the bull case for Worksport Ltd.?
- Worksport Ltd. has demonstrated significant revenue growth, including a 27.4% year-over-year increase in the most recent reported quarter and a streak of seven consecutive months of sales growth. This growth has contributed to an annualized recurring revenue (ARR) of $30 million and was bolstered by record orders totaling $2.5 million in July, alongside a 58% decrease in operating cash use and a 32% narrowing of the net loss in the second quarter.
- What are the risks for Worksport Ltd.?
- Worksport Ltd. continues to face challenges with profitability, as indicated by negative trailing twelve months (TTM) profit, operating, and return on equity margins. The company's current stock price is trading below its 50-day and 200-day simple moving averages, suggesting a bearish technical trend.
- Is Worksport Ltd. bullish or bearish?
- Recent AI analyses of Worksport Ltd. examined factors on both sides. Discussed upside: Worksport Ltd. has demonstrated significant revenue growth, including a 27.4% year-over-year increase in the most recent reported quarter and a streak of seven consecutive months of sales growth. This growth has contributed to an annualized recurring revenue (ARR) of $30 million and was bolstered by record orders totaling $2.5 million in July, alongside a 58% decrease in operating cash use and a 32% narrowing of the net loss in the second quarter. Discussed risks: Worksport Ltd. continues to face challenges with profitability, as indicated by negative trailing twelve months (TTM) profit, operating, and return on equity margins. The company's current stock price is trading below its 50-day and 200-day simple moving averages, suggesting a bearish technical trend. These are descriptive observations, not a recommendation.
- What is the latest sentiment on Worksport Ltd.?
- News reports highlighted record orders and consecutive sales growth, alongside improvements in operating cash use and narrowed net losses. Social media sentiment was not covered in the provided notes.
- Bundles used
- gemini-low-v2
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