Overall market sentiment has been high on Worksport Ltd (WKSP) stock lately. WKSP receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Worksport Ltd has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on WKSP!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With WKSP Stock Today?
Worksport Ltd (WKSP) stock is trading at $2.41 as of 3:34 PM on Friday, Aug 12, an increase of $0.14, or 6.17% from the previous closing price of $2.27. The stock has traded between $2.25 and $2.46 so far today. Volume today is more active than usual. So far 134,620 shares have traded compared to average volume of 75,912 shares.
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More About Worksport Ltd
Worksport Ltd through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. The company's product includes soft vinyl tonneau covers and hard aluminum tonneau covers.
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