Steven Rossi - Worksport President, Chairman

WKSP Stock  USD 0.92  0.08  8.00%   

Insider

Steven Rossi is President, Chairman of Worksport
Age 40
Address 2500 North America Drive, West Seneca, NY, United States, 14224
Phone(888) 554-8789
Webhttps://www.worksport.com

Steven Rossi Latest Insider Activity

Tracking and analyzing the buying and selling activities of Steven Rossi against Worksport stock is an integral part of due diligence when investing in Worksport. Steven Rossi insider activity provides valuable insight into whether Worksport is net buyers or sellers over its current business cycle. Note, Worksport insiders must abide by specific rules, including filing SEC forms every time they buy or sell Worksport'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Worksport Management Efficiency

The company has return on total asset (ROA) of (0.3464) % which means that it has lost $0.3464 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.7958) %, meaning that it created substantial loss on money invested by shareholders. Worksport's management efficiency ratios could be used to measure how well Worksport manages its routine affairs as well as how well it operates its assets and liabilities. As of 01/03/2025, Return On Tangible Assets is likely to drop to -0.57. In addition to that, Return On Capital Employed is likely to drop to -0.95. At this time, Worksport's Total Current Liabilities is relatively stable compared to the past year. As of 01/03/2025, Liabilities And Stockholders Equity is likely to grow to about 31.3 M, while Non Current Liabilities Total is likely to drop slightly above 586.8 K.
Worksport currently holds 6.24 M in liabilities with Debt to Equity (D/E) ratio of 0.24, which may suggest the company is not taking enough advantage from borrowing. Worksport has a current ratio of 10.37, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Worksport's use of debt, we should always consider it together with its cash and equity.

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Worksport Ltd., through its subsidiary, designs, manufactures, and distributes truck tonneau covers in Canada and the United States. The company was formerly known as Franchise Holdings International, Inc. and changed its name to Worksport Ltd. in May 2020. Worksport operates under Auto Parts classification in the United States and is traded on NASDAQ Exchange. It employs 11 people. Worksport (WKSP) is traded on NASDAQ Exchange in USA. It is located in 2500 North America Drive, West Seneca, NY, United States, 14224 and employs 70 people. Worksport is listed under Automotive Parts & Equipment category by Fama And French industry classification.

Management Performance

Worksport Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Worksport a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Additional Tools for Worksport Stock Analysis

When running Worksport's price analysis, check to measure Worksport's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Worksport is operating at the current time. Most of Worksport's value examination focuses on studying past and present price action to predict the probability of Worksport's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Worksport's price. Additionally, you may evaluate how the addition of Worksport to your portfolios can decrease your overall portfolio volatility.