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After finishing at $1.52 in the prior trading day, Ballard Power Systems Inc. (NASDAQ: BLDP) closed at $1.68, up 10.53%. In other words, the price has increased by $10.53 from its previous closing price. On the day, 6.1 million shares were traded. BLDP stock price reached its highest trading level at $1.69 during the session, while it also had its lowest trading level at $1.535.
Ratios:
Our goal is to gain a better understanding of BLDP by taking a closer look at its different ratios. 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 503005440 and an Enterprise Value of -149103920. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.83 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at -1.43 whereas that against EBITDA is 0.964.
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 $1.52. The 50-Day Moving Average of the stock is -2.79%, while the 200-Day Moving Average is calculated to be -33.37%.
Shares Statistics:
The stock has traded on average 2.82M shares per day over the past 3-months and 3226570 shares per day over the last 10 days, according to various share statistics. 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 22.91% stake in the company. Shares short for BLDP as of 1728950400 were 14513687 with a Short Ratio of 5.14, compared to 1726185600 on 19106788.
