Analytical Overview: Ballard Power Systems Inc. (BLDP)’s Ratios Tell a Financial Story

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In other words, the price has increased by $0.00 from its previous closing price. On the day, 2.6 million shares were traded. BLDP stock price reached its highest trading level at $1.71 during the session, while it also had its lowest trading level at $1.66.

Ratios:

To gain a deeper understanding of BLDP’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.05 and its Current Ratio is at 10.90. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.

On October 24, 2023, HSBC Securities Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $4.50.

On September 25, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $4.50.HSBC Securities initiated its Hold rating on September 25, 2023, with a $4.50 target price.

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 500011360 and an Enterprise Value of -152098000. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.80 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at -1.459 whereas that against EBITDA is 0.981.

Stock Price History:

Over the past 52 weeks, BLDP has reached a high of $4.01, while it has fallen to a 52-week low of $1.61. The 50-Day Moving Average of the stock is -15.65%, while the 200-Day Moving Average is calculated to be -39.84%.

Shares Statistics:

It appears that BLDP traded 2.73M shares on average per day over the past three months and 3165700 shares per day over the past ten days. A total of 298.94M shares are outstanding, with a floating share count of 245.59M. Insiders hold about 17.97% of the company’s shares, while institutions hold 23.73% stake in the company. Shares short for BLDP as of 1724976000 were 17971900 with a Short Ratio of 6.58, compared to 1722384000 on 20203849.

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