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The price of Ballard Power Systems Inc. (NASDAQ: BLDP) closed at $2.58 in the last session, down -1.90% from day before closing price of $2.63. In other words, the price has decreased by $-1.90 from its previous closing price. On the day, 3.37 million shares were traded. BLDP stock price reached its highest trading level at $2.67 during the session, while it also had its lowest trading level at $2.53.
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 11.60 and its Current Ratio is at 12.25. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.
On September 25, 2023, HSBC Securities started tracking the stock assigning a Hold rating and target price of $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 774784320 and an Enterprise Value of 36169336. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.54 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 0.353 whereas that against EBITDA is -0.24.
Stock Price History:
The Beta on a monthly basis for BLDP is 1.63, which has changed by -0.4109589 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, BLDP has reached a high of $5.68, while it has fallen to a 52-week low of $2.60. The 50-Day Moving Average of the stock is -14.22%, while the 200-Day Moving Average is calculated to be -28.59%.
Shares Statistics:
According to the various share statistics, BLDP traded on average about 3.08M shares per day over the past 3-months and 2554670 shares per day over the past 10 days. A total of 298.94M shares are outstanding, with a floating share count of 241.91M. Insiders hold about 19.10% of the company’s shares, while institutions hold 22.19% stake in the company. Shares short for BLDP as of 1711584000 were 23189121 with a Short Ratio of 7.54, compared to 1709164800 on 22854194.
Earnings Estimates
The market rating for Ballard Power Systems Inc. (BLDP) is a result of the insights provided by 13 analysts actively involved in the assessment.On average, analysts expect EPS of $-0.14 for the current quarter, with a high estimate of $-0.11 and a low estimate of $-0.17, while EPS last year was $-0.11. The consensus estimate for the next quarter is $-0.13, with high estimates of $-0.11 and low estimates of $-0.15.
Analysts are recommending an EPS of between $-0.45 and $-0.6 for the fiscal current year, implying an average EPS of $-0.52. EPS for the following year is $-0.48, with 15 analysts recommending between $-0.41 and $-0.54.
Revenue Estimates
According to 13 analysts, the current quarter’s revenue is expected to be $16.79M. It ranges from a high estimate of $20M to a low estimate of $13.5M. As of the current estimate, Ballard Power Systems Inc.’s year-ago sales were $13.35M, an estimated increase of 25.80% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $20.71M, an increase of 30.40% over than the figure of $25.80% in the same quarter last year. There is a high estimate of $29.82M for the next quarter, whereas the lowest estimate is $16M.
A total of 16 analysts have provided revenue estimates for BLDP’s current fiscal year. The highest revenue estimate was $133.43M, while the lowest revenue estimate was $105.7M, resulting in an average revenue estimate of $114.82M. In the same quarter a year ago, actual revenue was $102.37M, up 12.20% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $165.99M in the next fiscal year. The high estimate is $224M and the low estimate is $120.3M. The average revenue growth estimate for next year is up 44.60% from the average revenue estimate for this year.
