Ballard Power Systems Inc. (NASDAQ:BLDP) currently has a daily average trading volume of 2.85M but it saw 2843766 shares traded in last market. With a market cap of 482.05M USD, the company’s current market price of $1.61 came falling about -4.17 while comparing to the previous closing price of $1.68. 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 $1.6 while lowest mark touched by it was $1.67.
Taking a look at 20-day trading activity of Ballard Power Systems Inc. (BLDP) gives us an average price of $1.7195, while its current price level is -59.90% below from 52-week high level whereas it is 0.00% 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 $1.8010 while that of 200 days or SMA-200 reads an average of $2.6404. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.00% during that period while stretching the period over a month that increases to 5.87%. 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 40.25 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 -3.59% down while it is -8.00% when we observe its performance for the past one month. Year-to-date it is -56.49% down and over the past year, the stock is showing a downside performance of -56.95%.
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 1.78. Stock has a price to book (P/B) ratio of 0.52 while price to sale or P/S ratio amounts to 4.63. Its return on asset (ROA) is -13.88% on average.
