The stock of Ballard Power Systems Inc. (NASDAQ:BLDP) increased by $0.28 on Tuesday to finish at $6.48, up 4.52 percent. The last five days have seen an average of 4,281,680 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$6.08. The average number of shares traded over the last 20 days was 3,967,330, while the average volume over the last 50 days totaled 4,279,706.
BLDP stock dropped -12.55% since last month. On 06/14/22, the company’s shares reached a one-month low of $5.75. The stock touched a high of $19.66 on 01/03/22, after rallying from a low of $5.75 in 52 weeks. The price of BLDP stock has declined by -48.41% or -$6.08 this year, reaching a new high 1 time. Still, the stock price is down -67.04% from the 52-week high.
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Beta for the stock is 1.72. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 16.96, the price-to-book (PB) ratio of 1.50.
For the three months ended June 29, Ballard Power Systems Inc.’s quick ratio was 14.60, while its current ratio was 15.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.01, and the total debt to equity ratio is 0.01. As far as profitability goes, gross margin for the trailing twelve months is 10.40% percent. Ballard Power Systems Inc.’s operating margin stood at -96.00% for the same period. Based on annual data, it had gross profit of $14.01 million and revenue of $104.5 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BLDP’s return on assets (ROA) during the last 12 months has been -9.50%. There was a -6.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -10.20%.
According to Ballard Power Systems Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Ballard Power Systems Inc.’s quarterly earnings would be -$0.07, but it ended up being -$0.05. EBITDA was -$27.41 million for the quarter. At the end of Ballard Power Systems Inc.’s most recent quarter ended June 29, its liabilities totaled 104.48 million, while its total debt was $17.12 million.
Here’s a quick look at Ballard Power Systems Inc.’s (BLDP) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 45.87%, suggesting the stock is Neutral, with a 96.42% historical volatility rate.
The stochastic %K and %D were 25.37% and 18.90% respectively, while the average true range (ATR) was 0.50. Based on the 14-day stochastic reading of 34.43%, the RSI (14) reading is 43.87%. On the 9-day MACD Oscillator, the stock is at -0.25, and the 14-day reading is at -0.60.
What is BLDP’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $35.00, with a median target price of $9.00. In analyzing these forecasts, the average price target given by analysts for Ballard Power Systems Inc. (BLDP) is $11.84.