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Behind Worksport Ltd.’s 52-Week Range: Uncovering Opportunities for Investors

At present, Worksport Ltd. (WKSP) has a stock price of $3.16. In the previous session, the stock saw a rise, peaking at $3.16 after an opening price of $2.87. The day’s lowest price was $2.8238, and it closed at $2.71.

Worksport Ltd. saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $2.99 on 05/24/23, while the lowest price for the same duration was marked at $0.95 on 01/19/23.

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52-week price history of WKSP Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Worksport Ltd.’s current trading price is 5.69% away from its 52-week high, while its distance from the 52-week low is 232.63%. The stock’s price range during the 52-week period has remained between $0.95 and $2.99. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 0.54 million for the day, which was evidently higher than the average daily volume of 65420.0 over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Worksport Ltd. (WKSP) has experienced a quarterly rise of 107.89% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 53.56M and boasts a workforce of 21 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.58, with a change in price of +2.07. Similarly, Worksport Ltd. recorded 81,677 in trading volume during the last 100 days, posting a change of +189.91%.

Examining WKSP’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for WKSP stands at 0.22. Similarly, the long-term debt-to-equity ratio is also 0.22.

WKSP Stock Stochastic Average

Worksport Ltd.’s raw stochastic average for the past 50 days is presently 100.00%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 100.00%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 87.62% and 79.33%, respectively.

WKSP Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a gain of 217.59%.However, over the last six months, we can see a weaker performance of 98.74%. Over the last 30 days, the price of WKSP has fallen by 81.61%. And in the last five days, it has surged by 25.90%.

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