WorkSport designs and distributes truck tonneau covers in Canada and the U.S. Co. has developed various products for pick-up trucks available in North America. Co.'s product lines are as follows: Worksport Tri Fold, which is Co.'s staple soft folding tonneau cover; Worksport Smart Fold, which provides Co.'s patented rear Smart Latch system; Worksport Quad-Fold, which is a vinyl wrapped tonneau cover to fold in four sections; and Worksport Forte GEN2, which is built using 6MM thick aluminum panels with honeycomb core, coated in a durable matte-black scratch resistant powder coating. We show 10 historical shares outstanding datapoints in our WKSP shares outstanding history coverage, used to compute WKSP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WKSP market cap history over the course of time is important for investors
interested in comparing WKSP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of WKSP versus a peer is one thing; comparing
WKSP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like WKSP can fluctuate over the course of history.
With this page we aim to empower investors researching WKSP by allowing them to research the WKSP market cap history. |
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Video: The Importance of Market Cap
