Where Does Ballard Power Systems Inc. (BLDP) Rank When It Comes To Price-To-Earnings Ratio?

Ballard Power Systems Inc. (NASDAQ:BLDP) finished Wednesday with an addition of $1.18 to close at $16.12, an upside of 7.90 percent. An average of 4,062,060 shares of common stock have been traded in the last five days. There was a gain of $3.04 in the past week. The last 20 days have seen an average of 3,157,435 shares traded, while the 50-day average volume stands at 3,220,508.

BLDP stock has increased by 3.93% in the last month. The company shares reached their 1-month lowest point of $12.78 on 10/06/21. With the stock rallying to its 52-week high on 02/09/21, shares of the company touched a low of $12.78 and a high of $42.28 in 52 weeks. In spite of this, the price is down -61.87% from the 52-week high.

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Valuation Metrics

Ballard Power Systems Inc. (BLDP) has a trailing price-to-earnings (P/E) ratio of 20.30 for the broader industry and 28.57 for the sector. The stock’s beta is 1.44. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 49.15, the price-to-book (PB) ratio at 3.45.

The quick ratio of Ballard Power Systems Inc. for the three months ended June 29 was 23.10, and the current ratio was 23.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.01 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 17.40% against a 5-year average of 26.9%. Ballard Power Systems Inc.’s EBITDA margin for the year ending June 29 is -31.33%, while its operating margin for the same period stands at -59.50%. Its gross profit as reported stood at $20.98 million compared to revenue of $103.88 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ballard Power Systems Inc.’s return on assets was -5.90%, compared to -9.3% over the last five years. In the past year, the return on investment has been -4.30%, and the 5-year average is -11.5%. Meanwhile, the return on equity (ROE) for the past 12 months has been -6.30% and the 5-year average holds at -12.4%. For the broader industry, ROE averaged 7.02 over the past year.

Earnings Surprise

The analyst consensus anticipated Ballard Power Systems Inc.’s latest quarter earnings to come in at -$0.05 per share, but it turned out to be -$0.07, a -40.00% surprise. For the quarter, EBITDA amounted to -$18.17 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Ballard Power Systems Inc. (BLDP) price momentum. RSI 9-day as of the close on 13 October was 70.38%, suggesting the stock is Overbought, with historical volatility in this time frame at 64.22%.

As of today, BLDP’s price is $14.41 +23.24% or $3.04 from its 5-day moving average. BLDP is currently trading +6.19% higher than its 20-day SMA and -1.65% lower than its 100-day SMA. However, the stock’s current price level is +3.14% above the SMA50 and -29.48% below the SMA200.

The stochastic %K and %D were 67.12% and 46.51%, respectively, and the average true range (ATR) was 0.79. With the 14-day stochastic at 99.40% and the average true range at 0.77, the RSI (14) stands at 61.62%. The stock has reached 0.98 on the 9-day MACD Oscillator while the 14-day reading was at 0.81.

Analyst Ratings

Wolfe Research launched coverage on Ballard Power Systems Inc. (NASDAQ: BLDP) in its analyst report released on September 01, 2021. The firm assigned the stock a an Underperform rating.The consensus rating for Ballard Power Systems Inc. (BLDP) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BLDP, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 7 others rate it as a “buy”.

What is BLDP’s price target for the next 12 months?

Analysts predict a range of price targets between $12.00 and $42.10, with a median target of $20.00. Taking a look at these predictions, the average price target given by analysts for Ballard Power Systems Inc. (BLDP) stock is $21.82.


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