WPRT Stock Summary and Trading Ideas (Westport Fuel Systems - Common Shares | NASDAQ:WPRT)

Westport Fuel Systems Inc is an organization engaged in the engineering, manufacturing, and supply of alternative fuel systems and components for transportation applications. It has three operating segments; the Original Equipment Manufacturers segment-design, manufacture, and sell alternative fuel systems, components and electronics, and related engineering services, to OEMs that serve light-duty, medium-duty, and heavy-duty customers, the Independent Aftermarket segment includes IAM products, conversion kits, and components allow for the conversion of vehicles after being sold to the end-user through a network of dealers and installers, and Corporate includes public company activities, corporate oversight, financing, and capital allocation.

Westport Fuel Systems - Common Shares trades on the NASDAQ stock market under the symbol WPRT.

As of April 19, 2024, WPRT stock price climbed to $5.74 with 18,451 million shares trading.

WPRT has a beta of 2.13, meaning it tends to be more sensitive to market movements. WPRT has a correlation of 0.17 to the broad based SPY ETF.

WPRT has a market cap of $98.86 million. This is considered a Micro Cap stock.

Last quarter Westport Fuel Systems - Common Shares reported $87 million in Revenue and -$.81 earnings per share. This beat revenue expectation by $710,000 and missed earnings estimates by -$.30.

In the last 3 years, WPRT stock traded as high as $74.20 and as low as $4.90.

WPRT has underperformed the market in the last year with a price return of -22.3% while the SPY ETF gained +21.2%. WPRT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.7% and -8.3%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

WPRT support price is $5.51 and resistance is $5.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that WPRT stock will trade within this expected range on the day.