In yesterday’s Wall Street session, Westport Fuel Systems Inc. (NASDAQ:WPRT) shares traded at $1.28, up 5.79% from the previous session.
As of this writing, 8 analysts cover Westport Fuel Systems Inc. (NASDAQ:WPRT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $1.50, we find $5.00. Given the previous closing price of $1.21, this indicates a potential upside of 313.22 percent. WPRT stock price is now 24.81% away from the 50-day moving average and 24.92% away from the 200-day moving average. The market capitalization of the company currently stands at $285.82M.
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There are 3 analysts who have given it a hold rating, whereas 4 have given it a buy rating. Brokers who have rated the stock have averaged $4.12 as their price target over the next twelve months.
With the price target of $2.50, RBC Capital Mkts recently initiated with Sector Perform rating for Westport Fuel Systems Inc. (NASDAQ: WPRT). On September 09, 2021, JP Morgan recently initiated its ‘Neutral’ rating on the stock quoting a target price of $5, while ‘Lake Street’ rates the stock as ‘Buy’.
A total of 11.55% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WPRT stock. A new stake in Westport Fuel Systems Inc. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $74,000. TWO SIGMA SECURITIES, LLC invested $41,000 in shares of WPRT during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Westport Fuel Systems Inc. valued at approximately $26,000. CETERA INVESTMENT ADVISERS acquired a new stake in WPRT for approximately $25,000. VIRTU FINANCIAL LLC purchased a new stake in WPRT valued at around $15,000 in the second quarter. In total, there are 96 active investors with 17.02% ownership of the company’s stock.
Wednesday morning saw Westport Fuel Systems Inc. (NASDAQ: WPRT) opened at $1.2200. During the past 12 months, Westport Fuel Systems Inc. has had a low of $0.75 and a high of $2.73. As of last week, the company has a debt-to-equity ratio of 0.27, a current ratio of 2.30, and a quick ratio of 1.60. The fifty day moving average price for WPRT is $1.0358 and a two-hundred day moving average price translates $1.0249 for the stock.
The latest earnings results from Westport Fuel Systems Inc. (NASDAQ: WPRT) was released for Sep, 2022. According to the Auto Parts Company, earnings per share came in at -$0.07, missing analysts’ expectations of -$0.06 by -0.01. This compares to -$0.03 EPS in the same period last year. The net profit margin was -3.40% and return on equity was -4.50% for WPRT. The company reported revenue of $71.18 million for the quarter, compared to $74.34 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.25 percent. For the current quarter, analysts expect WPRT to generate $74.45M in revenue.
Westport Fuel Systems Inc.(WPRT) Company Profile
Westport Fuel Systems Inc. engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications worldwide. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments. It offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, light and heavy-duty original equipment manufacturers (OEMs) and delayed OEMs, electronics, hydrogen, and fuel storage activities. The company also provides Westport High Pressure Direct Injection 2.0, a fully integrated fuel systems that enables diesel engines using primarily natural gas fuel to match the power, torque, and fuel economy benefits found in traditional compression ignition diesel engines, which reduces greenhouse gas emissions. Its products and services are used for passenger cars; light-, medium-, and heavy-duty trucks; and cryogenics and hydrogen applications under the Cummins Westport, BRC Gas Equipment, Westport, OMVL, Prins, GFi Control systems, Emer, Zavoli, TA Gas Technology, Valtek, and AFS brands. The company was formerly known as Westport Innovations Inc. and changed its name to Westport Fuel Systems Inc. in June 2016. Westport Fuel Systems Inc. was incorporated in 1995 and is headquartered in Vancouver, Canada.
