Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Westport Fuel Systems Inc (NASDAQ: WPRT) weakened during the last several trading days. WPRT’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Westport Fuel Systems Inc (NASDAQ: WPRT) stock rose modestly by 0.6% on 4/8/24. The stock closed at $6.20. However, trading volume in this advance was unusually low at 64% of normal. The stock has been weak relative to the market over the last nine months and has declined -7.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, WPRT is expected to be Value Creation neutral.
Westport Fuel Systems has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Westport Fuel Systems has a slightly positive Appreciation Score of 65 but a poor Power Rating of 17, resulting in the Negative Value Trend Rating.
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