Update from Westport Fuel Systems Inc. (WPRT): A steady trajectory

In the latest session, Westport Fuel Systems Inc. (NASDAQ: WPRT) closed at $0.69 down -3.76% from its previous closing price of $0.72. In other words, the price has decreased by -$0.0269 from its previous closing price. On the day, 995006 shares were traded. WPRT stock price reached its highest trading level at $0.7298 during the session, while it also had its lowest trading level at $0.6701.

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For a deeper understanding of Westport Fuel Systems Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 2.00. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.18.

Upgrades & Downgrades

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WPRT now has a Market Capitalization of 130.91M and an Enterprise Value of 121.25M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.45. Its current Enterprise Value per Revenue stands at 0.40 whereas that against EBITDA is -7.52.

Stock Price History:

Over the past 52 weeks, WPRT has reached a high of $1.60, while it has fallen to a 52-week low of $0.66. The 50-Day Moving Average of the stock is 0.7986, while the 200-Day Moving Average is calculated to be 0.9419.

Shares Statistics:

For the past three months, WPRT has traded an average of 466.27K shares per day and 259.49k over the past ten days. A total of 171.69M shares are outstanding, with a floating share count of 151.59M. Insiders hold about 11.53% of the company’s shares, while institutions hold 14.30% stake in the company. Shares short for WPRT as of Apr 27, 2023 were 2.2M with a Short Ratio of 2.20M, compared to 2.11M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.28% and a Short% of Float of 1.28%.

Earnings Estimates

There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.07, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.05 and low estimates of -$0.07.

Analysts are recommending an EPS of between -$0.22 and -$0.25 for the fiscal current year, implying an average EPS of -$0.23. EPS for the following year is -$0.13, with 7 analysts recommending between -$0.09 and -$0.19.

Revenue Estimates

A total of 8 analysts believe the company’s revenue will be $83M this quarter.It ranges from a high estimate of $87.5M to a low estimate of $79.17M. As of the current estimate, Westport Fuel Systems Inc.’s year-ago sales were $79.96M, an estimated increase of 3.80% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $76.66M, an increase of 0.70% less than the figure of $3.80% in the same quarter last year. There is a high estimate of $80M for the next quarter, whereas the lowest estimate is $73.9M.

A total of 8 analysts have provided revenue estimates for WPRT’s current fiscal year. The highest revenue estimate was $335.3M, while the lowest revenue estimate was $323.7M, resulting in an average revenue estimate of $328.3M. In the same quarter a year ago, actual revenue was $305.7M, up 7.40% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $378.64M in the next fiscal year. The high estimate is $401.82M and the low estimate is $360.4M. The average revenue growth estimate for next year is up 15.30% from the average revenue estimate for this year.