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Upturn stock ratingUpturn stock rating
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Worksport Ltd (WKSP)

Upturn stock ratingUpturn stock rating
$3.26
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Time period over
  • ALL
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Upturn Advisory Summary

08/14/2025: WKSP (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

3 Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $10.33

1 Year Target Price $10.33

Analysts Price Target For last 52 week
$10.33 Target price
52w Low $2.44
Current$3.26
52w High $12

Analysis of Past Performance

Type Stock
Historic Profit -64%
Avg. Invested days 25
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 16.95M USD
Price to earnings Ratio -
1Y Target Price 10.33
Price to earnings Ratio -
1Y Target Price 10.33
Volume (30-day avg) 3
Beta 1.99
52 Weeks Range 2.44 - 12.00
Updated Date 08/15/2025
52 Weeks Range 2.44 - 12.00
Updated Date 08/15/2025
Dividends yield (FY) -
Basic EPS (TTM) -7.22

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -165.59%
Operating Margin (TTM) -190.09%

Management Effectiveness

Return on Assets (TTM) -37.28%
Return on Equity (TTM) -86.66%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 18649524
Price to Sales(TTM) 1.66
Enterprise Value 18649524
Price to Sales(TTM) 1.66
Enterprise Value to Revenue 1.5
Enterprise Value to EBITDA -1.58
Shares Outstanding 5200130
Shares Floating 4512517
Shares Outstanding 5200130
Shares Floating 4512517
Percent Insiders 6.29
Percent Institutions 10.17

ai summary icon Upturn AI SWOT

Worksport Ltd

stock logo

Company Overview

overview logo History and Background

Worksport Ltd. was founded in 2011. Initially focused on truck bed covers, it has evolved into a developer of solar-integrated Advanced Driver Assistance Systems (ADAS) and energy storage solutions.

business area logo Core Business Areas

  • Truck Bed Covers: Designs and manufactures tonneau covers for pickup trucks.
  • Solar-Integrated ADAS: Developing solar-powered Advanced Driver Assistance Systems. Includes 'Niovan' which is an advanced solar and hydrogen power system.
  • Energy Storage Solutions: Focuses on portable power solutions and renewable energy systems.

leadership logo Leadership and Structure

Worksport Ltd's leadership includes Steven Rossi (CEO). The organizational structure is typical of a small publicly traded company, with departments for engineering, manufacturing, sales, and marketing.

Top Products and Market Share

overview logo Key Offerings

  • Tonneau Covers: Designs and manufactures a range of tonneau covers, including hard folding, soft folding, and retractable models. Market share is small relative to industry giants like Leer and Extang. Revenue from this segment is the primary source of income, though specific numbers are not publicly released in detail. Competitors include: Leer, Extang, Bak Industries.
  • Niovan: Developing a solar and hydrogen power system. Market share is non-existent at this stage, since the product is still in development. Competitors include: Microvast, Ballard Power Systems, Plug Power.

Market Dynamics

industry overview logo Industry Overview

The truck accessories market is substantial and growing, driven by strong truck sales. The renewable energy market, particularly solar power systems is also undergoing explosive growth.

Positioning

Worksport Ltd aims to position itself as an innovator in sustainable and integrated solutions for the truck and renewable energy markets. They have a competitive advantage in niche markets by focusing on integrated systems.

Total Addressable Market (TAM)

The total addressable market for truck bed covers is estimated to be in the billions of dollars, and the renewable energy market is many billions higher. Worksport is targeting a share of both markets with unique solutions.

Upturn SWOT Analysis

Strengths

  • Innovative solar integration technology
  • Proprietary designs for tonneau covers
  • Focus on sustainable energy solutions

Weaknesses

  • Limited brand recognition
  • Small market share relative to competitors
  • Limited cash reserves

Opportunities

  • Growing demand for renewable energy
  • Increasing adoption of truck accessories
  • Potential partnerships with automotive manufacturers

Threats

  • Competition from established players
  • Fluctuations in raw material costs
  • Changes in government regulations related to solar energy

Competitors and Market Share

competitor logo Key Competitors

  • LCI
  • ALRM
  • THO

Competitive Landscape

Worksport Ltd faces intense competition from larger, more established companies with greater financial resources. Their innovative approach may provide a competitive advantage in the long run.

Growth Trajectory and Initiatives

Historical Growth: Historical growth has been incremental, with revenue increasing from sales of tonneau covers. Growth has not met expectations.

Future Projections: Future growth projections are heavily dependent on the successful commercialization of its solar integration technology. Analyst estimates are not widely available.

Recent Initiatives: Recent initiatives include the development and marketing of the Niovan solar and hydrogen power system, and strategic partnerships to expand market reach.

Summary

Worksport Ltd. is an early-stage company with innovative concepts in truck accessories and renewable energy. Its financial performance is currently weak, with modest revenue and net losses. The company is dependent on successful commercialization of its solar products. Worksport needs to scale its operations and improve its financials to achieve long term growth, particularly in order to compete with the industry giants that dominate the sectors in which it operates.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Website
  • SEC Filings
  • Yahoo Finance
  • Third Party Financial Data Providers

Disclaimers:

The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be made based on independent research and consultation with a qualified financial advisor. Market share estimates are based on available information and may not be precise.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Worksport Ltd

Exchange NASDAQ
Headquaters West Seneca, NY, United States
IPO Launch date 2003-07-15
Founder, Chairman, President, CEO & Secretary Mr. Steven F. Rossi
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 80
Full time employees 80

Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in Canada and the United States. The company offers soft tonneau covers, such as vinyl wrapped tri- and quad-fold tonneau covers; and hard tonneau covers, including tri- and quad-fold aluminum covers. It also offers energy products, such as Worksport SOLIS, a tonneau cover with integrated solar panels; and Worksport COR energy storage system, a modular, portable power station. It serves its products to automotive accessories, consumer electronics, and residential and commercial HVAC system markets. The company is based in West Seneca, New York.