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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$0.47 - $3.90
Previous Close$0.68
Volume204.34K
Average Volume (3M)6.99M
Market Cap
$8.57M
Enterprise Value$17.24
Total Cash (Recent Filing)$1.16M
Total Debt (Recent Filing)$5.47M
Price to Earnings (P/E)―
Beta1.93
Next Earnings
Nov 18, 2026EPS Estimate
-0.18Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.33
Shares Outstanding15,298,333
10 Day Avg. Volume20,376,403
30 Day Avg. Volume6,990,738
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
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
Revenue And Margin ExpansionRapid revenue growth combined with materially higher gross margins indicates improving commercial traction and unit economics. If sustained, the stronger contribution per sale can help absorb fixed costs, support reinvestment, and move the core tonneau-cover business toward operating leverage.
Broader Distribution And Channel ReachExpansion across distributors, retailers, installers, and direct e-commerce gives Worksport multiple routes to customers and reduces reliance on one sales channel. A broader B2B footprint can support recurring dealer reorders, while B2C provides direct demand and potentially better blended margins.
NEXUS Product CommercializationThe rapid NEXUS sales ramp provides evidence that Worksport can convert product development into commercial demand. A product with a moderately stronger margin profile than AL4 could improve the mix, increase customer engagement, and add a scalable growth engine over the coming quarters.
Bears Say
Persistent Cash ConsumptionDeeply negative operating and free cash flow means the business is not yet self-funding its operations and investment needs. Continued cash consumption increases dependence on external capital, limits financial flexibility, and makes execution on inventory conversion and cost control critical to reaching breakeven.
Profitability Remains Deeply NegativeHigher sales and gross margins have not yet translated into sustainable profitability because the cost base remains substantially above the current revenue scale. Persistent operating losses can erode equity, require further financing, and delay the company’s ability to fund growth from internally generated earnings.
Liquidity Tied Up In InventoryThe large inventory position represents cash committed ahead of confirmed sell-through and must be converted into sales without excessive discounting or delays. Slower conversion would prolong working-capital pressure, increase financing needs, and make management’s operating-cash-flow breakeven target harder to achieve.
Worksport News
WKSP FAQ
What was Worksport’s price range in the past 12 months?
Worksport lowest stock price was $0.47 and its highest was $3.90 in the past 12 months.
What is Worksport’s market cap?
Worksport’s market cap is $8.57M.
When is Worksport’s upcoming earnings report date?
Worksport’s upcoming earnings report date is Nov 18, 2026 which is in 71 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 15,298,333 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
20.97% Insiders
1.37% Mutual Funds
0.69% Other Institutional Investors
76.29% Public Companies and
Individual Investors