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Westport Fuel Systems Inc. (NASDAQ: WPRT) Stock: Does It Mean Opportunity?

In today’s recent session, 0.68 million shares of the Westport Fuel Systems Inc. (NASDAQ:WPRT) have been traded, and its beta is 2.77. Most recently the company’s share price was $0.68, and it changed around -$0.04 or -5.01% from the last close, which brings the market valuation of the company to $167.43M. WPRT at last check was trading at a discount to its 52-week high of $1.60, offering almost -135.29% off that amount. The share price’s 52-week low was $0.66, which indicates that the recent value has risen by an impressive 2.94% since then. We note from Westport Fuel Systems Inc.’s average daily trading volume that its 10-day average is 0.19 million shares, with the 3-month average coming to 466.27K.

Westport Fuel Systems Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.50. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended WPRT as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Westport Fuel Systems Inc. is expected to report earnings per share of -$0.06 for the current quarter.

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Westport Fuel Systems Inc. (NASDAQ:WPRT) trade information

Instantly WPRT has been showing red trend so far today with a performance of -5.01% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.7377 on Monday, 05/22/23 increased the stock’s daily price by 7.82%. The company’s shares are currently down -12.22% year-to-date, but still down -6.78% over the last five days. On the other hand, Westport Fuel Systems Inc. (NASDAQ:WPRT) is -13.90% down in the 30-day period. We can see from the shorts that 2.2 million shares have been sold at a short interest cover period of 4.51 day(s).

The consensus price target as assigned by Wall Street analysts is $3.78, which translates to bulls needing to increase their stock price by 82.01% from its current value. Analyst projections state that WPRT is forecast to be at a low of $1.49 and a high of $7.00. In order for the stock price to hit the forecast high, the stock would need to plunge -929.41% from its current level, while the stock would need to crash -119.12% from its current level to reach the projected low.

Westport Fuel Systems Inc. (WPRT) estimates and forecasts

Westport Fuel Systems Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -12.44 percent over the past six months and at a 7.41% annual growth rate that is well below the industry average of 15.20%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 14.30% in revenue this quarter, and will report an increase of 14.30% in the next quarter. The year-over-year growth rate is expected to be 7.40%, up from the previous year.

Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $83 million in revenue for the current quarter. 8 analysts expect Westport Fuel Systems Inc. to make $76.66 million in revenue for the quarter ending Sep 2023. The company’s sales for the same quarters a year ago were $79.96 million and $76.14 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.80%. Forecasts for the next quarter put sales growth at 0.70%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.60%. Westport Fuel Systems Inc. earnings are expected to increase by -326.60% in 2023, but the outlook is positive 30.00% per year for the next five years.

WPRT Dividends

Westport Fuel Systems Inc.’s next quarterly earnings report is expected to be released around August 07 and August 11.

Westport Fuel Systems Inc. (NASDAQ:WPRT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 11.53% of Westport Fuel Systems Inc. shares, and 14.30% of them are in the hands of institutional investors. The stock currently has a share float of 16.16%. Westport Fuel Systems Inc. stock is held by 99 institutions, with AWM Investment Company, Inc. being the largest institutional investor. By Mar 30, 2023, it held 2.67% of the shares, which is about 4.58 million shares worth $4.36 million.

Baird Financial Group, Inc., with 2.04% or 3.5 million shares worth $3.34 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Pennsylvania Mutual Fund Inc and Royce Micro Cap Trust were the top two Mutual Funds as of Dec 30, 2022. The former held 0.17 million shares worth $0.13 million, making up 0.10% of all outstanding shares. On the other hand, Royce Micro Cap Trust held roughly 91752.0 shares worth around $71089.0, which represents about 0.05% of the total shares outstanding.

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