Worksport Ltd.
WKSPConsumer CyclicalNASDAQAuto Parts
Scan Results
Daily timeframeWorksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in the United States and internationally. Valued at $8.6M, WKSP is a micro-cap name in its sector. It operates through Hard Tonneau Covers and Soft Tonneau Covers segments.
Market Cap
$8.6M
Beta
0.27
P/E (TTM)
—
P/E (Fwd)
-1.70
EPS (TTM)
$-2.36
EPS (Fwd)
$-0.33
ROE
-115.1%
ROA
-49.6%
Cash
$1.3M
Total Debt
$5.5M
Free CF
-$15.4M
52W Change
-84.7%
Annual Financials
Cash vs Debt
Where WKSP stands vs its 150-day and 200-day moving averages
As of the September 3, 2026 close, WKSP finished 42.42% below its 150-day moving average ($0.99) and 57.14% below its 200-day moving average ($1.33). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is WKSP overbought or oversold?
At the September 3, 2026 close, WKSP's RSI(14) was 38.5, in neutral territory (between 30 and 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
Worksport Ltd. carries $5.5M in total debt against $1.3M in cash reserves — debt is roughly 4.3x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company is burning cash, with free cash flow at -$15.4M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -115.1% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $117K (2022) to $16.1M (2025), reflecting a 13721% increase over the period.
With a beta below 0.7, Worksport Ltd. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. No single metric tells the full story. Reviewing WKSP's risk profile alongside its fundamentals and technical indicators provides a more complete picture.