Technicals Say Westport Fuel Systems Inc. (WPRT) Is Worth Holding

As of Thursday close, Westport Fuel Systems Inc.’s (NASDAQ:WPRT) stock was up $0.08, moving up 8.04 percent to $1.08. The average number of shares traded per day over the past five days has been 2,339,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1500 fall in that time frame. In the last twenty days, the average volume was 1,452,230, while in the previous 50 days, it was 2,455,552.


Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored


Since last month, WPRT stock retreated -23.94%. Shares of the company fell to $0.9476 on 05/12/22, the lowest level in the past month. A 52-week high of $6.81 was reached on 03/08/22 after having rallying from a 52-week low of $0.99. Since the beginning of this year, WPRT’s stock price has dropped by -54.43% or -$1.2900, and marked a new high 3 times. However, the stock has declined by -84.14% since its 52-week high.

Valuation Metrics

Right now, Westport Fuel Systems Inc. (WPRT) has a P/E ratio of about 9.82. The stock’s beta is 2.99. Besides these, the trailing price-to-sales (P/S) ratio of 0.62, the price-to-book (PB) ratio of 0.59.

Financial Health

In the three months ended June 29, Westport Fuel Systems Inc.’s quick ratio stood at 1.70, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.17, and the total debt-to-equity ratio was 0.27. On the profitability front, the trailing twelve-month gross margin is 15.40% percent. In the year ended June 29, operating margins totaled -8.80%. Based on annual data, WPRT earned $48.15 million in gross profit and brought in $312.41 million in revenue.

In Westport Fuel Systems Inc.’s quarter-end financial report for June 29, it reported total debt of $35.31 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. WPRT’s revenue rose 11.48% during the quarter, while net income inched up to $305.34 million. While analysts expected Westport Fuel Systems Inc. to report -$0.02 quarterly earnings, the actual figure was $0.11 per share. During the quarter, the company generated -$6.94 million in EBITDA. The liabilities of Westport Fuel Systems Inc. were 216.68 million at the end of its most recent quarter ended June 29, and its total debt was $93.37 million.

Technical Picture

This quick technical analysis looks at Westport Fuel Systems Inc.’s (WPRT) price momentum. With a historical volatility rate of 90.68%, the RSI 9-day stood at 36.11% on 12 May.

With respect to its five-day moving average, the current Westport Fuel Systems Inc. price is down by -12.20% percent or -$0.1500. At present, WPRT shares trade -25.00% below its 20-day simple moving average and -54.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately -33.33% below its SMA50 and -73.85% below its SMA200.

Stochastic coefficient K was 15.95% and Stochastic coefficient D was 11.13%, while ATR was 0.1105. Given the Stochastic reading of 34.62% for the 14-day period, the RSI (14) reading has been calculated as 36.74%. As of today, the MACD Oscillator reading stands at -0.1212, while the 14-day reading stands at -0.1422.

Analyst Ratings

JP Morgan launched its rating on Westport Fuel Systems Inc. (NASDAQ: WPRT) to a Neutral in a note to investors on September 09, 2021. Westport Fuel Systems Inc. (WPRT) has been rated Overweight by analysts. According to 0 brokerage firms, WPRT is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Westport Fuel Systems Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $6.50, the current consensus forecast for the stock is $2.50 – $10.00. Based on these forecasts, analysts predict Westport Fuel Systems Inc. (WPRT) will achieve an average price target of $6.06.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

Related Articles