Ballard Power Systems Inc. (NASDAQ:BLDP) currently has a daily average trading volume of 2.73M but it saw 2241517 shares traded in last market. With a market cap of 479.06M USD, the company’s current market price of $1.60 came falling about -1.84 while comparing to the previous closing price of $1.63. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.01 and as low as $1.60. In the recent trading on the day, stock has struck highest price mark of $1.59 while lowest mark touched by it was $1.63.
Taking a look at 20-day trading activity of Ballard Power Systems Inc. (BLDP) gives us an average price of $1.6990, while its current price level is -60.15% 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 $1.7668 while that of 200 days or SMA-200 reads an average of $2.5877. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.67% during that period while stretching the period over a month that increases to 4.89%. 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 40.72 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 -0.62% down while it is -6.98% when we observe its performance for the past one month. Year-to-date it is -56.76% down and over the past year, the stock is showing a downside performance of -56.87%.
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 0.52 while price to sale or P/S ratio amounts to 4.60. Its return on asset (ROA) is -13.88% on average.
