Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Worksport Ltd’s current trading price is -47.29% away from its 52-week high, while its distance from the 52-week low is 143.06%. The stock’s price range over this period has fluctuated between $0.36 and $1.66. The company, operating within the financial sector, had a trading volume of approximately 0.7 million for the day, which was noticeably lower than the average daily share volume of 1.44 million over the last 3 months.
Worksport Ltd ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $1.66 on 12/27/23, while the lowest value for the same period was recorded at $0.36 on 04/18/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Worksport Ltd (WKSP) has experienced a quarterly rise of 110.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 28.82M and boasts a workforce of 72 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.6424, with a change in price of +0.1811. Similarly, Worksport Ltd recorded 1,033,563 in trading volume during the last 100 days, posting a change of +26.22%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for WKSP stands at 0.37. Similarly, the long-term debt-to-equity ratio is also 0.34.
WKSP Stock Stochastic Average
Today, Worksport Ltd’s raw stochastic average for the past 50 days stands at 62.80%, indicating a rise from the raw stochastic average of the last 20 days, which was 56.61%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 52.28% and 49.59% respectively.
WKSP Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The index has shown a price loss of -41.28% this year. Over the last six months, there has been a weaker performance of 17.69%. The price of WKSP fallen by 44.08% during the last 30 days period. For the last 5-days stocks have improved 3.98%.
