In the latest trading session, 0.69 million Westport Fuel Systems Inc. (NASDAQ:WPRT) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $5.16 changing hands around $0.12 or 2.28% at last look, the market valuation stands at $745.15M. WPRT’s current price is a discount, trading about -150.97% off its 52-week high of $12.95. The share price had its 52-week low at $1.12, which suggests the last value was 78.29% up since then. When we look at Westport Fuel Systems Inc.’s average trading volume, we note the 10-day average is 2.21 million shares, with the 3-month average coming to 2.44 million.
Analysts gave the Westport Fuel Systems Inc. (WPRT) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.30. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended WPRT as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Westport Fuel Systems Inc.’s EPS for the current quarter is expected to be -$0.02.
Westport Fuel Systems Inc. (NASDAQ:WPRT) trade information
Instantly WPRT is in green as seen in intraday trades today. With action -10.80%, the performance over the past five days has been red. The jump to weekly highs of 5.66 on Friday, 06/18/21 added 2.28% to the stock’s daily price. The company’s shares are showing year-to-date downside of -5.44%, with the 5-day performance at -10.80% in the red. However, in the 30-day time frame, Westport Fuel Systems Inc. (NASDAQ:WPRT) is -9.84% down. Looking at the short shares, we see there were 1.53 million shares sold at short interest cover period of 1.09 days.
The consensus price target for the stock as assigned by Wall Street analysts is $14.40, meaning bulls need an upside of 64.17% from its recent market value. According to analyst projections, WPRT’s forecast low is $8.00 with $24.00 as the target high. To hit the forecast high, the stock’s price needs a -365.12% plunge from its current level, while the stock would need to soar -55.04% for it to hit the projected low.
Westport Fuel Systems Inc. (WPRT) estimates and forecasts
Data shows that the Westport Fuel Systems Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 12.00% over the past 6 months, a 100.00% in annual growth rate that is considerably higher than the industry average of 39.50%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Westport Fuel Systems Inc. will fall -200.00%, while the growth in revenue is estimated to hit 100.00% for the next quarter. Year-over-year growth is forecast to reach 36.70% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $72.92 million. 5 analysts are of the opinion that Westport Fuel Systems Inc.’s revenue for the quarter ending Sep 2021 will be $88.27 million. The company’s revenue for the corresponding quarters a year ago was $35.96 million and $65.41 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 102.80%. The estimates for the next quarter sales put growth at 35.00%.
The 2021 estimates are for Westport Fuel Systems Inc. earnings to increase by 160.00%, but the outlook for the next 5-year period is at 30.00% per year.
Westport Fuel Systems Inc. (NASDAQ:WPRT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.65% of Westport Fuel Systems Inc. shares while 28.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 32.94%. There are 28.44% institutions holding the Westport Fuel Systems Inc. stock share, with Lord Abbett & Co the top institutional holder. As of Mar 30, 2021, the company held 4.90% of the shares, roughly 6.57 million WPRT shares worth $47.21 million.
Royce & Associates LP holds the second largest percentage of outstanding shares, with 2.67% or 3.57 million shares worth $25.7 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Royce Opportunity Fund and Davenport Small Cap Focus Fund. With 1.15 million shares estimated at $8.29 million under it, the former controlled 0.86% of total outstanding shares. On the other hand, Davenport Small Cap Focus Fund held about 0.71% of the shares, roughly 0.95 million shares worth around $6.83 million.