WPRT Daily TimeFrame Analysis (ID 1)✳️Position ID: 1
📈Stock: WPRT
🏦Exchange: TSX
⚖️Leverage: 0% (x:x)
💰Price: 1.45$
🔥Quantity: 50
🐃Position: Long
⏱Duration: 6 months to 5 years
💥Upside: 160.00% at 3.77$
*Info based of Q1 2022
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WPRT trade ideas
WPRT BullishDouble bottom at .95 after testing the .23 fibonacci level. MACD recently crossed and both short term and long term Force Index have turned positive.
Rising on balance volume may indicate institutional buying at these relatively low levels.
Short term target 1.37.
1.63, 1.84 likely longer term targets
Westport Fuel Systems IncWestPort will begin a steady slow build after a painful 10 month and 6 mnth(June Shelf ) accelerated fall. Plenty of cash and revenues should start accelerating in first quarter. 4th quarter should show new sales activity bubbling up. Look for a relatively easy 100% gain from these low 2's by mid year 2022. Drifting in oversold territory currently.
#Target $2.65Despite the consequences of persisting COVID limitations, supply chain constraints, and
other challenges that the worldwide sector is now suffering, the firm produced record annual
sales in FY2021. The acquisition of Stako significantly boosted the company's 2021
performance and, more crucially, increased its product line and production capabilities.
A crucial positive is that the balance sheet and organizational changes accomplished
throughout the year position the company well to meet its mid- and long-term goals.
Furthermore, the firm may encounter margin issues because it sells its products to various
OEMs and other IAM customers in Russia, and the sanctions may have an impact on its
business in Russia. Hence considering the aforementioned risks and rationales we
recommend a ‘Speculative Buy’ rating on the stock of WPRT at the current market
price of CAD 2.10 at 9:46 A.M Toronto time on March 30, 2022. Additionally, the
markets are trading in a highly volatile zone currently due to certain macro-economic
issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a
cautious approach while investing.
WPRT BullishRecent MACD cross and D+ crossing D- on the ADX indicator are both bullish. In addition recent price tested the .23 fib level. Looking for a close above the .23 fib level and ideally for the price to close above the descending trend line to enter for a long swing trade.
targets: 2.77, 3, 3.22 in the short-medium term
WPRT breaking out
Chart says it all. Should trade up into earnings. Once the Amazon engine deal starts paying dividends they'll have some real earnings. I assume this is the first of many orders. Hopefully will use 21-day EMA as support going forward. Natural gas engines are more environmentally friendly so it will help companies reach emission and ESG goals.
seekingalpha.com
Westport Fuel Systems bullish formation Westport Fuel Systems, Inc. engages in the engineering, manufacture, and supply of alternative fuel systems and components. It operates through the following segments: Transportation, Cummins Westport Inc. (CWI) Joint Venture, and Corporate. The Transportation segment designs, manufactures, and sells alternative fuel systems and components for transportation applications. The CWI Joint Venture segment serves the medium and heavy-duty on highway engine markets. The Corporate segment refers to the public company activities, corporate oversight, and general administrative duties. The company was founded on March 20, 1995 and is headquartered in Vancouver, Canada.
$WPRT Strong growth has got investors attention.******THE STOCK OF NASDAQ:WPRT HAS HAD SOME FANTASTIC PRICE ACTION FOLLOWING A FANTASTIC EARNINGS REPORT WHICH HAS CAPTURED THE ATTENTION OF INVESTORS. LOOK OUT FOR CONTINUATION OF THE TREND TOWARDS $3.60********
RECENT EARNINGS HIGHLIGHTS
"Our Q1 2019 results are another validation of our strategy and reflect improved performance across all of our businesses," said David M. Johnson, Chief Executive Officer of Westport Fuel Systems. "Strong revenue gains versus both Q4 2018 and Q1 a year ago drove a positive adjusted EBITDA of $7.3 million compared to $0.2 million in Q4 2018 and negative $3.4 million a year ago. Our diversity of commercially available products applicable to the full range of transportation applications and available in markets around the world are the key to our improving results. Favourable macro-economic factors and stricter emissions regulations are driving OEM and consumer demand for our market-ready alternative fuel technologies."
Strong CWI performance with net income to the Company of $8.6 million in Q1 2019 compared to $5.7 million in Q4 2018 and $1.5 million in Q1 2018. In Q1 2018, CWI recorded low unit sales due to pre-buy activities in the fourth quarter of 2017 in advance of the 2018 on-board diagnostic compliant engines.
Driven by strong growth in Westport HPDI 2.0(TM) sales and continued strength in the independent aftermarket business, Transportation revenue was up 15% over Q1 2018 and 21% over Q4 2018.
AVERAGE ANALYSTS PRICE TARGET $4.91
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
COMPANY PROFILE
Westport Fuel Systems, Inc. engages in the engineering, manufacture, and supply of alternative fuel systems and components. It operates through the following segments: Transportation, Cummins Westport Inc. (CWI) Joint Venture, and Corporate. The Transportation segment designs, manufactures, and sells alternative fuel systems and components for transportation applications. The CWI Joint Venture segment serves the medium and heavy-duty on highway engine markets. The Corporate segment refers to the public company activities, corporate oversight, and general administrative duties. The company was founded on March 20, 1995 and is headquartered in Vancouver, Canada.
WPRT.TO Swing Trade on Short-Term MomentumThere has been a short-term momentum shift in this stock. Following a swift pullback in the long-term utprend, the price recently rallied aggressively, erasing the last leg of the pullback. This could indicate the next up phase is starting.
Target is fairly aggressive for a short-term trade. If there is a strong reversal near the target, just get out. Trailing stop loss can be used as well. It has tended to give back a fair bit on the reversals due to the swift down moves.
Reward:risk is great, although I willing to get out early on this one, so actual reward:risk may end up being slightly lower.
disclosure: long.