HC Wainwright Reduces Earnings Estimates for Worksport

Worksport Ltd. (NASDAQ:WKSP) – Equities research analysts at HC Wainwright reduced their FY2025 earnings per share estimates for Worksport in a report issued on Thursday, February 19th. HC Wainwright analyst S. Buck now expects that the company will post earnings per share of ($2.96) for the year, down from their previous estimate of ($2.84). The consensus estimate for Worksport’s current full-year earnings is ($0.60) per share. HC Wainwright also issued estimates for Worksport’s Q4 2025 earnings at ($0.55) EPS and FY2026 earnings at ($1.30) EPS.

A number of other research analysts have also weighed in on WKSP. Maxim Group set a $3.00 price target on shares of Worksport in a research note on Friday, February 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Worksport in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.67.

Worksport Stock Performance

Shares of NASDAQ WKSP opened at $1.46 on Monday. The company has a 50 day simple moving average of $2.01 and a two-hundred day simple moving average of $2.69. The stock has a market cap of $14.32 million, a price-to-earnings ratio of -0.58 and a beta of 0.35. The company has a current ratio of 2.04, a quick ratio of 0.91 and a debt-to-equity ratio of 0.05. Worksport has a 12 month low of $1.00 and a 12 month high of $7.87.

Hedge Funds Weigh In On Worksport

A number of institutional investors have recently modified their holdings of WKSP. Armistice Capital LLC acquired a new position in Worksport during the fourth quarter worth about $2,058,000. Steward Partners Investment Advisory LLC increased its stake in shares of Worksport by 255.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,000 shares of the company’s stock worth $151,000 after purchasing an additional 51,000 shares in the last quarter. LPL Financial LLC raised its position in shares of Worksport by 225.2% during the 4th quarter. LPL Financial LLC now owns 54,067 shares of the company’s stock worth $115,000 after purchasing an additional 37,440 shares during the last quarter. Centiva Capital LP purchased a new stake in Worksport in the 3rd quarter valued at approximately $63,000. Finally, XTX Topco Ltd purchased a new stake in Worksport in the 4th quarter valued at approximately $38,000. 16.11% of the stock is owned by institutional investors and hedge funds.

Worksport Company Profile

Worksport Ltd. is an Israeli-based designer, developer and global supplier of innovative automotive accessories, with a primary focus on pickup truck bed covers. The company’s core offerings include a range of hard and soft tonneau covers under brands such as ROLL, FLEXIT and SOLAR, engineered to provide truck owners with enhanced utility, security and weather protection. Worksport leverages advanced polymer materials and patented folding mechanisms to deliver lightweight, durable solutions that are easy to install and operate.

In recent years, Worksport has expanded its product portfolio to incorporate solar technology, introducing integrated solar tonneau covers capable of generating power for auxiliary truck systems or charging batteries for recreational and off-grid applications.