Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
In the latest session, Ballard Power Systems Inc (NASDAQ: BLDP) closed at $1.63 down -6.86% from its previous closing price of $1.75. In other words, the price has decreased by -$6.86 from its previous closing price. On the day, 10.63 million shares were traded. BLDP stock price reached its highest trading level at $1.73 during the session, while it also had its lowest trading level at $1.58.
Ratios:
For a deeper understanding of Ballard Power Systems Inc’s stock, let’s take a closer look at its various ratios. 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 488072544 and an Enterprise Value of -121650992. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.34 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at -1.323 whereas that against EBITDA is 0.743.
Stock Price History:
The Beta on a monthly basis for BLDP is 1.70, which has changed by -0.47604793 over the last 52 weeks, in comparison to a change of 0.22263205 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 4.77%, while the 200-Day Moving Average is calculated to be -23.36%.
Shares Statistics:
For the past three months, BLDP has traded an average of 6.25M shares per day and 11620110 over the past ten 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 19.40% stake in the company. Shares short for BLDP as of 1734048000 were 12676670 with a Short Ratio of 2.03, compared to 1731628800 on 13413246.
