Westport Fuel Systems Inc. [WPRT] is -1.31% lower this YTD. Is it still time to buy?

Westport Fuel Systems Inc. [NASDAQ: WPRT] loss -15.84% or -0.99 points to close at $5.26 with a heavy trading volume of 5895852 shares. The company report on May 7, 2021 that Westport Fuel Systems, Inc. to Host Earnings Call.

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Westport Fuel Systems, Inc. (NASDAQ:WPRT) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on May 7, 2021 at 10:00 AM Eastern Time.

To listen to the event live or access a replay of the call – visit https://www.investornetwork.com/event/presentation/78057.

It opened the trading session at $6.26, the shares rose to $6.34 and dropped to $5.22, the range by which the price of stock traded the whole day. The daily chart for WPRT points out that the company has recorded 161.69% gains over the past six months. However, it is still -471.74% lower than its most recent low trading price.

If we look at the average trading volume of 3.12M shares, WPRT reached to a volume of 5895852 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Westport Fuel Systems Inc. [WPRT]:

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 0.48, with the Price to Sales ratio for WPRT stock in the period of the last 12 months amounting to 3.08. The Price to Book ratio for the last quarter was 7.29.

Trading performance analysis for WPRT stock

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 -20.54. With this latest performance, WPRT shares dropped by -21.38% in over the last four-week period, additionally plugging by 161.69% over the last 6 months – not to mention a rise of 440.99% 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 29.36, with the RSI for the last a single of trading hit 22.53, and the three-weeks RSI is set at 34.41 for Westport Fuel Systems Inc. [WPRT]. The present Moving Average for the last 50 days of trading for this stock 7.49, while it was recorded at 6.13 for the last single week of trading, and 4.90 for the last 200 days.

Westport Fuel Systems Inc. [WPRT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Westport Fuel Systems Inc. [WPRT] shares currently have an operating margin of -10.22 and a Gross Margin at +13.19. Westport Fuel Systems Inc.’s Net Margin is presently recorded at -2.91.

Return on Total Capital for WPRT is now -13.24, given the latest momentum, and Return on Invested Capital for the company is -4.63. Return on Equity for this stock declined to -7.95, with Return on Assets sitting at -2.45. 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 124.35. Additionally, WPRT Total Debt to Total Capital is recorded at 55.43, with Total Debt to Total Assets ending up at 37.37. Long-Term Debt to Equity for the company is recorded at 74.70, with the Long-Term Debt to Total Capital now at 33.29.

Reflecting on the efficiency of the workforce at the company, Westport Fuel Systems Inc. [WPRT] managed to generate an average of -$7,518 per employee. Receivables Turnover for the company is 3.35 with a Total Asset Turnover recorded at a value of 0.84.

Westport Fuel Systems Inc. [WPRT]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Westport Fuel Systems Inc. posted 0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 128.60%. 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%.

An analysis of insider ownership at Westport Fuel Systems Inc. [WPRT]

There are presently around $175 million, or 28.88% of WPRT stock, in the hands of institutional investors. The top three institutional holders of WPRT stocks are: NEUBERGER BERMAN GROUP LLC with ownership of 4,000,600, which is approximately 382.74% of the company’s market cap and around 13.51% of the total institutional ownership; ROYCE & ASSOCIATES LP, holding 3,574,041 shares of the stock with an approximate value of $22.34 million in WPRT stocks shares; and PEMBROKE MANAGEMENT, LTD, currently with $19.84 million in WPRT stock with ownership of nearly -43.711% 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 May and at the time of the May reporting period, where 58 institutional holders increased their position in Westport Fuel Systems Inc. [NASDAQ:WPRT] by around 10,070,142 shares. Additionally, 31 investors decreased positions by around 5,830,318 shares, while 27 investors held positions by with 12,023,460 shares. The mentioned changes placed institutional holdings at 27,923,920 shares, according to the latest SEC report filing. WPRT stock had 38 new institutional investments in for a total of 5,151,457 shares, while 9 institutional investors sold positions of 665,603 shares during the same period.

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