Worksport (WKSP)

• Market cap: $19.8M
• 1 day: -2.31%
• 5 days: 12.76%
• 1 month: 14.80%
• 3 months: 19.87%
• 6 months: -54.22%
• Year to date: -60.54%
• 1 year: -51.90%
• 5 years: -91.20%
• 10 years: -91.20%
• Sector: Consumer Discretionary
• Industry: Auto Parts

About: Worksport Ltd through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. The company's product includes soft vinyl tonneau covers and hard aluminum tonneau covers. It operates in two reporting segments for financial reporting purposes: Hard Tonneau Covers and Soft Tonneau Covers. Geographically, the company operates in Canada, United States and Other Countries.

Employees: 81

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

3.0% more ownership

Funds ownership: 7.27% [Q4 2024] → 10.28% (+3.0%) [Q1 2025]

30% less capital invested

Capital invested by funds: $2.2M [Q4 2024] → $1.55M (-$650K) [Q1 2025]

39% less call options, than puts

Call options by funds: $149K | Put options by funds: $243K

47% less funds holding

Funds holding: 32 [Q4 2024] → 17 (-15) [Q1 2025]

88% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 17

93% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 14

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $7 84% upside
• Avg. target: $9.25 143% upside
• High target: $11.50 203% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Maxim Group Tate Sullivan	84% upside $7	Buy Maintained	20 May 2025
HC Wainwright & Co. Scott Buck	203% upside $11.50	Buy Reiterated	16 May 2025