The company's fundamentals are relatively healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a very weak stock market performance, the company shows strong fundamentals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Worksport Ltd's Score
Industry at a Glance
Industry Ranking
104 / 160
Overall Ranking
276 / 4616
Industry
Professional & Commercial Services
Support & Resistance
No Data
Score Analysis
Current score
Previous score
Analyst Rating
Based on
3
analysts
Buy
Current Rating
10.333
Target Price
+235.50%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Worksport Ltd Highlights
StrengthsRisks
Worksport Ltd. through its subsidiaries, designs, develops, and manufactures products for various markets including automotive accessories, consumer electronics, and both residential and commercial heating, ventilation, and air conditioning (HVAC) system markets. The Company protect its products through an intellectual property (IP) portfolio with patents and trademarks relating to, among other things, tonneau covers, solar integrated tonneau covers, portable power stations, NP (non-parasitic) hydrogen-based green energy systems, residential heating, and cooling systems (heat pumps), and electric vehicle-charging stations. Its soft tonneau cover offering consists of vinyl wrapped tri- and quad-fold tonneau covers. The soft tonneau cover line includes The Worksport SC3, The Worksport SC3 PRO, The Worksport SC4, and The Worksport SC4 PRO. Its hard tonneau cover line includes The Worksport TC3, The Worksport TC4, The Worksport AL3, The Worksport AL4.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 7182.60% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 8.48M.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 8.48M.
Overvalued
The company’s latest PE is -0.05, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 397.74K shares, decreasing 48.17% quarter-over-quarter.
Worksport Ltd. through its subsidiaries, designs, develops, and manufactures products for various markets including automotive accessories, consumer electronics, and both residential and commercial heating, ventilation, and air conditioning (HVAC) system markets. The Company protect its products through an intellectual property (IP) portfolio with patents and trademarks relating to, among other things, tonneau covers, solar integrated tonneau covers, portable power stations, NP (non-parasitic) hydrogen-based green energy systems, residential heating, and cooling systems (heat pumps), and electric vehicle-charging stations. Its soft tonneau cover offering consists of vinyl wrapped tri- and quad-fold tonneau covers. The soft tonneau cover line includes The Worksport SC3, The Worksport SC3 PRO, The Worksport SC4, and The Worksport SC4 PRO. Its hard tonneau cover line includes The Worksport TC3, The Worksport TC4, The Worksport AL3, The Worksport AL4.