Stock analysis, trade plans, and proprietary indicators by Trend Edge.
Trend Edge Setup Score
Trend Edge rates WKSP Bearish with a Setup Score of 38, net conviction 23, actionability 62. How the Setup Score works →
Total Setup Score
38
Directional Bias
Bearish
Net Conviction
23
Actionability
62 (in range)
Key signals behind this score
40wk Downtrend — falling+below (sma 1.45 vs px 0.69)
80wk Downtrend — falling+below (sma 2.70 vs px 0.69)
200wk Downtrend — falling+below (sma 9.54 vs px 0.69)
Earnings Headwind — ER in 3.438d · w1 med -5.3% (mag 2/3) · winRate 35.9% (rel 1/3) · n39
RS Breakdown — momZ +0.19 · low 8w×1.00 · vs industry
About Worksport Ltd
Worksport Ltd., together with its subsidiary, designs and distributes truck tonneau covers in the United States and internationally. It operates through Hard Tonneau Covers and Soft Tonneau Covers segments. 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. Read full Trend Edge analysis →
Sector: Consumer Cyclical
Industry: Auto Parts
Exchange: NASDAQ
IPO Date: July 15, 2003
Headquarters: 2500 N America Dr, West Seneca, NY, United States, 14224
Founder-Led: Yes — Steven Rossi (Founder, Chairman, President, CEO & Secretary)
Key Metrics
Current Price
$0.69
Market Cap
$10.9M
Float
9.7M
Shares Outstanding
15.3M
Price/Sales (TTM)
0.63
vs. Analyst Target
+189.9% to analyst PT
Profit Margin
-120.65%
Operating Margin (TTM)
-173.46%
Revenue (TTM)
$17.2M
Dividend Rate
None
Analyst Target Price
$2.00 (3 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$346,144
-$1.2M
$47,148
-$774,409
2021
$303,750
-$7.9M
-$46,952
-$7.5M
2022
$116,502
-$12.5M
$59,535
-$11.6M
2023
$1.5M
-$14.9M
$240,514
-$13.2M
2024
$8.5M
-$16.2M
$905,650
-$13.7M
2025
$16.1M
-$19.4M
$4.5M
-$16.9M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$4.1M
-$3.7M
Sep 2025
$5.0M
-$4.9M
Dec 2025
$4.7M
-$6.2M
Mar 2026
$3.3M
-$5.8M
Ownership & Float
Insider Ownership
5.4%
Institutional Ownership
6.2%
Short Float
2.0%
% of All Funds Holding
0.27%
Number of Funds Holding
22
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$0.76
Near-term / short-term trend
Weekly
40-Week SMA
$1.45
Medium-term trend
Weekly
80-Week SMA
$2.70
Cyclical trend (business cycle)
Weekly
200-Week SMA
$9.54
Secular trend (multi-year)
Monthly
10-Month SMA
$1.33
Near-term monthly trend
Monthly
20-Month SMA
$2.72
Medium-term monthly trend
Monthly
40-Month SMA
$8.25
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$1.30
resistance
1.18x
4 months ago
$1.80
resistance
1.27x
5 months ago
$6.60
resistance
2.44x
16 months ago
Historical Earnings Reactions (39 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
1.74%
0.00%
33.33%
68.75%
-12.39%
1 Day
-1.53%
-1.01%
23.08%
56.25%
-26.92%
1 Week
0.24%
-5.29%
35.90%
132.39%
-34.29%
2 Weeks
-2.47%
-5.14%
34.21%
90.85%
-65.71%
1 Month
-4.62%
-9.39%
31.58%
60.00%
-80.00%
Next earnings: August 12, 2026 (3 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
-1.9%
20.0%
25
Feb
29.9%
24.0%
25
Mar
75.3%
16.0%
25
Apr
55.8%
40.0%
25
May
1.0%
16.0%
25
Jun
2.9%
28.0%
25
Jul
-2.7%
19.2%
26
Aug
13.4%
24.0%
25
Sep
156.4%
20.0%
25
Oct
-3.9%
12.0%
25
Nov
-8.6%
20.0%
25
Dec
10.8%
20.0%
25
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
3.66%
14.7%
1187
Tuesday
2.73%
16.6%
1296
Wednesday
-0.18%
14.5%
1295
Thursday
3.01%
15.9%
1270
Friday
4.27%
17.2%
1266
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 6.2%
Insider Transactions — Smart Summary
Total insider ownership: 5.4%
Founder-led management: Steven Rossi (Founder, Chairman, President, CEO & Secretary)
Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Worksport Ltd
(WKSP) powered by Claude Opus — Anthropic's most capable AI model.
The analysis covers five layers:
technical analysis (near-term, medium-term, cyclical, and secular trend, momentum,
volume shelf support and resistance, breakout and breakdown signals),
qualitative analysis (business model, competitive moat, sector dynamics),
insider sentiment (buy and sell signals from executive and director transactions),
share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and
fundamental analysis (valuation, revenue growth, profit margin, earnings quality).
AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit,
stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward.
Whether you are building a long position, initiating a short, or looking for a reversal setup,
AI Consult identifies the highest-probability signal from the current trend.