Maxim Group Keeps Their Buy Rating on Worksport (WKSP)

In a report released yesterday, Tate Sullivan from Maxim Group maintained a Buy rating on Worksport, with a price target of $5.00. The company’s shares closed yesterday at $2.08.

TipRanks Black Friday Sale

• Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
• Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off

According to TipRanks, Sullivan is a 2-star analyst with an average return of 0.4% and a 47.98% success rate. Sullivan covers the Industrials sector, focusing on stocks such as Seanergy Maritime, ABM Industries, and Tetra Tech.

Currently, the analyst consensus on Worksport is a Moderate Buy with an average price target of $8.25, implying a 296.63% upside from current levels. In a report released on November 14, H.C. Wainwright also maintained a Buy rating on the stock with a $11.50 price target.

Based on Worksport’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.1 million and a GAAP net loss of $3.73 million. In comparison, last year the company earned a revenue of $1.92 million and had a GAAP net loss of $4.01 million