Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Ballard Power Systems Inc’s stock clocked out at $1.77, down -11.06% from its previous closing price of $1.99. In other words, the price has decreased by -$11.06 from its previous closing price. On the day, 11.24 million shares were traded. BLDP stock price reached its highest trading level at $1.955 during the session, while it also had its lowest trading level at $1.76.
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 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 529975136 and an Enterprise Value of -79732064. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.80 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at -0.867 whereas that against EBITDA is 0.487.
Stock Price History:
Over the past 52 weeks, BLDP has reached a high of $3.70, while it has fallen to a 52-week low of $1.23. The 50-Day Moving Average of the stock is 13.93%, while the 200-Day Moving Average is calculated to be -17.17%.
Shares Statistics:
It appears that BLDP traded 5.98M shares on average per day over the past three months and 11383370 shares per day over the past ten days. 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 19.40% stake in the company. Shares short for BLDP as of 1734048000 were 12676670 with a Short Ratio of 2.43, compared to 1731628800 on 13413246.