HC Wainwright Predicts Worksport FY2024 Earnings

Worksport Ltd. (NASDAQ:WKSP) – Equities researchers at HC Wainwright issued their FY2024 earnings per share estimates for Worksport in a report issued on Thursday, January 23rd. HC Wainwright analyst S. Buck anticipates that the company will post earnings of ($0.60) per share for the year. HC Wainwright currently has a “Buy” rating and a $1.50 target price 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 assumed coverage on Worksport in a report on Monday, December 23rd. They issued a “buy” rating and a $2.00 price target for the company.

Worksport Trading Up 11.9 %

NASDAQ WKSP opened at $0.99 on Monday. The stock has a market capitalization of $32.61 million, a P/E ratio of -1.50 and a beta of 0.47. The firm has a 50-day moving average price of $0.82 and a 200 day moving average price of $0.69. Worksport has a 52-week low of $0.36 and a 52-week high of $1.54. 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.