Worksport Ltd. (WKSP) Stock Forecast & Price Prediction 2025, 2030, 2040, and 2050
Stay updated on Worksport Ltd. (WKSP) stock with short-term forecast for year 2025 and long-term price prediction for 2025 - 2050. Access historical performance, see analyst ratings, and follow the latest Worksport Ltd. news and developments.
1 Month Prediction
$1.00 [20.12%]
3 Month Prediction
$1.00 [20.12%]
6 Month Prediction
$1.00 [20.12%]
1 Year Prediction
$1.00 [20.12%]
3 Year Prediction
$1.00 [20.12%]
5 Year Prediction
$1.00 [20.12%]
About Worksport Ltd.
Worksport Ltd., founded in 2011, designs and manufactures truck bed covers, known as tonneau covers, for pickup trucks in the United States and Canada. The company offers both soft vinyl-wrapped tri- and quad-fold covers and hard aluminum tri- and quad-fold covers. Also, Worksport has developed the SOLIS, a tonneau cover with integrated solar panels, and the COR energy storage system, a modular, portable power station. The company's headquarter is located in West Seneca, New York.
Worksport Ltd. (WKSP) Historical Performance
IPO Date
Worksport Ltd. (NASDAQ:WKSP) went public on 21 June, 2001.
Change
Since inception, WKSP has decreased by 99.72%. In the last 5 years, WKSP has fallen from $1.82 to $0.83, a massive -54.26% decrease since 2020.
Historical Highs and Lows
In the past 5 years, the stock reached a high of $10.40 and a low of $0.43.
52 Week Range
$0.36
$1.5
The current price $0.83 is not near the 52-week extremes, which means that the stock is neither overbought nor underbought.
WKSP Stock Price History
Based on WKSP stock's historical price data, this table shows how the stock has performed in the last 6 years. Since 2019, the WKSP stock has fallen from $1.0 - $6.66 to $0.83 - $0.93, which is down -84.85%. Currently, the stock follows downward trend.
Here, we have calculated stock range of WKSP, indicating the highs and lows for each year, the average price based on the daily closing prices each year, and the change% from the average price.
| Year | Stock Price | Avg Price | Change% | Year Change |
|---|---|---|---|---|
| 2020 | $1.0 - $6.66 | $2.86 | -50.77 | 1 Year Change |
| 2021 | $2.42 - $10.4 | $6.17 | 6.2 | 2 Year Change |
| 2022 | $1.0 - $2.62 | $1.97 | -66.09 | 3 Year Change |
| 2023 | $1.44 - $3.51 | $2.06 | -64.54 | 4 Year Change |
| 2024 | $0.43 - $1.34 | $0.77 | -86.75 | 5 Year Change |
| 2025 | $0.83 - $0.93 | $0.88 | -84.85 | 6 Year Change |
WKSP Price Performance
6-Month Performance
WKSP stock jumped by 94.96% in the last six months.
1-Year Performance
The stock has trended upwards by 44.78% in the past year.
3-Year Performance
In the last 3 years, the stock has plummeted by 68.23%.
5-Year Performance
In the last 5 years, the stock has gone down by 54.26%.
According to Worksport Ltd.'s historical data, below graph gives us the exact picture of how the WKSP stock has performed year-over-year. Here, Each bar on the graph represents a particular year that illustrates how the stock's price changed from one year to the next.
YoY Performance
In the last five years, the stock has shown positive growth in 2 years and a decline in 3 years.
2020
169.09% ↑
2021
18.24% ↓
2022
58.88% ↓
2023
49.75% ↑
2024
38.26% ↓
NOTE: Green bars indicate that the stock has risen compared to the previous year, while red bars show that the stock has fallen.
Worksport Ltd. (WKSP) Financials & Stock Analysis
Total Revenue
Quarterly Revenue: $3.12 M (Q3)
Revenue for Q3 ending 30th September, 2024 increased 62.49% compared to Q2 ending 30th June, 2024.
Annual Revenue: $6.40 M (1Y)
Revenue for trailing 12 months increased 318.13% year over year from 31st December, 2023.
If compared to the last 5 years, the revenue has gone up from $346.14 thousand to $6.40 million, a 1,747.76% change.
Market Capitalization
Worksport Ltd. has a market capitalization of $27.42M, which places WKSP in the nano-cap category.
