At the time of writing, Ballard Power Systems Inc. [BLDP] stock is trading at $1.84, up 5.14%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BLDP shares have gain 10.18% over the last week, with a monthly amount glided 1.66%, and 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 August 12, 2024, when TD Securities downgraded its rating to a Sell. Previously, HSBC Securities upgraded its rating to Buy on October 24, 2023, and kept the price target unchanged to $4.50. On September 25, 2023, HSBC Securities initiated with a Hold rating and assigned a price target of $4.50 on the stock. Citigroup started tracking the stock assigning a Neutral rating. B. Riley Securities downgraded its rating to a Neutral and reduced its price target to $5 on June 27, 2023. BMO Capital Markets downgraded its rating to Underperform for this stock on June 14, 2023, and downed its price target to $4.25. In a note dated March 10, 2023, Scotiabank initiated an Sector Perform rating and provided a target price of $7.25 on this stock.
For the past year, the stock price of Ballard Power Systems Inc. fluctuated between $1.61 and $4.01. Currently, Wall Street analysts expect the stock to reach $6.98 within the next 12 months. Ballard Power Systems Inc. [NASDAQ: BLDP] shares were valued at $1.84 at the most recent close of the market. An investor can expect a potential return of 279.35% based on the average BLDP price forecast.
Analyzing the BLDP fundamentals
According to Ballard Power Systems Inc. [NASDAQ:BLDP], the company’s sales were 104.17M for trailing twelve months, which represents an 4.54% jump. Gross Profit Margin for this corporation currently stands at -0.29% 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 -0.19 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 1.7739 points at the first support level, and at 1.7077 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9023, and for the 2nd resistance point, it is at 1.9645.
Ratios To Look Out For
It is important to note that Ballard Power Systems Inc. [NASDAQ:BLDP] has a current ratio of 10.90. As well, the Quick Ratio is 10.05, while the Cash Ratio is 9.37. Considering the valuation of this stock, the price to sales ratio is 5.29, the price to book ratio is 0.60.
