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The price of Ballard Power Systems Inc. (NASDAQ: BLDP) closed at $1.90 in the last session, down -4.52% from day before closing price of $1.99. In other words, the price has decreased by -$4.52 from its previous closing price. On the day, 2.74 million shares were traded. BLDP stock price reached its highest trading level at $2.035 during the session, while it also had its lowest trading level at $1.88.
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 10.05 and its Current Ratio is at 10.90. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
On October 24, 2023, HSBC Securities Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $4.50.
On September 25, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $4.50.HSBC Securities initiated its Hold rating on September 25, 2023, with a $4.50 target price.
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 587580672 and an Enterprise Value of -83234080. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.46 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at -0.798 whereas that against EBITDA is 0.537.
Stock Price History:
Over the past 52 weeks, BLDP has reached a high of $4.34, while it has fallen to a 52-week low of $1.77. The 50-Day Moving Average of the stock is -14.97%, while the 200-Day Moving Average is calculated to be -35.49%.
Shares Statistics:
According to the various share statistics, BLDP traded on average about 2.54M shares per day over the past 3-months and 2719590 shares per day over the past 10 days. A total of 298.94M shares are outstanding, with a floating share count of 245.59M. Insiders hold about 17.98% of the company’s shares, while institutions hold 23.66% stake in the company. Shares short for BLDP as of 1722384000 were 20203849 with a Short Ratio of 7.94, compared to 1719532800 on 22592074.
