Market Recap Check: Ballard Power Systems Inc (BLDP)’s Negative Finish at 1.31, Up/Down -3.68

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.

The price of Ballard Power Systems Inc (NASDAQ: BLDP) closed at $1.31 in the last session, down -3.68% from day before closing price of $1.36. In other words, the price has decreased by -$3.68 from its previous closing price. On the day, 16.31 million shares were traded. BLDP stock price reached its highest trading level at $1.36 during the session, while it also had its lowest trading level at $1.28.

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 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 395960576 and an Enterprise Value of -217465664. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.29 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at -2.365 whereas that against EBITDA is 1.328.

Stock Price History:

The Beta on a monthly basis for BLDP is 1.69, which has changed by -0.5709779 over the last 52 weeks, in comparison to a change of 0.21926713 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 -16.07%, while the 200-Day Moving Average is calculated to be -34.99%.

Shares Statistics:

According to the various share statistics, BLDP traded on average about 7.69M shares per day over the past 3-months and 9286420 shares per day over the past 10 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 19.74% stake in the company. Shares short for BLDP as of 1736899200 were 15299043 with a Short Ratio of 1.99, compared to 1734048000 on 14583661.

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