Westport Fuel Systems Inc. (NASDAQ:WPRT) price on Thursday, August 26, fall -1.97% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.99.
A look at the stock’s price movement, the close in the last trading session was $4.07, moving within a range at $3.99 and $4.1772. The beta value (5-Year monthly) was 2.82 while the PE ratio in trailing twelve months stood at 25.09. Turning to its 52-week performance, $12.95 and $1.55 were the 52-week high and 52-week low respectively. Overall, WPRT moved -3.39% over the past month.
Westport Fuel Systems Inc.’s market cap currently stands at around $801.35 million, with investors looking forward to this quarter’s earnings report slated for Nov 08, 2021 – Nov 12, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.02, which has seen fiscal year 2021 EPS growth forecast to increase to $0.1 and about $0.08 for fiscal year 2022. Per the data, EPS growth is expected to be 300.00% for 2021 and -20.00% for the next financial year.
Analysts have a consensus estimate of $72.92 million for the company’s revenue for the quarter, with a low and high estimate of $64.7 million and $81.4 million respectively. The average forecast suggests up to a 102.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $357.6 million, representing a 41.60% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that WPRT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 4 recommend WPRT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 0.84, with WPRT’s current price about -5.71% and -11.93% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.76, while 7-day volatility ratio is 4.47% and 6.30% in the 30-day chart. Further, Westport Fuel Systems Inc. (WPRT) has a beta value of 2.87, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $13.80, forecast between a low of $8.00 and high of $21.00. Looking at the price targets, the low is -100.5% off current price level while to achieve the yearly target high, price needs to move -426.32%. Nonetheless, investors will most likely welcome a -225.81% jump to $13.00 which is the analysts’ median price.
In the market, a comparison of Westport Fuel Systems Inc. (WPRT) and its peers suggest the former has performed considerably weaker. Data shows WPRT’s intraday price has changed -1.97% in last session and 122.91% over the past year. Comparatively, BorgWarner Inc. (BWA) has moved -1.41% on the day and only 2.41% in the past 12 months. Looking at another peer, we see that Caterpillar Inc. (CAT) price has dipped -1.64% on the day. However, the stock is 48.94% off its price a year ago. Moreover, Magna International Inc. (MGA) is also down -2.41% in trading on the day while keeping a an uptrend of 54.68% over the past year. If we look at the PE ratio, we find that Westport Fuel Systems Inc.’s ratio stands at 25.09 compared to BorgWarner Inc.’s 12.67 and Caterpillar Inc.’s 26.99. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on Westport Fuel Systems Inc. (NASDAQ:WPRT), historical trading data shows that trading volumes averaged 1.92 million over the past 10 days and 2.54 million over the past 3 months. The company’s latest data on shares outstanding shows there are 153.15 million shares.
The 13.65% of Westport Fuel Systems Inc.’s shares are in the hands of company insiders while institutional holders own 28.46% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.53 million on May 27, 2021, giving us a short ratio of 1.09. The data shows that as of May 27, 2021 short interest in Westport Fuel Systems Inc. (WPRT) stood at 1.04% of shares outstanding, with shares short falling to 1.69 million registered in Apr 29, 2021. Current price change has pushed the stock -25.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the WPRT stock continues to rise going into the next quarter.