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.
The closing price of Ballard Power Systems Inc (NASDAQ: BLDP) was $1.34 for the day, down -0.74% from the previous closing price of $1.35. In other words, the price has decreased by -$0.74 from its previous closing price. On the day, 6.51 million shares were traded. BLDP stock price reached its highest trading level at $1.34 during the session, while it also had its lowest trading level at $1.29.
Ratios:
Our analysis of BLDP’s different ratios will help us gain a deeper understanding of the company. 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 401544416 and an Enterprise Value of -180613168. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.76 while its Price-to-Book (P/B) ratio in mrq is 0.60. Its current Enterprise Value per Revenue stands at -2.59 whereas that against EBITDA is 1.136.
Stock Price History:
The Beta on a monthly basis for BLDP is 1.77, which has changed by -0.52982455 over the last 52 weeks, in comparison to a change of 0.07465422 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 -6.08%, while the 200-Day Moving Average is calculated to be -24.98%.
Shares Statistics:
BLDP traded an average of 10.10M shares per day over the past three months and 9354130 shares per day over the past ten days. A total of 299.44M shares are outstanding, with a floating share count of 245.86M. Insiders hold about 17.95% of the company’s shares, while institutions hold 20.45% stake in the company. Shares short for BLDP as of 1740700800 were 17023546 with a Short Ratio of 1.69, compared to 1738281600 on 17642879.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