Fundamental Analysis
EPS: $-0.14 (Q3), $-0.84 (1Y)
EPS decreased 6.67% since last quarter, and increased 15.07% since last year.
Net Income: $-4.13 M (Q3), $-14.93 M (1Y)
Net Income increased 3.03% since last quarter, and increased 19.10% since last year.
Free Cash Flow: $-1.70 M (Q3), $-15.62 M (1Y)
Free Cash Flow decreased 54.58% since last quarter, and decreased 18.34% since last year.
Net Profit Margin: -132.43% (Q3), -233.41% (1Y)
Net Profit Margin decreased 36.60% since last quarter, and decreased 71.52% since last year.
Below, we have listed 12 key indicators for Fundamental analysis for WKSP stock. These indicators help you understand Worksport Ltd.'s financial health, earnings and growth potential, and make a decision if the stock is a good long-term investment or not.
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Technical Analysis
Here, we have listed 5 key indicators for Technical Analysis for WKSP stock. These indicators help investors study past price movements and trading volumes to forecast future price changes, and find the right time when to buy, sell or hold the stock.
| Technical Indicators | Value |
|---|---|
| SMA20 | $0.91 |
| SMA50 | $0.89 |
| SMA200 | $0.70 |
| RSI | 24.14 |
| Beta | 0.43 |
SMA20 > Current Price
This signals WKSP stock is in short-term bearish momentum.
SMA50 > Current Price
This signals WKSP stock is in mid-term bearish momentum.
SMA200 < Current Price
This signals WKSP stock is in long-term bullish momentum.
Sentiment Based on Technical Analysis
Based on 8 technical analysis indicators, the overall sentiment for WKSP stock is Neutral. Out of all indicators, 4 indicates bullish signals, 4 signals bearish trends and 1 gives neutral trends. The WKSP stock forecast was last updated on 19 February, 2025.
Worksport Ltd. (WKSP) Stock Price Prediction and Forecast
According to short-term forecast, the stock is expected to rise to $1.00 by the end of 2025, and can reach around $1.13 to $1.33 in 2026. And, the long-term forecast suggests that the stock may further jump to $1.23 - $1.40 in 2028, and $0.81 - $0.82 by 2031. So, the WKSP stock shows a strong upward trend in the next several years.
Short-term WKSP Stock Price Prediction & Forecast
| Date | Forecasted Price | Change% |
|---|---|---|
| 2025-03 | $1.00 | 20.12% |
| 2025-04 | $1.00 | 20.12% |
| 2025-05 | $1.00 | 20.12% |
| 2025-06 | $1.00 | 20.12% |
| 2025-07 | $1.00 | 20.12% |
| 2025-08 | $1.00 | 20.12% |
| 2025-09 | $1.00 | 20.12% |
| 2025-10 | $1.00 | 20.12% |
| 2025-11 | $1.00 | 20.12% |
| 2025-12 | $1.00 | 20.12% |
In 2025, the WKSP stock price is expected to fluctuate between $1.0 and $1.0. According to the monthly forecast, the stock could rise to $1.00 by December 2024. If compared to the WKSP's current price, the stock could gain 20.12% by the end of this year.
Long-term WKSP Stock Price Prediction & Forecast
| Year | Year Start | Year Mid | Year End | Change% |
|---|---|---|---|---|
| 2026 | $1.13 | $0.80 | $1.33 | 59.76% |
| 2027 | $1.18 | $1.17 | $1.31 | 57.36% |
| 2028 | $1.23 | $1.06 | $1.40 | 68.17% |
| 2029 | $1.48 | $1.15 | $0.61 | -26.73% |
| 2030 | $0.82 | $0.98 | $0.87 | 4.5% |
| 2031 | $0.81 | $1.46 | $0.82 | -1.5% |
| 2032 | $0.93 | $0.67 | $1.64 | 97.0% |
| 2033 | $1.16 | $0.96 | $0.42 | -49.55% |
| 2034 | $0.55 | $1.81 | $0.81 | -2.7% |
| 2035 | $1.34 | $0.79 | $0.66 | -20.72% |
| 2036 | $1.11 | $0.94 | $1.73 | 107.81% |
| 2037 | $1.50 | $1.01 | $1.45 | 74.17% |
| 2038 | $0.73 | $1.09 | $1.41 | 69.37% |
| 2039 | $1.06 | $0.92 | $1.40 | 68.17% |
| 2040 | $0.85 | $1.14 | $1.11 | 33.33% |
| 2041 | $1.08 | $0.85 | $1.05 | 26.13% |
| 2042 | $1.37 | $0.54 | $1.02 | 22.52% |
| 2043 | $1.01 | $0.79 | $1.20 | 44.14% |
| 2044 | $1.23 | $0.72 | $1.39 | 66.97% |
| 2045 | $1.03 | $0.94 | $0.46 | -44.74% |
| 2046 | $1.22 | $1.80 | $1.63 | 95.8% |
| 2047 | $1.31 | $1.02 | $0.82 | -1.5% |
| 2048 | $0.92 | $0.58 | $0.69 | -17.12% |
| 2049 | $1.29 | $1.25 | $1.03 | 23.72% |
| 2050 | $1.13 | $1.11 | $1.20 | 44.14% |
| 2051 | $0.92 | $1.36 | $0.85 | 2.1% |
Worksport Ltd. (WKSP) Stock Price Prediction & Forecast 2025
At the start of 2025, the WKSP stock was at $0.93. Today, it is trading at $0.83, which is -10.48% decrease from price at the beginning of the year. By the end of this year, you can expect the stock to reach to $1.00 by December 2025 with a 20.12% change.
