Westport Fuel Systems Inc. [WPRT] Revenue clocked in at $402.60 million, down -55.91% YTD: What’s Next?


Westport Fuel Systems Inc. [NASDAQ: WPRT] gained 5.38% or 0.12 points to close at $2.35 with a heavy trading volume of 2217038 shares. The company report on December 16, 2021 that Westport Fuel Systems Completes Refinancing of US$20 Million Term Loan from Export Development Canada.

Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced today it has refinanced a $20 million Term Loan from Export Development Canada (“EDC”) providing for the extension of the maturity of the indebtedness to EDC and a reduction in interest rate. The new Term Loan replaces the Company’s existing indebtedness to EDC of approximately $18 million under the Second Amended and Restated Facility Agreement, including the Original Term Facility and the COVID-19 Facility, with an option to draw an additional $2 million. The Term Loan extends the maturity date of the prior indebtedness to EDC to September 15, 2026, which aligns better with the Company’s investment profile. The interest rate on the Term Loan is now US Prime + 2.01% per annum and has no prepayment penalty or standby charge.

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“We are very appreciative of the continued support and our relationship with Export Development Canada in helping our ambitious growth plans to bring clean, affordable transportation solutions using LNG, renewable natural gas and hydrogen to the world. The refinancing of this Term Loan improves our financial position and liquidity to fund our growth of our HPDI technology and working capital needs,” said Richard Orazietti, Chief Financial Officer of Westport Fuel Systems.

It opened the trading session at $2.23, the shares rose to $2.4099 and dropped to $2.23, the range by which the price of stock traded the whole day. The daily chart for WPRT points out that the company has recorded -55.24% loss over the past six months. However, it is still -15.76% lower than its most recent low trading price.

If we look at the average trading volume of 1.97M shares, WPRT reached to a volume of 2217038 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]:

JP Morgan have made an estimate for Westport Fuel Systems Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 09, 2021. The new note on the price target was released on May 10, 2019, representing the official price target for Westport Fuel Systems Inc. stock.

The Average True Range (ATR) for Westport Fuel Systems Inc. is set at 0.16, with the Price to Sales ratio for WPRT stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 1.34, with the Price to Cash per share for the same quarter was set at 0.92.

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 -1.26. With this latest performance, WPRT shares dropped by -2.08% in over the last four-week period, additionally sinking by -55.24% over the last 6 months – not to mention a drop of -56.48% 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 46.33, with the RSI for the last a single of trading hit 49.48, and the three-weeks RSI is set at 44.31 for Westport Fuel Systems Inc. [WPRT]. The present Moving Average for the last 50 days of trading for this stock 2.75, while it was recorded at 2.35 for the last single week of trading, and 4.47 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.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.20.

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

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%.

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

There are presently around $101 million, or 33.68% of WPRT stock, in the hands of institutional investors. The top three institutional holders of WPRT stocks are: AWM INVESTMENT COMPANY, INC. with ownership of 3,832,047, which is approximately 0% of the company’s market cap and around 13.14% of the total institutional ownership; ROYCE & ASSOCIATES LP, holding 3,722,569 shares of the stock with an approximate value of $8.3 million in WPRT stocks shares; and BAIRD FINANCIAL GROUP, INC., currently with $8.2 million in WPRT stock with ownership of nearly 11.387% of the company’s market capitalization.

Positions in Westport Fuel Systems Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 62 institutional holders increased their position in Westport Fuel Systems Inc. [NASDAQ:WPRT] by around 7,027,448 shares. Additionally, 53 investors decreased positions by around 10,926,620 shares, while 35 investors held positions by with 27,261,785 shares. The mentioned changes placed institutional holdings at 45,215,853 shares, according to the latest SEC report filing. WPRT stock had 17 new institutional investments in for a total of 332,026 shares, while 19 institutional investors sold positions of 2,956,387 shares during the same period.