The stock of Ballard Power Systems Inc. (NASDAQ:BLDP) decreased by -$0.28 on Tuesday to finish at $4.40, down -5.98 percent. The last five days have seen an average of 2,839,900 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.39. The average number of shares traded over the last 20 days was 3,025,865, while the average volume over the last 50 days totaled 3,602,246.
BLDP stock dropped -6.38% since last month. On 08/02/23, the company’s shares reached a one-month low of $4.38. The stock touched a high of $9.23 on 02/02/23, after rallying from a low of $3.97 in 52 weeks. The price of BLDP stock has declined by -8.14% or -$0.39 this year, reaching a new high 13 times. Still, the stock price is down -52.30% from the 52-week high.
Valuation Metrics
Beta for the stock is 1.85. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 18.64, the price-to-book (PB) ratio of 1.20.
Financial Health
For the recent quarter, Ballard Power Systems Inc.’s quick ratio was 12.70, while its current ratio was 13.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter 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 -27.60% percent. Based on annual data, it had gross profit of -$13.1 million and revenue of $83.79 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 -11.50%. There was a -14.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -12.40%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. EBITDA was -$37.42 million for the quarter. At the end of Ballard Power Systems Inc.’s most recent quarter, its liabilities totaled 81.02 million, while its total debt was $14.05 million.
Technical Picture
Here’s a quick look at Ballard Power Systems Inc.’s (BLDP) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 39.32%, suggesting the stock is Neutral, with a 59.94% historical volatility rate.
The stochastic %K and %D were 25.57% and 33.49% respectively, while the average true range (ATR) was 0.26. Based on the 14-day stochastic reading of 2.74%, the RSI (14) reading is 43.93%. On the 9-day MACD Oscillator, the stock is at -0.11, and the 14-day reading is at -0.08.
Analyst Ratings
In its analyst report released on July 05, 2023, Citigroup began covering Ballard Power Systems Inc. (NASDAQ: BLDP). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Ballard Power Systems Inc. (BLDP) an Hold rating. BLDP is a stock that is recommended for selling by 4 brokerage firms, while 18 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 1 other recommend it as a buy.
What is BLDP’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.00 and $15.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Ballard Power Systems Inc. (BLDP) is $6.08.
