After finishing at $3.13 in the prior trading day, Ballard Power Systems Inc. (NASDAQ: BLDP) closed at $3.24, up 3.51%. In other words, the price has increased by $+0.1100 from its previous closing price. On the day, 2777667 shares were traded.
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 937.59M and an Enterprise Value of 202.24M. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.46 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 1.98 whereas that against EBITDA is -1.56.
Stock Price History:
Over the past 52 weeks, BLDP has reached a high of $5.68, while it has fallen to a 52-week low of $2.66. The 50-Day Moving Average of the stock is 3.0850, while the 200-Day Moving Average is calculated to be 3.6980.
Shares Statistics:
The stock has traded on average 3.16M shares per day over the past 3-months and 3.96M 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 241.87M. Insiders hold about 19.12% of the company’s shares, while institutions hold 22.23% stake in the company. Shares short for BLDP as of Mar 15, 2024 were 22.85M with a Short Ratio of 7.23, compared to 23.5M on Feb 15, 2024.
Earnings Estimates
Its stock is currently analyzed by 13 different market analysts. On average, analysts expect EPS of -$0.14 for the current quarter, with a high estimate of -$0.11 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 -$0.46 and -$2 for the fiscal current year, implying an average EPS of -$0.62. EPS for the following year is -$0.46, with 13 analysts recommending between -$0.15 and -$0.54.
Revenue Estimates
12 analysts predict $16.91M in revenue for the current quarter. It ranges from a high estimate of $20M to a low estimate of $13.5M. As of the current estimate, Ballard Power Systems Inc.’s year-ago sales were $13.35M, an estimated increase of 26.70% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $20.89M, an increase of 31.50% over than the figure of $26.70% in the same quarter last year. There is a high estimate of $29.82M for the next quarter, whereas the lowest estimate is $16M.
A total of 16 analysts have provided revenue estimates for BLDP’s current fiscal year. The highest revenue estimate was $133.43M, while the lowest revenue estimate was $105.7M, resulting in an average revenue estimate of $114.82M. In the same quarter a year ago, actual revenue was $102.4M, up 12.10% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $167.11M in the next fiscal year. The high estimate is $224M and the low estimate is $120.3M. The average revenue growth estimate for next year is up 45.50% from the average revenue estimate for this year.
