As of Friday close, Ballard Power Systems Inc.’s (NASDAQ:BLDP) stock was down -$0.15, moving down -2.93 percent to $4.97. The average number of shares traded per day over the past five days has been 3,481,820 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.31 fall in that time frame. In the last twenty days, the average volume was 2,628,195, while in the previous 50 days, it was 2,683,680.
Since last month, BLDP stock retreated -23.54%. Shares of the company fell to $4.77 on 03/17/23, the lowest level in the past month. A 52-week high of $12.57 was reached on 02/02/23 after having rallying from a 52-week low of $4.43. Since the beginning of this year, BLDP’s stock price has risen by 3.76% or $0.18, and marked a new high 13 times. However, the stock has declined by -60.46% since its 52-week high.
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The stock’s beta is 1.91. Besides these, the trailing price-to-sales (P/S) ratio of 15.74, the price-to-book (PB) ratio of 1.25.
In the three months ended September 29, Ballard Power Systems Inc.’s quick ratio stood at 13.60, while its current ratio was 14.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.01, and the total debt-to-equity ratio was 0.01. On the profitability front, the trailing twelve-month gross margin is -2.40% percent. Based on annual data, BLDP earned $14.01 million in gross profit and brought in $104.5 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.60%. Return on equity (ROE) for the past 12 months was -14.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Ballard Power Systems Inc. to report -$0.14 quarterly earnings, the actual figure was -$0.14 per share. During the quarter, the company generated -$40.78 million in EBITDA. The liabilities of Ballard Power Systems Inc. were 99.28 million at the end of its most recent quarter ended September 29, and its total debt was $15.72 million.
This quick technical analysis looks at Ballard Power Systems Inc.’s (BLDP) price momentum. With a historical volatility rate of 45.35%, the RSI 9-day stood at 30.20% on 17 March.
With respect to its five-day moving average, the current Ballard Power Systems Inc. price is down by -5.87% percent or -$0.31. At present, BLDP shares trade -19.45% below its 20-day simple moving average and -12.65% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.87% below its SMA50 and -31.64% below its SMA200.
Stochastic coefficient K was 17.11% and Stochastic coefficient D was 20.49%, while ATR was 0.33. Given the Stochastic reading of 15.51% for the 14-day period, the RSI (14) reading has been calculated as 35.01%. As of today, the MACD Oscillator reading stands at -0.30, while the 14-day reading stands at -0.43.
Scotiabank launched its rating on Ballard Power Systems Inc. (NASDAQ: BLDP) to a Sector perform in a note to investors on March 10, 2023. Ballard Power Systems Inc. (BLDP) has been rated Hold by analysts. According to 3 brokerage firms, BLDP is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Ballard Power Systems Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $6.25, the current consensus forecast for the stock is $4.00 – $15.00. Based on these forecasts, analysts predict Ballard Power Systems Inc. (BLDP) will achieve an average price target of $7.80.