After finishing at $2.73 in the prior trading day, Ballard Power Systems Inc. (NASDAQ: BLDP) closed at $2.78, up 1.83%. In other words, the price has increased by $+0.0500 from its previous closing price. On the day, 3824129 shares were traded.
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Ratios:
Our goal is to gain a better understanding of BLDP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 11.60 and its Current Ratio is at 12.25. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
On September 25, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $4.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BLDP now has a Market Capitalization of 834.87M and an Enterprise Value of 99.53M. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.12 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 0.97 whereas that against EBITDA is -0.77.
Stock Price History:
Over the past 52 weeks, BLDP has reached a high of $5.70, while it has fallen to a 52-week low of $2.70. The 50-Day Moving Average of the stock is 3.2004, while the 200-Day Moving Average is calculated to be 3.7958.
Shares Statistics:
The stock has traded on average 2.96M shares per day over the past 3-months and 3.66M shares per day over the last 10 days, according to various share statistics. A total of 298.94M shares are outstanding, with a floating share count of 241.91M. Insiders hold about 19.10% of the company’s shares, while institutions hold 22.17% stake in the company. Shares short for BLDP as of Feb 29, 2024 were 22.85M with a Short Ratio of 7.73, compared to 23.35M on Jan 31, 2024.
Earnings Estimates
Its stock is currently analyzed by 16 different market analysts. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.17, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.11 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.42 and -$2 for the fiscal current year, implying an average EPS of -$0.59. EPS for the following year is -$0.45, with 18 analysts recommending between -$0.15 and -$0.54.
Revenue Estimates
14 analysts predict $18.28M in revenue for the current quarter. It ranges from a high estimate of $38.32M to a low estimate of $13M. As of the current estimate, Ballard Power Systems Inc.’s year-ago sales were $13.35M, an estimated increase of 37.00% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $21.28M, an increase of 34.00% less than the figure of $37.00% in the same quarter last year. There is a high estimate of $38.54M for the next quarter, whereas the lowest estimate is $15M.
A total of 20 analysts have provided revenue estimates for BLDP’s current fiscal year. The highest revenue estimate was $165.49M, while the lowest revenue estimate was $105.7M, resulting in an average revenue estimate of $119.33M. In the same quarter a year ago, actual revenue was $102.4M, up 16.50% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $174.29M in the next fiscal year. The high estimate is $234.8M and the low estimate is $120.3M. The average revenue growth estimate for next year is up 46.10% from the average revenue estimate for this year.
