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WKSP Stock Chart & Stats
$1.07
-$0.07(-7.44%)
At close: 4:00 PM EST
$1.07
-$0.07(-7.44%)
Day’s Range― - ―
52-Week Range$0.57 - $4.30
Previous CloseN/A
Volume1.25M
Average Volume (3M)11.34M
Market Cap
$9.50M
Enterprise Value$6.02M
Total Cash (Recent Filing)$566.58K
Total Debt (Recent Filing)$3.66M
Price to Earnings (P/E)―
Beta1.74
Next Earnings
Aug 19, 2026EPS Estimate
-0.44Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-2.71
Shares Outstanding15,282,595
10 Day Avg. Volume433,089
30 Day Avg. Volume11,340,869
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 Cap0.63
Enterprise Value/Revenue0.35
Enterprise Value/Gross Profit1.22
Enterprise Value/Ebitda-0.33
Forecast
1Y Price Target
$2.00Price Target Upside86.92% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)-1.14
Revenue Forecast (FY)$34.77M
Bulls Say, Bears Say
Bulls Say
Revenue Scaling And Product TractionSustained multi-year top-line expansion and meaningful unit sales of tonneau covers indicate durable product-market fit. Growing revenue provides a clearer path to operational leverage, supports channel economics, and increases the odds of reaching cash-flow breakeven if execution and conversion stay on track.
Improving And Sustainable Gross MarginsA sustained margin run-rate above ~35% materially improves unit economics and reduces dependence on external funding. Higher gross margins enhance free-cash-flow potential as scale grows, making operational cash-flow positivity more achievable even with elevated SG&A, and strengthen long-term business resilience.
Distribution, Manufacturing Capacity And IPExpanding distributor relationships plus owned manufacturing capacity and a large patent portfolio create durable competitive advantages. These assets support scale, improve margins via production control, and enable OEM or licensing opportunities that can diversify revenue beyond direct accessory sales over the medium term.
Bears Say
Severe Cash Burn And Low LiquidityPersistently large negative operating cash flows and a depleted cash balance threaten continuity absent new funding or rapid conversion of inventory to sales. Liquidity pressure forces trade-offs between growth investments and survival, increasing dilution risk and limiting strategic optionality over the coming months.
Ongoing Net Losses And Negative Returns On EquityDeep, persistent losses and severely negative ROE reflect that current scale does not cover operating costs. This structural unprofitability undermines self-funded growth, pressures capital markets access, and elevates the likelihood of dilution or cost-cutting until the company sustains positive operating cash flow.
Execution Risk From Large Inventory & Funding RelianceA material inventory build and dependence on converting dealer orders concentrate execution risk: slow sell-through extends cash burn, elevates markdown or obsolescence risk, and could necessitate additional capital. Reliance on distributor onboarding and external funding creates structural funding and execution vulnerability.
Worksport News
WKSP FAQ
What was Worksport Ltd’s price range in the past 12 months?
Worksport Ltd lowest stock price was $0.57 and its highest was $4.30 in the past 12 months.
What is Worksport Ltd’s market cap?
Worksport Ltd’s market cap is $9.50M.
When is Worksport Ltd’s upcoming earnings report date?
Worksport Ltd’s upcoming earnings report date is Aug 19, 2026 which is in 26 days.
How were Worksport Ltd’s earnings last quarter?
Worksport Ltd released its earnings results on May 13, 2026. The company reported -$0.54 earnings per share for the quarter, missing the consensus estimate of -$0.52 by -$0.02.
Is Worksport Ltd overvalued?
According to Wall Street analysts Worksport Ltd’s price is currently Undervalued.
Does Worksport Ltd pay dividends?
Worksport Ltd does not currently pay dividends.
What is Worksport Ltd’s EPS estimate?
Worksport Ltd’s EPS estimate is -0.44.
How many shares outstanding does Worksport Ltd have?
Worksport Ltd has 15,282,595 shares outstanding.
What happened to Worksport Ltd’s price movement after its last earnings report?
Worksport Ltd reported an EPS of -$0.54 in its last earnings report, missing expectations of -$0.52. Following the earnings report the stock price went down -8.277%.
Which hedge fund is a major shareholder of Worksport Ltd?
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 Ltd
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 Stock 12 Month Forecast
Average Price Target
$2.00
▲(86.92% Upside)
Technical Analysis
Ownership Overview
20.05% Insiders
1.37% Mutual Funds
0.07% Other Institutional Investors
77.82% Public Companies and
Individual Investors