Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $1.14 in the prior trading day, Ballard Power Systems Inc (NASDAQ: BLDP) closed at $1.10, down -3.51%. In other words, the price has decreased by -$3.51 from its previous closing price. On the day, 7.61 million shares were traded. BLDP stock price reached its highest trading level at $1.13 during the session, while it also had its lowest trading level at $1.09.
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 8.50 and its Current Ratio is at 9.25. 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 336205088 and an Enterprise Value of -252531648. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.73 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at -3.622 whereas that against EBITDA is 1.589.
Stock Price History:
The Beta on a monthly basis for BLDP is 1.82, which has changed by -0.6485623 over the last 52 weeks, in comparison to a change of 0.077997446 over the same period for the S&P500. Over the past 52 weeks, BLDP has reached a high of $3.38, while it has fallen to a 52-week low of $1.08. The 50-Day Moving Average of the stock is -17.52%, while the 200-Day Moving Average is calculated to be -35.73%.
Shares Statistics:
The stock has traded on average 9.70M shares per day over the past 3-months and 6656410 shares per day over the last 10 days, according to various share statistics. A total of 299.44M shares are outstanding, with a floating share count of 245.87M. Insiders hold about 17.95% of the company’s shares, while institutions hold 20.43% stake in the company. Shares short for BLDP as of 1741910400 were 15836064 with a Short Ratio of 1.63, compared to 1739491200 on 15423738.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
