(WKSP) Worksport - Ratings and Ratios

Worksport Ltd. (NASDAQ:WKSP) is a automotive parts manufacturer specializing in innovative truck tonneau covers and energy storage solutions. Through its subsidiary, the company designs and distributes soft and hard tonneau covers for trucks in Canada and the United States. Its product lineup includes vinyl-wrapped tri- and quad-fold soft covers and durable tri- and quad-fold aluminum hard covers. Worksport has also expanded into renewable energy with products like the SOLIS tonneau cover, which integrates solar panels, and the COR energy storage system, a portable power station designed for modular use. These products target automotive accessories, consumer electronics, and HVAC markets. The company distributes through various channels, including wholesalers, private labels, distributors, and online platforms such as eBay, Amazon, Walmart, and its Shopify-hosted e-commerce site. Headquartered in West Seneca, New York, Worksport operates at the intersection of automotive innovation and renewable energy solutions. Web URL: https://www.worksport.com

Ticker Symbol: WKSP (NASDAQ) represents a micro-cap stock in the automotive parts sector. With a market capitalization of $21.96M, the company operates with a price-to-book ratio of 1.33, indicating moderate valuation alignment with its book value. The stock currently trades at $0.60, below its 20-day ($0.76) and 50-day ($0.85) simple moving averages, signaling bearish momentum. The 200-day SMA ($0.70) further confirms this trend. Average trading volume over 20 days is 592,978 shares, with an ATR of 0.09, reflecting low volatility. Fundamental metrics such as a negative P/E ratio (0.00) and a return on equity of -94.86% highlight profitability challenges, while a P/S ratio of 3.43 suggests premium pricing relative to sales.

3-Month Forecast: - Technical Outlook: WKSP is likely to remain under pressure, with potential resistance at $0.76 (SMA 20) and $0.85 (SMA 50). Support levels may form near $0.55, but downside risks persist due to the stock trading below key moving averages. Average volume (592,978) and low ATR (0.09) suggest limited near-term volatility but could lead to consolidation. - Fundamental Outlook: The company faces challenges with its negative return on equity (-94.86%) and lack of profitability (P/E: 0.00), which may weigh on investor sentiment. However, its expansion into renewable energy products could provide upside if demand for solar-integrated solutions grows. The P/S ratio of 3.43 indicates a premium valuation relative to sales, which may limit upside unless revenue growth accelerates.