Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $1.41 in the prior trading day, Ballard Power Systems Inc (NASDAQ: BLDP) closed at $1.46, up 3.55%. In other words, the price has increased by $3.55 from its previous closing price. On the day, 8.39 million shares were traded. BLDP stock price reached its highest trading level at $1.5 during the session, while it also had its lowest trading level at $1.42.
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 8.19 and its Current Ratio is at 9.01. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
HSBC Securities Upgraded its Hold to Buy on October 24, 2023, while the target price for the stock was maintained at $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 437154656 and an Enterprise Value of -172552528. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.79 while its Price-to-Book (P/B) ratio in mrq is 0.61. Its current Enterprise Value per Revenue stands at -1.876 whereas that against EBITDA is 1.054.
Stock Price History:
The Beta on a monthly basis for BLDP is 1.68, which has changed by -0.57558143 over the last 52 weeks, in comparison to a change of 0.23809385 over the same period for the S&P500. Over the past 52 weeks, BLDP has reached a high of $3.65, while it has fallen to a 52-week low of $1.23. The 50-Day Moving Average of the stock is -6.10%, while the 200-Day Moving Average is calculated to be -29.28%.
Shares Statistics:
The stock has traded on average 7.10M shares per day over the past 3-months and 8501360 shares per day over the last 10 days, according to various share statistics. A total of 299.42M shares are outstanding, with a floating share count of 245.67M. Insiders hold about 17.95% of the company’s shares, while institutions hold 19.53% stake in the company. Shares short for BLDP as of 1735603200 were 15299043 with a Short Ratio of 2.15, compared to 1732838400 on 12676670.
