Worksport (WKSP)

• Market cap: $13.7M
• 1 day: 5.65%
• 5 days: 11.58%
• 1 month: -0.31%
• 3 months: -67.85%
• 6 months: -56.73%
• Year to date: -66.98%
• 1 year: -61.92%
• 5 years: -92.64%
• 10 years: -92.64%
• 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

500% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 2

400% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 2

142% more call options, than puts

Call options by funds: $116K | Put options by funds: $48K

45% more funds holding

Funds holding: 22 [Q3] → 32 (+10) [Q4]

44% more capital invested

Capital invested by funds: $1.52M [Q3] → $2.2M (+$676K) [Q4]

4.79% less ownership

Funds ownership: 12.05% [Q3] → 7.26% (-4.79%) [Q4]

Research analyst outlook

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

• Low target: $11.50 262% upside
• Avg. target: $11.50 262% upside
• High target: $11.50 262% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

HC Wainwright & Co. Scott Buck 34% 1-year accuracy 40 / 119 met price target

262% upside $11.50

Buy Reiterated

23 Apr 2025