Worksport Ltd's fundamentals are relatively healthy, and its growth potential is good.Its valuation is considered fairly valued, ranking 100 out of 161 in the Professional & Commercial Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 2.00.In the medium term, the stock price is expected to remain stable.Despite a strong stock market performance over the past month, the company shows weak fundamentals and technicals, which don't support the current strong trend.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
100 / 161
Overall Ranking
338 / 4565
Industry
Professional & Commercial Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Media Coverage
Last 24 hours
Coverage Level
Very Low
Very High
Positive
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 system markets. The Company protects its products through an intellectual property portfolio with patents and trademarks relating to 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 AL3 and The Worksport AL4. Its hard-folding cover, designed and manufactured in-house, is compatible with all major truck models.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 952.65% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 16.10M.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 16.10M.
Fairly Valued
The company’s latest PE is -0.36, at a medium 3-year percentile range.
Higher Market Activity
The company has more investor interest, with a 20-day turnover ratio of 5.03.
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 system markets. The Company protects its products through an intellectual property portfolio with patents and trademarks relating to 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 AL3 and The Worksport AL4. Its hard-folding cover, designed and manufactured in-house, is compatible with all major truck models.