HC Wainwright Estimates Worksport FY2024 Earnings

Worksport Ltd. (NASDAQ:WKSP) – Stock analysts at HC Wainwright issued their FY2024 earnings estimates for shares of Worksport in a research report issued to clients and investors on Thursday, January 23rd. HC Wainwright analyst S. Buck forecasts that the company will earn ($0.60) per share for the year. HC Wainwright has a “Buy” rating and a $1.50 price target 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 started coverage on Worksport in a report on Monday, December 23rd. They issued a “buy” rating and a $2.00 price objective on the stock.

Worksport Stock Down 3.3 %

Shares of WKSP opened at $0.91 on Monday. Worksport has a 52-week low of $0.36 and a 52-week high of $1.54. The company has a market capitalization of $29.98 million, a PE ratio of -1.38 and a beta of 0.47. The stock has a fifty day simple moving average of $0.81 and a two-hundred 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.

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.