Ballard Power Systems Inc (NASDAQ:BLDP) currently has a daily average trading volume of 2.92M but it saw 2934311 shares traded in last market. With a market cap of 656.38M USD, the company’s current market price of $1.58 came falling about -1.25 while comparing to the previous closing price of $1.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.01 and as low as $1.52. In the recent trading on the day, stock has struck highest price mark of $1.55 while lowest mark touched by it was $1.6.
Taking a look at 20-day trading activity of Ballard Power Systems Inc (BLDP) gives us an average price of $1.6385, while its current price level is -60.65% 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 $1.7106 while that of 200 days or SMA-200 reads an average of $2.4955. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.26% during that period while stretching the period over a month that decreases to 5.02%. 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 43.96 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 0.64% up while it is -11.24% when we observe its performance for the past one month. Year-to-date it is -57.30% down and over the past year, the stock is showing a downside performance of -52.55%.
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 0.51 while price to sale or P/S ratio amounts to 6.30. Its return on asset (ROA) is -13.88% on average.
