Worksport - AI Stock Analysis

Analysis generated December 22, 2025

Worksport Ltd. is an integrated provider of innovative, high-performance automotive accessories, primarily focused on renewable energy solutions for the global market. The company is known for their truck bed covers (tonneau covers) and the SOLIS solar-paneled retractable truck bed cover, which integrates with automotive renewable energy systems.

Fundamental Analysis

Revenue: For the last quarter, Worksport reported revenues of $5 million, which is a significant increase of 22.14% compared to the previous quarter. This steady growth in revenue is an encouraging sign, suggesting that the company is gaining market traction. Compared to the same quarter last year, the revenues have seen a remarkable growth of 60.58%, indicative of strong year-over-year performance.

Net Income: However, the net income for the last quarter was reported at $4.9 million, which is a decline of 31.98% from the previous quarter. When compared to the same quarter last year, the net income decrease stands at 19.20%. This decline is a potential red flag as it implies the company is facing profitability challenges.

EBITDA: The EBITDA for the last quarter came in at $4.8 million, showcasing a significant decrease of 51.46% from the previous quarter. Year-over-year, the EBITDA decreased by 36.80%. This substantial decline indicates potential operational inefficiencies or increased costs, requiring closer scrutiny by investors.

Technical Analysis

Current Stock Price and Historical Performance: The stock is currently priced at $2.40. Over the last month, this represents an increase of 14.83%, suggesting a short-term positive trend. However, when we compare this to the price a year ago, it reflects a decrease of 70.22%, raising concerns about long-term performance.

Simple Moving Average (SMA): The current SMA10 is $2.40, which is lower than the previous SMA10 of $2.42, suggesting a potential downward trend in price movement.

Relative Strength Index (RSI): The RSI is at 80.7, indicating an overbought condition which is generally a bearish signal. This suggests that the stock may be overvalued in the short term, and a potential downward correction could be anticipated.

Alternative Data Analysis

Job Postings and Employee Sentiment: Worksport has reported 0 open positions for the last couple of months, indicating stability in their workforce, although it does not suggest aggressive expansion.

Customer Acquisition: With an estimated 83,000 visitors to their webpage and a 48% increase in recent months, Worksport seems to be witnessing a bullish trend in customer acquisition, which can potentially translate into higher future revenues.

Customer Engagement: The company has 3,800 followers on Instagram, which has grown by 10% in the last couple of months. This is a positive sign of increasing interest in the company's product offerings. However, its Twitter page has stagnated with 3,500 followers and no growth in the same period, indicating a mixed sentiment from potential customers.

AltIndex’s AI Score: Worksport has an AI score of 76, which is classified as a buy signal. This score synthesizes fundamental, technical, and alternative data to provide a recommendation on the stock's future performance.

Conclusion and Recommendation

Based on the comprehensive analysis provided, Worksport presents a mixed but cautiously optimistic investment opportunity. The significant year-over-year growth in revenue and the increase in web traffic and social media engagement are bullish indicators. However, the declines in net income and EBITDA, coupled with overbought RSI and a largely bearish technical trend, warrant a careful, risk-balanced approach.

Taking into consideration Worksport's current state and potential future growth, investors should weigh the positive trends in revenue and customer acquisition against the concerning profitability metrics and technical indicators. A prudent strategy may involve a cautious buy with continuous monitoring of quarterly financials and market trends.

Disclaimer: This AI stock analysis, generated by an experimental AI tool, is for informational purposes only and not financial advice. Information is based on publicly available data and may not always be accurate or current.