Fintel reports that on January 22, 2025, HC Wainwright & Co. initiated coverage of Worksport (NasdaqCM:WKSP) with a Buy recommendation.
Analyst Price Forecast Suggests 59.38% Upside
As of December 23, 2024, the average one-year price target for Worksport is $1.53/share. The forecasts range from a low of $1.52 to a high of $1.58. The average price target represents an increase of 59.38% from its latest reported closing price of $0.96 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Worksport is 1,710MM, an increase of 26,635.84%. The projected annual non-GAAP EPS is -0.42.
What is the Fund Sentiment?
There are 29 funds or institutions reporting positions in Worksport. This is an increase of 1 owner(s) or 3.57% in the last quarter. Average portfolio weight of all funds dedicated to WKSP is 0.00%, an increase of 4.77%. Total shares owned by institutions increased in the last three months by 27.20% to 3,753K shares. 
The put/call ratio of WKSP is 0.40, indicating a bullish outlook.
What are Other Shareholders Doing?
Armistice Capital holds 2,993K shares representing 9.09% ownership of the company. In its prior filing, the firm reported owning 2,207K shares , representing an increase of 26.27%. The firm decreased its portfolio allocation in WKSP by 5.48% over the last quarter.
Geode Capital Management holds 237K shares representing 0.72% ownership of the company. In its prior filing, the firm reported owning 196K shares , representing an increase of 17.14%. The firm decreased its portfolio allocation in WKSP by 68.02% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 146K shares representing 0.44% ownership of the company. No change in the last quarter.
FSMAX - Fidelity Extended Market Index Fund holds 118K shares representing 0.36% ownership of the company. In its prior filing, the firm reported owning 65K shares , representing an increase of 45.01%. The firm increased its portfolio allocation in WKSP by 63.30% over the last quarter.
Hrt Financial holds 46K shares representing 0.14% ownership of the company. In its prior filing, the firm reported owning 12K shares , representing an increase of 73.10%. The firm increased its portfolio allocation in WKSP by 86.96% over the last quarter.
Worksport Background Information
(This description is provided by the company.)
Worksport Ltd. designs and distributes pickup truck covers called tonneau covers throughout the United States and Canada. The firm assists businesses by acquiring investment capital for continued growth and expansion while providing business development and marketing strategies, and offers its services in the United States and Canada. The company was founded on April 2, 2003 and is headquartered in Vaughan, Canada.
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