Ballard Power Systems Inc. (NASDAQ:BLDP) currently has a daily average trading volume of 2.76M but it saw 3378042 shares traded in last market. With a market cap of 500.01M USD, the company’s current market price of $1.67 came falling about -6.18 while comparing to the previous closing price of $1.78. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.01 and as low as $1.61. In the recent trading on the day, stock has struck highest price mark of $1.645 while lowest mark touched by it was $1.77.
Taking a look at 20-day trading activity of Ballard Power Systems Inc. (BLDP) gives us an average price of $1.7255, while its current price level is -58.41% below from 52-week high level whereas it is 3.73% 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 $1.8578 while that of 200 days or SMA-200 reads an average of $2.6887. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.13% during that period while stretching the period over a month that decreases to 5.85%. 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 42.76 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 -4.57% down while it is -2.34% when we observe its performance for the past one month. Year-to-date it is -54.86% down and over the past year, the stock is showing a downside performance of -50.88%.
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 in November, for which analysts forecasted an EPS of -0.18 while estimate for next year EPS is -0.67. In next quarter, company is expected to be making quarterly sales of $60.27M as analysts are expecting the sales for current fiscal year at $137.61M and seeing the company making $173.48M in sales next year. Moreover, analysts are in estimates of $33.47M for current-quarter revenue.
Currently, Ballard Power Systems Inc.’s total number of outstanding shares is 298.94M. Company’s return on investment (ROI) stands at -19.70% and return on equity (ROE) at -15.12%. Stock’s beta reads 1.77. Stock has a price to book (P/B) ratio of 0.54 while price to sale or P/S ratio amounts to 4.80. Its return on asset (ROA) is -13.88% on average.
