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WKSP Stock Forecast: Worksport Ltd. Price Predictions for 2025

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$3.73

-0.04 (-1.06%)

WKSP Stock Forecast 2025-2026

$3.73
Current Price
$18.08M
Market Cap
3 Ratings
Buy 3
Hold 0
Sell 0
Wall St Analyst Ratings

Distance to WKSP Price Targets

+302.1%
To High Target of $15.00
+235.1%
To Median Target of $12.50
+141.3%
To Low Target of $9.00

WKSP Price Momentum

+1.6%
1 Week Change
-46.0%
1 Month Change
-37.6%
1 Year Change
-59.5%
Year-to-Date Change
-68.9%
From 52W High of $12.00
+18.4%
From 52W Low of $3.15
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Latest WKSP Stock Price Targets & Analyst Predictions

Based on our analysis of 4 Wall Street analysts, WKSP has a bullish consensus with a median price target of $12.50 (ranging from $9.00 to $15.00). The overall analyst rating is Strong Buy (8.7/10). Currently trading at $3.73, the median forecast implies a 235.1% upside. This outlook is supported by 3 Buy, 0 Hold, and 0 Sell ratings.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

WKSP Analyst Ratings

3
Buy
0
Hold
0
Sell

WKSP Price Target Range

Low
$9.00
Average
$12.50
High
$15.00
Current: $3.73

Latest WKSP Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for WKSP.

Date Firm Analyst Rating Change Price Target
Jan 23, 2025 HC Wainwright & Co. Scott Buck Buy Initiates $1.50
Jan 22, 2025 HC Wainwright & Co. Buy Initiates $0.00
Dec 23, 2024 Alliance Global Partners Aaron Grey Buy Initiates $2.00
Jan 20, 2023 Maxim Group Tate Sullivan Buy Maintains $3.00
Nov 29, 2021 Maxim Group Tate Sullivan Buy Initiates $8.00

Worksport Ltd. (WKSP) Competitors

The following stocks are similar to Worksport based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Worksport Ltd. (WKSP) Financial Data

Worksport Ltd. has a market capitalization of $18.08M with a P/E ratio of -4.5x. The company generates $6.40M in trailing twelve-month revenue with a -242.7% profit margin.

Revenue growth is +581.0% quarter-over-quarter, while maintaining an operating margin of -125.3% and return on equity of -94.7%.

Valuation Metrics

Market Cap $18.08M
Enterprise Value $16.55M
P/E Ratio -4.5x
PEG Ratio -11.4x
Price/Sales 2.8x

Growth & Margins

Revenue Growth (YoY) +581.0%
Gross Margin +7.9%
Operating Margin -125.3%
Net Margin -242.7%
EPS Growth +581.0%

Financial Health

Cash/Price Ratio +15.3%
Current Ratio 3.0x
Debt/Equity 36.7x
ROE -94.7%
ROA -37.8%
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Worksport Ltd. logo

Worksport Ltd. (WKSP) Business Model

About Worksport Ltd.

What They Do

Designs and sells innovative truck tonneau covers.

Business Model

Worksport Ltd. generates revenue through the design, development, manufacturing, and sale of custom-fit tonneau covers for trucks. By focusing on enhancing the utility and security of pickup trucks, the company targets both individual consumers and commercial clients within the automotive after-market sector.

Additional Information

The company is headquartered in Ontario, Canada, and has recently entered the sustainable energy market with solar-integrated tonneau covers, aligning itself with green technology trends. Worksport emphasizes innovation in its product offerings to meet evolving market demands.

Company Information

Sector

Consumer Cyclical

Industry

Auto Parts

Employees

70

CEO

Mr. Steven F. Rossi

Country

United States

IPO Year

2020

Worksport Ltd. (WKSP) Latest News & Analysis

WKSP stock latest news image
Quick Summary

Worksport Ltd. (NASDAQ: WKSP) will release its Q4 and full-year financial results for 2024 on March 27, 2025, before the market opens.

Why It Matters

The upcoming financial results release from Worksport Ltd. may impact investor sentiment and stock price volatility, reflecting the company's performance and growth prospects in the clean energy sector.