Worksport Ltd. (WKSP) Stock Price Prediction & Forecast 2026 - 2030
In the next five years, there will be a significant depreciation in the WKSP stock. During this period, the WKSP's price is forecasted to shift from $1.13 to $0.87, which is -23.01% loss.
In 2026, the stock would possibly open at $1.13, descends to $0.80 by mid-year, and wraps up at $1.33, reflecting a 59.64% increase from today's price. Further moving to 2030, the stock can kick off the year at $0.82, drop to $0.98 by mid-year, and finish at $0.87, which is 4.58% change from current price.
Worksport Ltd. (WKSP) Stock Price Prediction & Forecast 2031 - 2040
During this period, the stock would move from $0.81 to $1.11, which is up -1.57%
In 2031, we can expect WKSP to fluctuate between $0.81 and $0.82, a shift indicating a -1.57% loss by year-end compared to current price. And Until 2040, WKSP can likely vary from $0.85 to $1.11. By the end of 2040, the stock could record a 33.70% rise from today's stock price.
Worksport Ltd. (WKSP) Stock Price Prediction & Forecast 2041 - 2050
According to long-term forecast, the WKSP stock can see an an upturn from $1.08 to $1.20 in this period. In 2041, the stock can experience a low of $0.85 by mid-year, closing the year at $1.05. This results in a 2.44% increase from today.
Moving towards the end of 2050, WKSP is projected to open the year at $1.13. The stock may dip to $1.11 during mid-year and finish the year at $1.20. Compared to the stock's current price, this translates to an overall gain of 44.07% by 2050.
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WKSP Competitors
| Ticker | Company | Market Cap | Price | 1m Change | Forecast |
|---|---|---|---|---|---|
| QS | QuantumScape Corporation | - | $4.24 | -9.59% ▼ | $113.9 ▲ |
| INVZ | Innoviz Technologies Ltd. | - | $0.74 | -0.50% ▼ | $48.0 ▲ |
| LAZR | Luminar Technologies, Inc. | - | $4.66 | -10.38% ▼ | $40.25 ▲ |
Last updated Feb 19 at 2:31 PM
WKSP : Buy, Sell Or Hold?
Analyst Ratings
Based on 2 analysts, 1 rated as a strong buy, 1 recommended a buy, 0 suggested a hold, 0 advised a sell, and 0 indicated a strong sell.So, according to analyst ratings, the recommendation for WKSP stock is Buy.
Expert Analysis
According to WKSP short-term and long-term forecast, Worksport Ltd. shares are projected to go up by 44.14%, and reach a value of $1.20 per share by 2050.
As per technical analysis, indicators show a Neutral sentiment, while Fear & Greed Index stands at 42.857142857142854, which signals Fear. Also, WKSP has recorded 7/30 green days, which reflects a 35.0% positivity rate with a price volatility of 0.05%.
Plus, Price-to-Earnings (P/E) ratio of 0 suggests that WKSP stock is undervalued. So, Based on WKSP prediction and analysis, it may be the best time to hold WKSP stock right now.
Disclaimer: Stock predictions, forecasts and price targets provided for "WKSP” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.