With over 3.39 million Westport Fuel Systems Inc. (WPRT) shares trading Tuesday and a closing price of $0.89 on the day, the dollar volume was approximately $3.01 million. The shares have shown a negative half year performance of -24.15% and its price on 03/14/23 lost nearly -24.15%. Currently, there are 171.25M common shares owned by the public and among those 151.59M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 8 analysts who have offered their price forecasts for WPRT have a consensus price objective of $3.97. The analysts have set the share’s price value over the next 12 months at a high of $7.00 and a low of $1.50. But an upside of 87.29% will see the stock hit the forecast high price target while median target price for the stock is $4.00.
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The top 3 mutual fund holders in Westport Fuel Systems Inc. are Canadian General Investments Ltd., AZ Fund 1 – AZ Allocation – CGM B, and AZ Fund 1 – CGM Opportunistic Glo. Canadian General Investments Ltd. owns 2.2 million shares of the company’s stock, all valued at over $2.55 million. AZ Fund 1 – AZ Allocation – CGM B sold 73113.0 shares to see its total holdings shrink to 0.31 million shares valued at over $0.36 million and representing 0.18% of the shares outstanding. AZ Fund 1 – CGM Opportunistic Glo sold 10000.0 shares to bring its total holdings to over 0.2 million shares at a value of $0.23 million. AZ Fund 1 – CGM Opportunistic Glo now owns shares totaling to 0.12% of the shares outstanding.
Shares of Westport Fuel Systems Inc. (NASDAQ: WPRT) opened at $1.05, down -$0.13 from a prior closing price of $1.18. However, the script later moved the day high at 1.1350, down -24.15%. The company’s stock has a 5-day price change of -26.03% and -3.76% over the past three months. WPRT shares are trading 15.51% year to date (YTD), with the 12-month market performance down to -37.85% lower. It has a 12-month low price of $0.75 and touched a high of $1.79 over the same period. WPRT has an average intraday trading volume of 507.59K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -23.39%, -15.65%, and -12.73% respectively.
Institutional ownership of Westport Fuel Systems Inc. (NASDAQ: WPRT) shares accounts for 17.01% of the company’s 171.25M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $227.30M and a beta (3y monthly) value of 2.83. The earnings-per-share (ttm) stands at -$0.09. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.84% over the week and 9.02% over the month.
Analysts forecast that Westport Fuel Systems Inc. (WPRT) will achieve an EPS of -$0.06 for the current quarter, -$0.05 for the next quarter and -$0.18 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of -$0.05. Comparatively, EPS for the current quarter was $0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 257.00%, and 10.00% over the next financial year. EPS should grow at an annualized rate of 30.00% over the next five years, compared to 15.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Westport Fuel Systems Inc. (WPRT) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 3 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the WPRT, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Sector Perform rating for the stock in a research note on October 24, 2022, with the firm’s price target at $2.50. JP Morgan coverage for the Westport Fuel Systems Inc. (WPRT) stock in a research note released on September 09, 2021 offered a Neutral rating with a price target of $5. H.C. Wainwright on their part issued Buy rating on September 20, 2018.
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