Worksport (WKSP) Expected to Announce Earnings on Thursday

Worksport (NASDAQ:WKSP) is anticipated to issue its quarterly earnings data before the market opens on Thursday, March 27th. Analysts expect the company to announce earnings of ($0.14) per share and revenue of $2.92 million for the quarter.

Worksport Price Performance

Shares of Worksport stock opened at $3.77 on Wednesday. The company has a current ratio of 2.96, a quick ratio of 0.91 and a debt-to-equity ratio of 0.31. Worksport has a 1 year low of $3.15 and a 1 year high of $12.00. The stock has a 50-day moving average price of $7.32 and a 200 day moving average price of $7.03. The company has a market cap of $12.42 million, a P/E ratio of -5.71 and a beta of 2.11.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Industrial Alliance Securities set a $17.50 price target on shares of Worksport in a research note on Monday, March 3rd. Alliance Global Partners reiterated a “buy” rating on shares of Worksport in a report on Tuesday, March 18th. Finally, HC Wainwright initiated coverage on Worksport in a report on Thursday, January 23rd. They set a “buy” rating and a $15.00 target price on the stock.

About Worksport

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.