For Westport Fuel Systems Inc. [WPRT], Analyst sees a rise to $5. What next?

Westport Fuel Systems Inc. [NASDAQ: WPRT] price plunged by -15.07 percent to reach at -$1.71. The company report on January 21, 2021 that Westport Fuel Systems to Cooperate with Truck and Bus Manufacturer Scania on a Direct Injected Hydrogen Engine Research Project.

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This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated November 9, 2020 to its final short form base shelf prospectus for the Province of Quebec and its amended and restated final short form base shelf prospectus for each of the Provinces of Canada except Quebec, each dated October 27, 2020.

Westport Fuel Systems Inc. (“Westport Fuel Systems”) (TSX:WPRT / Nasdaq:WPRT) announced it has agreed to commence a research project with Scania to apply its HPDI 2.0TM fuel system with hydrogen to the latest Scania commercial vehicle engine. Preliminary test results are expected in the second half of 2021.

A sum of 6574402 shares traded at recent session while its average daily volume was at 4.33M shares. Westport Fuel Systems Inc. shares reached a high of $11.17 and dropped to a low of $9.61 until finishing in the latest session at $9.64.

The one-year WPRT stock forecast points to a potential upside of 2.63. The average equity rating for WPRT stock is currently 2.20, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Westport Fuel Systems Inc. [WPRT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WPRT shares is $9.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WPRT stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Lake Street have made an estimate for Westport Fuel Systems Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 10, 2019. The new note on the price target was released on February 05, 2019, representing the official price target for Westport Fuel Systems Inc. stock. Previously, the target price had yet another raise to $6, while H.C. Wainwright analysts kept a Buy rating on WPRT stock.

The Average True Range (ATR) for Westport Fuel Systems Inc. is set at 1.02, with the Price to Sales ratio for WPRT stock in the period of the last 12 months amounting to 5.44. The Price to Book ratio for the last quarter was 16.34.

WPRT Stock Performance Analysis:

Westport Fuel Systems Inc. [WPRT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.73. With this latest performance, WPRT shares gained by 38.31% in over the last four-week period, additionally plugging by 418.28% over the last 6 months – not to mention a rise of 281.03% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WPRT stock in for the last two-week period is set at 54.43, with the RSI for the last a single of trading hit 47.72, and the three-weeks RSI is set at 58.01 for Westport Fuel Systems Inc. [WPRT]. The present Moving Average for the last 50 days of trading for this stock 6.98, while it was recorded at 11.19 for the last single week of trading, and 3.10 for the last 200 days.

Insight into Westport Fuel Systems Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Westport Fuel Systems Inc. [WPRT] shares currently have an operating margin of -7.34 and a Gross Margin at +19.81. Westport Fuel Systems Inc.’s Net Margin is presently recorded at +0.06.

Return on Total Capital for WPRT is now -13.11, given the latest momentum, and Return on Invested Capital for the company is 0.12. Return on Equity for this stock inclined to 0.21, with Return on Assets sitting at 0.07. When it comes to the capital structure of this company, Westport Fuel Systems Inc. [WPRT] has a Total Debt to Total Equity ratio set at 94.74. Additionally, WPRT Total Debt to Total Capital is recorded at 48.65, with Total Debt to Total Assets ending up at 30.24. Long-Term Debt to Equity for the company is recorded at 67.99, with the Long-Term Debt to Total Capital now at 34.91.

Reflecting on the efficiency of the workforce at the company, Westport Fuel Systems Inc. [WPRT] managed to generate an average of $193 per employee. Receivables Turnover for the company is 4.99 with a Total Asset Turnover recorded at a value of 1.11.

WPRT Stock EPS

With the latest financial reports released by the company, Westport Fuel Systems Inc. posted 0/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for WPRT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Westport Fuel Systems Inc. go to 30.00%.

Westport Fuel Systems Inc. [WPRT] Insider Position Details

There are presently around $299 million, or 18.47% of WPRT stock, in the hands of institutional investors. The top three institutional holders of WPRT stocks are: PEMBROKE MANAGEMENT, LTD with ownership of 5,638,040, which is approximately 17.557% of the company’s market cap and around 14.69% of the total institutional ownership; ROYCE & ASSOCIATES LP, holding 5,384,541 shares of the stock with an approximate value of $51.91 million in WPRT stocks shares; and NEUBERGER BERMAN GROUP LLC, currently with $38.57 million in WPRT stock with ownership of nearly 382.74% of the company’s market capitalization.

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Positions in Westport Fuel Systems Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 43 institutional holders increased their position in Westport Fuel Systems Inc. [NASDAQ:WPRT] by around 9,692,856 shares. Additionally, 39 investors decreased positions by around 3,374,469 shares, while 27 investors held positions by with 17,988,215 shares. The mentioned changes placed institutional holdings at 31,055,540 shares, according to the latest SEC report filing. WPRT stock had 26 new institutional investments in for a total of 3,940,868 shares, while 16 institutional investors sold positions of 841,442 shares during the same period.

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