Ballard Power Systems Inc. [BLDP] stock prices are up 5.99% to $2.30 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BLDP shares have gain 0.88% over the last week, with a monthly amount drifted -24.59%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ballard Power Systems Inc. [NASDAQ: BLDP] stock has seen the most recent analyst activity on October 24, 2023, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $4.50 for it. Previously, HSBC Securities started tracking the stock with Hold rating on September 25, 2023, and set its price target to $4.50. On July 05, 2023, Citigroup initiated with a Neutral rating. B. Riley Securities downgraded its rating to a Neutral and decreased its price target to $5 on June 27, 2023. BMO Capital Markets downgraded its rating to a Underperform and reduced its price target to $4.25 on June 14, 2023. Scotiabank started tracking with a Sector Perform rating for this stock on March 10, 2023, and assigned it a price target of $7.25. In a note dated January 06, 2023, Wells Fargo downgraded an Underweight rating on this stock.
The stock price of Ballard Power Systems Inc. [BLDP] has been fluctuating between $2.14 and $5.11 over the past year. Currently, Wall Street analysts expect the stock to reach $8.19 within the next 12 months. Ballard Power Systems Inc. [NASDAQ: BLDP] shares were valued at $2.30 at the most recent close of the market. An investor can expect a potential return of 256.09% based on the average BLDP price forecast.
Analyzing the BLDP fundamentals
The Ballard Power Systems Inc. [NASDAQ:BLDP] reported sales of 103.48M for trailing twelve months, representing a surge of 8.30%. Gross Profit Margin for this corporation currently stands at -0.25% with Operating Profit Margin at -1.55%, Pretax Profit Margin comes in at -1.4%, and Net Profit Margin reading is -1.78%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.18 and Total Capital is -0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.03.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.20 points at the first support level, and at 2.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.35, and for the 2nd resistance point, it is at 2.42.
Ratios To Look Out For
It’s worth pointing out that Ballard Power Systems Inc. [NASDAQ:BLDP]’s Current Ratio is 11.66. Further, the Quick Ratio stands at 10.88, while the Cash Ratio is 10.17. Considering the valuation of this stock, the price to sales ratio is 6.65, the price to book ratio is 0.72.
