Ballard Power Systems Inc. (NASDAQ:BLDP) saw an upside of 0.66% to close Monday at $13.76 after adding $0.09 on the day. The 5-day average trading volume is 2,791,180 shares of the company’s common stock. It has gained $14.22 in the past week. An average of 2,812,645 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,047,830.
BLDP’s 1-month performance is -9.95% or -$1.52 on its low of $12.78 reached on 10/06/21. The company’s shares have touched a 52-week low of $12.78 and high of $42.28, with the stock’s rally to the 52-week high happening on 02/09/21. YTD, BLDP has lost -41.20% or -$9.64. However, the current price is down -67.46%% from the 52-week high price.
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Ballard Power Systems Inc. (BLDP) has a trailing price-to-earnings (P/E) ratio of 20.30 for the broader industry and 28.50 for the sector.BLDP stock has a beta of 1.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 41.96 while the price-to-book (PB) in the most recent quarter is 2.95.
Ballard Power Systems Inc.’s quick ratio for the period ended June 29 was 23.10, with the current ratio over the same period at 23.80 meaning that BLDP stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.01, while the total debt to equity was 0.01. In terms of profitability, the gross margin trailing 12 months is 17.40%. The trailing 12-month EBITDA margin is -31.33% while for the period ending June 29; Ballard Power Systems Inc.’s operating margin was -59.50%. The firm’s gross profit as reported stood at $20.98 million against revenue of $103.88 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BLDP to announce -$0.05 per share in earnings in its latest quarter, but it posted -$0.07, representing a -40.00% surprise. EBITDA for the quarter stood at more than -$18.17 million. BLDP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 79.22 million, with total debt at $18.29 million
Let’s look briefly at Ballard Power Systems Inc. (BLDP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 41.48% to suggest the stock is trending Neutral, with historical volatility in this time period at 44.30%.
The stock’s 5-day moving average is $13.46, reflecting a +3.77% or $0.50 change from its current price. BLDP is currently trading -11.40% above its 20-day SMA, -10.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -14.90% and -41.40% respectively.
Stochastic %K and %D was 28.79% and 21.30% and the average true range (ATR) pointed at 0.68. The RSI (14) points at 40.86%, while the 14-day stochastic is at 31.82% with the period’s ATR at 0.70. The stock’s 9-day MACD Oscillator is pointing at 0.06 and -0.47 on the 14-day charts.
In the most recent analyst report for Ballard Power Systems Inc. (NASDAQ: BLDP), Wolfe Research launched coverage with an Underperform rating. Analysts offering their rating for BLDP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate BLDP as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 7 have offered a “buy” rating.
What is BLDP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $12.00 and a high of $42.10, with their median price target at $20.50. Looking at these predictions, the average price target given by analysts is for Ballard Power Systems Inc. (BLDP) stock is $21.93.