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The price of Ballard Power Systems Inc. (NASDAQ: BLDP) closed at $1.69 in the last session, up 4.97% from day before closing price of $1.61. In other words, the price has increased by $4.97 from its previous closing price. On the day, 2.89 million shares were traded. BLDP stock price reached its highest trading level at $1.7 during the session, while it also had its lowest trading level at $1.6.
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 505999552 and an Enterprise Value of -146109840. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.86 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at -1.401 whereas that against EBITDA is 0.942.
Stock Price History:
Over the past 52 weeks, BLDP has reached a high of $4.01, while it has fallen to a 52-week low of $1.60. The 50-Day Moving Average of the stock is -5.69%, while the 200-Day Moving Average is calculated to be -35.74%.
Shares Statistics:
According to the various share statistics, BLDP traded on average about 2.86M shares per day over the past 3-months and 3057270 shares per day over the past 10 days. A total of 298.94M shares are outstanding, with a floating share count of 245.65M. Insiders hold about 17.95% of the company’s shares, while institutions hold 23.50% stake in the company. Shares short for BLDP as of 1727654400 were 19106788 with a Short Ratio of 6.68, compared to 1724976000 on 17971900.