Source: Newsfile Corp
Market Sentiment: Neutral
WKSP stock latest news image
Quick Summary

Worksport Ltd. (NASDAQ: WKSP), a manufacturer of hybrid and clean energy solutions, has provided business updates and highlighted key catalysts for 2025.

Why It Matters

Worksport's proactive business commentary and projected catalysts for 2025 highlight potential growth and innovation in the clean energy sector, impacting market sentiment and investment decisions.

Source: Newsfile Corp
Market Sentiment: Neutral
WKSP stock latest news image
Quick Summary

Worksport Ltd. (NASDAQ: WKSP) will implement a 1-for-10 reverse stock split, as announced by the CEO on March 14, 2025. The company focuses on hybrid and clean energy solutions.

Why It Matters

A 1-for-10 reverse stock split typically signals a companyโ€™s effort to boost its stock price and meet listing requirements, influencing liquidity and investor perception of its stability.

Source: GlobeNewsWire
Market Sentiment: Neutral
WKSP stock latest news image
Quick Summary

Worksport Ltd. reported a strong reception for its subsidiary Terravis Energy's AetherLux product reveal, along with additional testing data, signaling positive developments in their clean energy initiatives.

Why It Matters

Strong reception of Terravis Energy's product could signal growth potential for Worksport, attracting investor interest and potentially increasing share value.

Source: GlobeNewsWire
Market Sentiment: Neutral
WKSP stock latest news image
Quick Summary

The company is expanding by adding 24 new dealer locations in early 2025 and has launched its flagship AL4 cover on Worksport.com.

Why It Matters

Expansion of dealer locations signals growth potential and increased market presence, while the launch of the AL4 cover may drive sales and enhance brand visibility, affecting future revenue.

Source: GlobeNewsWire
Market Sentiment: Neutral
WKSP stock latest news image
Quick Summary

KULR Technology Group and Worksport Ltd. have formed a strategic partnership to enhance battery technology and boost domestic manufacturing capabilities.

Why It Matters

The partnership between KULR and Worksport could enhance battery technology and manufacturing capabilities, potentially leading to increased market competitiveness and growth opportunities for both companies.

Source: GlobeNewsWire
Market Sentiment: Neutral

Frequently Asked Questions About WKSP Stock

What is Worksport Ltd.'s (WKSP) stock forecast for 2025?

Based on our analysis of 4 Wall Street analysts, Worksport Ltd. (WKSP) has a median price target of $12.50. The highest price target is $15.00 and the lowest is $9.00.

Is WKSP stock a good investment in 2025?

According to current analyst ratings, WKSP has 3 Buy ratings, 0 Hold ratings, and 0 Sell ratings. The stock is currently trading at $3.73. Always conduct your own research and consider your investment goals before making investment decisions.

What is the long-term price prediction for WKSP stock?

Wall Street analysts predict WKSP stock could reach $12.50 in the next 12 months. This represents a 235.1% increase from the current price of $3.73. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Worksport Ltd.'s business model?

Worksport Ltd. generates revenue through the design, development, manufacturing, and sale of custom-fit tonneau covers for trucks. By focusing on enhancing the utility and security of pickup trucks, the company targets both individual consumers and commercial clients within the automotive after-market sector.

What is the highest forecasted price for WKSP Worksport Ltd.?

The highest price target for WKSP is $15.00 from at , which represents a 302.1% increase from the current price of $3.73.

What is the lowest forecasted price for WKSP Worksport Ltd.?

The lowest price target for WKSP is $9.00 from at , which represents a 141.3% increase from the current price of $3.73.

What is the overall WKSP consensus from analysts for Worksport Ltd.?

The overall analyst consensus for WKSP is bullish. Out of 4 Wall Street analysts, 3 rate it as Buy, 0 as Hold, and 0 as Sell, with a median price target of $12.50.

How accurate are WKSP stock price projections?

Stock price projections, including those for Worksport Ltd., are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.

Important Disclaimer

The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Last updated: March 26, 2025 4:27 PM UTC