Ballard Power Systems Inc. (NASDAQ:BLDP) saw a downside of -1.45% to close Tuesday at $4.08 after subtracting -$0.06 on the day. The 5-day average trading volume is 2,011,200 shares of the company’s common stock. It has gained $4.48 in the past week and touched a new high 1 time within the past 5 days. An average of 2,915,615 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,536,974.
BLDP’s 1-month performance is -11.50% or -$0.54 on its low of $4.02 reached on 08/22/23. The company’s shares have touched a 52-week low of $3.97 and high of $8.59, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BLDP has lost -14.82% or -$0.71 and has reached a new high 13 times. However, the current price is down -52.50% from the 52-week high price.
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Valuation Metrics
BLDP stock has a beta of 1.87. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 17.27 while the price-to-book (PB) in the most recent quarter is 1.11.
Ballard Power Systems Inc.’s quick ratio for the period ended June 29 was 12.70, with the current ratio over the same period at 13.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.01, while the total debt to equity was 0.01.. In terms of profitability, the gross margin trailing 12 months is -27.60%. The trailing 12-month EBITDA margin is -162.92%. The firm’s gross profit as reported stood at -$13.1 million against revenue of $83.79 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BLDP to announce -$0.13 per share in earnings in its latest quarter, but it posted -$0.1, representing a 23.10% surprise. EBITDA for the quarter stood at more than -$37.42 million. BLDP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 81.02 million, with total debt at $14.05 million.
Let’s look briefly at Ballard Power Systems Inc. (BLDP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 28.44% to suggest the stock is trending oversold, with historical volatility in this time period at 31.51%.
The stock’s 5-day moving average is $4.18, reflecting a -7.27% or -$0.32 change from its current price. BLDP is currently trading -9.73% above its 20-day SMA, -24.44% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.34% and SMA200 by-22.73%.
Stochastic %K and %D was 6.74% and 5.95% and the average true range (ATR) pointed at 0.21. The RSI (14) points at 35.93%, while the 14-day stochastic is at 5.51% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.36 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ballard Power Systems Inc. (NASDAQ: BLDP), Citigroup launched coverage with a Neutral rating.
What is BLDP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $15.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Ballard Power Systems Inc. (BLDP) stock is $6.08.
