Ballard Power Systems Inc. (NASDAQ:BLDP) currently has a daily average trading volume of 2.53M but it saw 2807847 shares traded in last market. With a market cap of 550.88M USD, the company’s current market price of $1.84 came falling about -3.16 while comparing to the previous closing price of $1.90. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.34 and as low as $1.77. In the recent trading on the day, stock has struck highest price mark of $1.83 while lowest mark touched by it was $1.92.
Taking a look at 20-day trading activity of Ballard Power Systems Inc. (BLDP) gives us an average price of $1.9860, while its current price level is -57.60% below from 52-week high level whereas it is 3.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.2498 while that of 200 days or SMA-200 reads an average of $2.9532. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.71% during that period while stretching the period over a month that increases to 5.88%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 37.20 which implies that the stock is in neutral territory.
HSBC Securities upgraded its recommendation for the stock as a “Buy” from “Hold” on October 24, 2023 while assigning a price target of $4.50. HSBC Securities issued its recommendations for the stock as it initiated the price target for the stock is $4.50.
Over the week, BLDP’s stock price is moving -0.54% down while it is -17.49% when we observe its performance for the past one month. Year-to-date it is -50.27% down and over the past year, the stock is showing a downside performance of -54.90%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.28 beaten by the consensus estimate of -0.18 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-05, for which analysts forecasted an EPS of -0.18 while estimate for next year EPS is -0.68. In next quarter, company is expected to be making quarterly sales of $61.59M as analysts are expecting the sales for current fiscal year at $141.28M and seeing the company making $184.66M in sales next year. Moreover, analysts are in estimates of $35.05M for current-quarter revenue.
Currently, Ballard Power Systems Inc.’s total number of outstanding shares is 298.94M with 15.53% of that held by the insiders while 30.10% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -19.70% and return on equity (ROE) at -15.12%. Stock’s beta reads 1.79. Stock has a price to book (P/B) ratio of 0.60 while price to sale or P/S ratio amounts to 5.29. Its return on asset (ROA) is -13.88% on average.
