Worksport (NASDAQ:WKSP) Upgraded to “Hold” at Wall Street Zen

Posted by Francis Steltz on Aug 16th, 2026

Wall Street Zen upgraded shares of Worksport (NASDAQ:WKSP – Free Report) from a sell rating to a hold rating in a report published on Saturday morning.

A number of other equities analysts also recently issued reports on WKSP. Maxim Group set a $2.00 price objective on Worksport and gave the stock a “buy” rating in a research report on Friday, May 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Worksport in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.75.

View Our Latest Research Report on Worksport

Worksport Trading Up 2.4%

NASDAQ:WKSP opened at $0.70 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.79 and a quick ratio of 0.27. The firm has a market capitalization of $10.68 million, a price-to-earnings ratio of -0.30 and a beta of 0.22. Worksport has a one year low of $0.57 and a one year high of $4.30. The business has a fifty day moving average price of $0.76 and a 200-day moving average price of $1.05.

Worksport (NASDAQ:WKSP – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.11. Worksport had a negative return on equity of 102.57% and a negative net margin of 114.49%.The company had revenue of $5.23 million for the quarter, compared to analysts’ expectations of $4.50 million.

Insider Activity

In related news, CEO Steven F. Rossi acquired 79,618 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were bought at an average price of $0.63 per share, with a total value of $50,159.34. Following the transaction, the chief executive officer directly owned 2,693,703 shares of the company’s stock, valued at $1,697,032.89. This trade represents a 3.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.84% of the stock is owned by company insiders.

Institutional Trading of Worksport

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp acquired a new position in Worksport during the 4th quarter worth approximately $34,000. XTX Topco Ltd acquired a new stake in Worksport in the fourth quarter valued at approximately $38,000. Centiva Capital LP acquired a new stake in Worksport in the third quarter valued at approximately $63,000. Geode Capital Management LLC increased its holdings in shares of Worksport by 11.2% during the second quarter. Geode Capital Management LLC now owns 33,259 shares of the company’s stock valued at $94,000 after acquiring an additional 3,338 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Worksport by 225.2% during the fourth quarter. LPL Financial LLC now owns 54,067 shares of the company’s stock valued at $115,000 after acquiring an additional 37,440 shares in the last quarter. 16.11% of the stock is owned by institutional investors.

Worksport Company Profile

(Get Free Report)

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.