In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
The price of Ballard Power Systems Inc. (NASDAQ: BLDP) closed at $2.69 in the last session, up 3.46% from day before closing price of $2.60. In other words, the price has increased by $3.46 from its previous closing price. On the day, 3.55 million shares were traded. BLDP stock price reached its highest trading level at $2.74 during the session, while it also had its lowest trading level at $2.59.
Ratios:
We take a closer look at BLDP’s different ratios to gain a better understanding of the stock. 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 810131200 and an Enterprise Value of 69063360. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.86 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 0.675 whereas that against EBITDA is -0.458.
Stock Price History:
The Beta on a monthly basis for BLDP is 1.65, which has changed by -0.36255926 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, BLDP has reached a high of $5.68, while it has fallen to a 52-week low of $2.42. The 50-Day Moving Average of the stock is -8.61%, while the 200-Day Moving Average is calculated to be -24.65%.
Shares Statistics:
According to the various share statistics, BLDP traded on average about 3.02M shares per day over the past 3-months and 2590860 shares per day over the past 10 days. A total of 298.94M shares are outstanding, with a floating share count of 241.91M. Insiders hold about 19.10% of the company’s shares, while institutions hold 22.18% stake in the company. Shares short for BLDP as of 1713139200 were 22416614 with a Short Ratio of 7.41, compared to 1710460800 on 23189121.
Earnings Estimates
The market rating for Ballard Power Systems Inc. (BLDP) is a result of the insights provided by 14.0 analysts actively involved in the assessment.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 -$0.17.
Analysts are recommending an EPS of between -$0.45 and -$0.68 for the fiscal current year, implying an average EPS of -$0.53. EPS for the following year is -$0.49, with 16.0 analysts recommending between -$0.41 and -$0.57.
Revenue Estimates
According to 14 analysts, the current quarter’s revenue is expected to be $16.66M. 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 $13.35MFor the next quarter, 14 analysts are estimating revenue of $20.6M. There is a high estimate of $29.82M for the next quarter, whereas the lowest estimate is $16M.
A total of 17 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 $114.89M. In the same quarter a year ago, actual revenue was $102.37MBased on 18 analysts’ estimates, the company’s revenue will be $165.16M in the next fiscal year. The high estimate is $224M and the low estimate is $120.3M.
