Westport Fuel Systems Inc. (NASDAQ:WPRT) shares fell to a low of $8.81 before closing at $9.26. Intraday shares traded counted 5.33 million, which was -26.42% lower than its 30-day average trading volume of 4.22M. WPRT’s previous close was $8.39 while the outstanding shares total 137.04M. The firm The stock’s Relative Strength Index (RSI) is 51.49, with weekly volatility at 14.16% and ATR at 1.06. The WPRT stock’s 52-week price range has touched low of $0.70 and a $12.95 high. The stock traded higher over the last trading session, gaining 10.37% on 03/10/21.
Investors have identified the Auto Parts company Westport Fuel Systems Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.27 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Westport Fuel Systems Inc. (WPRT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For WPRT, the company has in raw cash 46.32 million on their books with 12.1 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 186.22 million total, with 127.73 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.09 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on WPRT sounds very interesting.
Is the stock of WPRT attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 14.69%.
4 out of 5 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Westport Fuel Systems Inc.. 0 analysts has assigned a Sell rating on the WPRT stock. The 12-month mean consensus price target for the company’s shares has been set at $9.90.