Westport Fuel Systems Inc. (NASDAQ: WPRT) stock jumped 0.77% on Friday to $1.31 against a previous-day closing price of $1.30. With 1.05 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.91 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $1.3350 whereas the lowest price it dropped to was $1.2800. The 52-week range on WPRT shows that it touched its highest point at $4.93 and its lowest point at $0.95 during that stretch. Beta for the stock currently stands at 2.99.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of WPRT was down-trending over the past week, with a drop of -0.76%, but this was up by 25.96% over a month. Three-month performance surged to 21.30% while six-month performance fell -25.57%. The stock lost -72.25% in the past year, while it has lost -44.73% so far this year. A look at the trailing 12-month EPS for WPRT yields -0.03 with Next year EPS estimates of -0.13. For the next quarter, that number is -0.06. This implies an EPS growth rate of 257.00% for this year and -53.80% for next year. EPS is expected to grow by 30.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 15.70%.
Float and Shares Shorts:
At present, 171.20 million WPRT shares are outstanding with a float of 151.60 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.19 million, which was 1.86% higher than short shares on Jun 14, 2022. In addition to Mr. David M. Johnson as the firm’s CEO & Director, Mr. Richard J. Orazietti serves as its Chief Financial Officer.
Through their ownership of 23.28% of WPRT’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of WPRT, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 2.62% stake in WPRT, the Deka-Nachhaltigkeit Impact Aktien is the largest stakeholder. A total of 4,478,000 shares are owned by the mutual fund manager. The Canadian General Investments Ltd., which owns about 1.29% of WPRT stock, is the second-largest Mutual Fund holder. It holds 2,200,000 shares valued at 2.66 million. Pembroke Canadian Growth Fund holds 0.56% of the stake in WPRT, owning 965,671 shares worth 1.17 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WPRT since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With WPRT analysts setting a high price target of $10.00 and a low target of $2.50, the average target price over the next 12 months is $5.90. Based on these targets, WPRT could surge 663.36% to reach the target high and rise by 90.84% to reach the target low. Reaching the average price target will result in a growth of 350.38% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. WPRT will report FY 2022 earnings on 03/21/2023. Analysts have provided yearly estimates in a range of -$0.11 being high and -$0.19 being low. For WPRT, this leads to a yearly average estimate of -$0.15. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Westport Fuel Systems Inc. surprised analysts by $0.01 when it reported -$0.07 EPS against a consensus estimate of -$0.08. The surprise factor in the prior quarter was $0.11. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.08. The average estimate for the next quarter is thus -$0.07.