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WKSP Stock Chart & Stats
$0.49
-$0.01(-1.65%)
At close: 4:00 PM EDT
$0.49
-$0.01(-1.65%)
Day’s Range― - ―
52-Week Range$0.30 - $3.44
Previous Close$0.68
Volume204.34K
Average Volume (3M)322.09K
Market Cap
$6.68M
Enterprise Value$17.24M
Total Cash (Recent Filing)$1.16M
Total Debt (Recent Filing)$5.47M
Price to Earnings (P/E)―
Beta2.13
Next Earnings
Nov 18, 2026EPS Estimate
-0.18Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.33
Shares Outstanding19,993,671
10 Day Avg. Volume171,688
30 Day Avg. Volume322,087
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.57
Price to Sales (P/S)0.81
P/FCF Ratio-0.72
Enterprise Value/Market Cap2.58
Enterprise Value/Revenue0.94
Enterprise Value/Gross Profit3.13
Enterprise Value/Ebitda-0.93
Forecast
1Y Price Target
$2.00Price Target Upside308.16% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.12
Revenue Forecast (FY)$35.50M
Bulls Say, Bears Say
Bulls Say
Sustained Sales And Margin GrowthContinued monthly sales growth alongside consistently above-30% gross margins indicates improving scale and product economics. If sustained, this combination can strengthen gross-profit generation, improve operating leverage, and support progress toward cash-flow breakeven over the next several quarters.
Successful NEXUS CommercializationNEXUS provides evidence that Worksport can convert new product development into meaningful commercial demand. Its moderately stronger margin profile than AL4 could broaden the product portfolio, improve mix, and create an additional durable contributor to revenue and gross profit.
Balanced B2B And B2C ChannelsServing both business and consumer channels gives Worksport multiple routes to market and reduces reliance on one customer-acquisition approach. B2B distribution can lower marketing costs, while e-commerce and B2C broaden reach, supporting scalable sales growth and channel flexibility.
Bears Say
Severe Liquidity And Financing RiskVery limited cash relative to ongoing operating needs leaves Worksport dependent on rapid inventory conversion, improved cash generation, or additional financing. This weak liquidity position can constrain execution, increase financing dependence, and make the path to sustainable operations more vulnerable.
Persistent Operating LossesRevenue and gross margins are improving, but operating costs remain far above the current revenue base. Persistent large losses show that commercial traction has not yet translated into a self-supporting model, leaving profitability dependent on substantial further scale and cost discipline.
Large Inventory And Conversion ExposureThe large inventory balance ties up scarce working capital and requires successful sell-through to convert products into cash. If conversion is slower than planned, liquidity pressure can persist, while excess or outdated stock could reduce flexibility and increase the funding required to support growth.
Worksport News
WKSP FAQ
What was Worksport’s price range in the past 12 months?
Worksport lowest stock price was $0.30 and its highest was $3.44 in the past 12 months.
What is Worksport’s market cap?
Worksport’s market cap is $6.68M.
When is Worksport’s upcoming earnings report date?
Worksport’s upcoming earnings report date is Nov 18, 2026 which is in 25 days.
How were Worksport’s earnings last quarter?
Worksport released its earnings results on Aug 11, 2026. The company reported -$0.33 earnings per share for the quarter, beating the consensus estimate of -$0.44 by $0.11.
Is Worksport overvalued?
According to Wall Street analysts Worksport’s price is currently Undervalued.
Does Worksport pay dividends?
Worksport does not currently pay dividends.
What is Worksport’s EPS estimate?
Worksport’s EPS estimate is -0.18.
How many shares outstanding does Worksport have?
Worksport has 19,993,671 shares outstanding.
What happened to Worksport’s price movement after its last earnings report?
Worksport reported an EPS of -$0.33 in its last earnings report, beating expectations of -$0.44. Following the earnings report the stock price went down -4.923%.
Which hedge fund is a major shareholder of Worksport?
Currently, no hedge funds are holding shares in WKSP
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Company Description
Worksport
Worksport Ltd., headquartered in Vaughan, Canada, is engaged in the design, manufacturing, and distribution of truck bed covers, commonly known as tonneau covers, across both Canada and the United States. Its product portfolio encompasses a range of soft covers (SC) and durable tough covers (TC). Specific models include the SC3, a tri-fold cover engineered with a rubber gasket to create a secure seal, shielding cargo from moisture and debris. The SC3pro variant allows users to effortlessly open the cover using a release cable. For heavy-duty applications, the TC3 features a robust, thick aluminum tri-cover panel with a honeycomb core, coated in a resilient, scratch-resistant black powder finish. Furthermore, the company is actively developing TerraVis, an innovative solar-powered tonneau cover that will offer portable, rechargeable power capabilities to pickup truck owners. Worksport distributes its products through an established network of wholesalers and direct online retail channels, catering to both private label brands and original equipment manufacturers. The company maintains a collaboration agreement with Greatcell Energy Pty Ltd. Worksport Ltd. formally adopted its current name in May 2020, having previously operated as Franchise Holdings International, Inc.
WKSP Company Deck
WKSP Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized meaningful operational improvements: record quarterly revenue, rapid month‑over‑month growth, strong gross margin expansion, sizable sequential reductions in cash burn and operating expenses, and a fast‑ramping product launch (NEXUS). At the same time, material risks remain — notably the going‑concern disclosure, low cash balance, a large inventory build, input cost inflation from aluminum and persistent net losses on a year‑to‑date basis. Management presented clear initiatives to convert inventory, expand distribution, sustain margin gains and pursue certification/commercialization milestones for energy products, and reported tangible sequential progress. Overall, positive operational momentum and product execution are evident, but short‑term liquidity and cost pressures require continued execution to translate into sustained cash‑flow breakeven.View all WKSP earnings summariesWKSP Stock 12 Month Forecast
Average Price Target
$2.00
▲(308.16% Upside)
Technical Analysis
Ownership Overview
16.04% Insiders
1.05% Mutual Funds
0.53% Other Institutional Investors
81.86% Public Companies and
Individual Investors