This trade activity should not be overlooked: Westport Fuel Systems Inc. (WPRT)

Westport Fuel Systems Inc. (NASDAQ: WPRT) stock fell -3.76% on Tuesday to $0.69 against a previous-day closing price of $0.72. With 1.0 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.47 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.7298 whereas the lowest price it dropped to was $0.6701. The 52-week range on WPRT shows that it touched its highest point at $1.60 and its lowest point at $0.66 during that stretch. Beta for the stock currently stands at 2.77.

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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 -5.55%, but this was down by -12.76% over a month. Three-month performance dropped to -40.08% while six-month performance fell -11.28%. The stock lost -42.09% in the past year, while it has lost -11.06% so far this year. A look at the trailing 12-month EPS for WPRT yields -0.40 with Next year EPS estimates of -0.13. For the next quarter, that number is -0.06. This implies an EPS growth rate of -326.60% for this year and 43.50% 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 10.60%.

Float and Shares Shorts:

At present, 171.69 million WPRT shares are outstanding with a float of 151.59 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.2 million, which was 1.28% higher than short shares on Mar 30, 2023. In addition to Mr. David M. Johnson as the firm’s CEO & Director, Mr. William Edward Larkin serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 14.30% 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 1.28% stake in WPRT, the Canadian General Investments Ltd. is the largest stakeholder. A total of 2,200,000 shares are owned by the mutual fund manager. The AZ Fund 1 – AZ Allocation – CGM B, which owns about 0.18% of WPRT stock, is the second-largest Mutual Fund holder. It holds 309,762 shares valued at 0.23 million. AZ Fund 1 – CGM Opportunistic Glo holds 0.12% of the stake in WPRT, owning 196,216 shares worth 0.14 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, WPRT reported revenue of $79.96M and operating income of -$8.76M. The EBITDA in the recently reported quarter was -$5.05M and diluted EPS was -$0.07.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for WPRT since 0 analysts follow the stock currently. 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 $7.00 and a low target of $1.49, the average target price over the next 12 months is $3.78. Based on these targets, WPRT could surge 914.49% to reach the target high and rise by 115.94% to reach the target low. Reaching the average price target will result in a growth of 447.83% 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.

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