Why Westport Fuel Systems Inc. [WPRT] Stock Can Run Back to New Highs Quicker Than You Think

Westport Fuel Systems Inc. [WPRT] shares are up more than 64.73% this year and recently decreased -0.01% or -$0.02 to settle at $3.95. Analysts expect WPRT to grow earnings at a 30.00% annual rate over the next 5 years. WPRT has a short ratio of 1.49. This implies that the market is currently less bearish on the outlook for WPRT.

On 19, November 2020, Cummins Westport Announces Changes to its Board of Directors and Management Team. According to news published on Yahoo Finance, Cummins Westport Inc. (“CWI”) today announced changes to its Board of Directors and Management in accordance with the terms of the 50/50 Joint Venture Agreement between Cummins Inc. (NYSE:CMI) and Westport Fuel Systems Inc. (TSX:WPRT/NASDAQ:WPRT). The changes take effect January 1, 2021.

Analyst Birdseye View:

The most recent analyst activity for Westport Fuel Systems Inc. [NASDAQ:WPRT] stock was on February 05, 2019, when it was Downgrade with a Hold rating from Lake Street. Before that, on May 10, 2019, Lake Street Recapitulated a Buy rating and elevated its amount target to $5. On September 20, 2018, H.C. Wainwright Initiated a Buy rating and boosted its price target on this stock to $6. On November 15, 2017, Lake Street Reiterated a Buy rating and increased its price target from $5 to $5. On October 05, 2017, Lake Street Reiterated a Hold rating and increased its price target to $5. On August 17, 2017, Oppenheimer Initiated an Outperform rating and boosted its amount on this stock to $3. On June 20, 2016, Rodman & Renshaw Initiated a Buy rating and boosted its target amount on this stock to $5. On November 11, 2015, RBC Capital Mkts Reiterated a Sector perform rating and amplified its amount target to $4.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.70 and a peak of $4.40. Right now, according to Wall Street analyst the average 12-month amount target is $4.30. At the most recent market close, shares of Westport Fuel Systems Inc. [NASDAQ:WPRT] were valued at $3.95. According to the average price forecast, investors can expect a potential return of -7.5%.

FUNDAMENTAL ANALYSIS

Westport Fuel Systems Inc. [NASDAQ:WPRT] most recently reported quarterly sales of 87.16 billion, which represented growth of -13.30%. This publicly-traded organization’s revenue is $313,101 per employee, while its income is $193 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.07, 0.21, -13.11 and 0.12 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 48.65 and the whole liability to whole assets at 30.24. It shows enduring liability to the whole principal at 34.91 and enduring liability to assets at 0.22 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 3.84 points at 1st support level, the second support level is making up to 3.70. But as of 1st resistance point, this stock is sitting at 4.12 and at 4.26 for 2nd resistance point.

Westport Fuel Systems Inc. [WPRT] reported its earnings at $0.01 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.04/share signifying the difference of 0.05 and 125.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.02 calling estimates for -$0.07/share with the difference of 0.09 depicting the surprise of 128.60%.

Important Ratio’s To Watch

Quick ratio, showing Cash ratio at 0.40. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.02 and it’s amount to book ratio is 3.61.