What The Financials Tell Us About Ballard Power Systems Inc. (BLDP)

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MNDY Stock
MNDY Stock

Ballard Power Systems Inc. (NASDAQ:BLDP) finished Wednesday with an addition of $0.15 to close at $6.96, an upside of 2.20 percent. An average of 2,876,520 shares of common stock have been traded in the last five days. There was a fall of -$0.65 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,791,640 shares traded, while the 50-day average volume stands at 3,853,796.

BLDP stock has decreased by -4.40% in the last month. The company shares reached their 1-month lowest point of $6.78 on 09/20/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $5.75 and a high of $19.66 in 52 weeks. It has reached a new high 1 time so far this year and lost -44.59% or -$5.60 in price. In spite of this, the price is down -64.60% from the 52-week high.


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Valuation Metrics

Ballard Power Systems Inc. (BLDP) stock’s beta is 1.73. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 20.49, the price-to-book (PB) ratio at 1.69.

Financial Health

The quick ratio of Ballard Power Systems Inc. for the three months ended June 29 was 14.40, and the current ratio was 15.20, 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. Its gross profit as reported stood at $14.01 million compared to revenue of $104.5 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 -12.20%.

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 -$37.22 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 21 September was 35.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 55.06%.

As of today, BLDP’s price is $7.16 -8.54% or -$0.65 from its 5-day moving average. BLDP is currently trading -5.69% lower than its 20-day SMA and -17.44% lower than its 100-day SMA. However, the stock’s current price level is +2.96% above the SMA50 and -47.39% below the SMA200.

The stochastic %K and %D were 12.72% and 16.67%, respectively, and the average true range (ATR) was 0.41. With the 14-day stochastic at 13.24% and the average true range at 0.43, the RSI (14) stands at 39.94%. The stock has reached -0.43 on the 9-day MACD Oscillator while the 14-day reading was at -0.41.

Analyst Ratings

Raymond James downgraded Ballard Power Systems Inc. (NASDAQ: BLDP) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Ballard Power Systems Inc. (BLDP) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell BLDP, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 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 $5.00 and $32.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for Ballard Power Systems Inc. (BLDP) stock is $11.93.

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