How to Buy Worksport Stock
Worksport Ltd
Worksport Ltd. , through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States.
Worksport stock last closed at $2.97, down 6.31% from the previous day, and has decreased 52.19% in one year. It has underperformed other stocks in the Auto Parts industry by 0.47 percentage points. Worksport stock is currently +21.72% from its 52-week low of $2.44, and -75.25% from its 52-week high of $12.00.
At the moment, there are 5.2M shares of WKSP outstanding. The market cap of WKSP is $15.44M. In the past 24 hours, 62,000 WKSP shares were traded.
How to Buy Worksport Stock
Wondering how to invest in Worksport stock? Here's how.
- Choose where to buy Worksport stock: You need to choose a stock brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Worksport stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Pick your payment method and add your details.
- Analyze Worksport stock: The Worksport ticker symbol is WKSP. Is Worksport stock a good investment? Should you buy shares of WKSP? How do WKSP's underlying business fundamentals look? Do top analysts think Worksport is a good buy? Why has WKSP's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if WKSP is a good stock to buy).
- Execute your WKSP purchase: Decide if you will purchase WKSP shares at the current market price or use a limit order to purchase WKSP shares at a specific price.
- Monitor your WKSP position: Create a watchlist to track your investment in Worksport stock.
Step 1: Choose where to buy Worksport stock
You will need an online brokerage account to access the NASDAQ market and buy WKSP shares.
Our recommended brokerage: eToro
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Get $10 towards your purchase of shares by opening an account with eToro now. This offer is only for US users.
Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal information so you are able to buy WKSP today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open a new brokerage account.
- Send your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have opened your account on one of the best stock apps, your next step is to transfer the money for your investment:
Check out the video below to see the process of depositing money into your investment account.
Step 4: Analyze Worksport stock
Once you have identified the best place to buy Worksport stock, it's important to research their stock prior to investing, so you can understand the risk and opportunity.
Worksport stock data
WKSP Due Diligence Score
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on WKSP's stock page.
Is WKSP stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge WKSP's intrinsic value.
Using relative valuations methods:
- WKSP could be undervalued based on its P/B ratio of 0.77x, relative to Auto Parts industry P/B ratio of 1.56x
You can do more valuation analysis on WKSP's stock here.
WKSP Financial Overview
Passed Health Checks:
- WKSP has a low debt to equity ratio of 0.33.
- There are more short-term assets than short-term liabilities on the WKSP balance sheet.
- Total WKSP debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the WKSP balance sheet.
Failed Health Checks:
- WKSP has cash burn of 11700837. It does not have sufficient cash and short-term investments to cover this.
- WKSP profit margin has gone up by 5.87 percentage points in the past year, but the company is still unprofitable.
- WKSP has $5.08M in cash and short term investments. This is not sufficient to cover its annual cash burn of $11.70M.
Do analysts think it's a good time to buy Worksport stock
Out of 3 sell side analysts who research WKSP, the consensus analyst rating on WKSP is a Strong Buy
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Worksport stock forecast page.
WKSP Technicals
WKSP Growth Metrics
Last year, WKSP revenue was $10.21M. In the last 5 year, WKSP's revenue has grown by 48.9% per year. This was faster than the Auto Parts industry average of 5.65%.
Learn more about WKSP's earnings and revenue performance here.
Latest Insiders Trades at WKSP
Over the last 12 months, insiders at WKSP have bought more shares than they have sold.
Steven F. Rossi, CEO and President of WKSP, was the latest WKSP insider to buy. They bought $24,999.75 worth of WKSP shares on Nov 19, 2024.
Learn more about who owns WKSP stock here.
Does WKSP provide a stable income stream?
No, Worksport doesn't provide an income stream by paying out dividends.
What do other traders have to say about WKSP?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your WKSP purchase
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at an exact dollar amount limit, place a limit order.
Click the Open button and your broker will execute your order.
If you want more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Monitor your WKSP position
Now that you own some WKSP shares, you'll want to keep up with your investment.
Add WKSP to a watchlist to see the latest developments about your WKSP stock.
WKSP Feed
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How to Buy Stock in Worksport
To reiterate, here are the 6 steps for buying Worksport stock:
- Choose where to buy Worksport stock
- Open your brokerage account
- Deposit money your brokerage account
- Analyze Worksport stock
- Execute your WKSP purchase
- Monitor your WKSP position
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Worksport, add WKSP to your watchlist below.
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