Westport Fuel Systems Inc. (WPRT) shares are trading at higher $4.23 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $4.30.
To add more color to this target, the company’s high over the last year is $4.40 and the low is $0.70. Over the last 52 weeks, WPRT is up 84.72% while the S&P 500 is up 18.53%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, WPRT reported a profit of $10.04 million. Westport Fuel Systems Inc. also saw revenues increase to $65.41 million. In addition, WPRT has free cash flow of -$27.71 million as of 09-2020. The company’s EBITDA came in at -$1.47 million which compares well with its peers.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. WPRT has a short ratio of 1.49 and outstanding shares of 137.04M.
WPRT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.79 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.08. Westport Fuel Systems Inc. WPRT also noted assets of $306.41 million at the end of the last quarter. Investors should also keep an eye on sector updates as WPRT has historically followed its peers on positive news.
All told, Westport Fuel Systems Inc. WPRT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, WPRT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Westport Fuel Systems Inc. WPRT is now commanding a market cap of 579.68M and a float of 117.19M. WPRT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of WPRT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in WPRT, either long or short, and we have not been compensated for this article.