A share price of Ballard Power Systems Inc [BLDP] is currently trading at $1.58, down -1.25%. 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 0.64% over the last week, with a monthly amount drifted -11.24%, 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 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.
Ballard Power Systems Inc experienced fluctuations in its stock price throughout the past year between $1.52 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 $1.58 at the most recent close of the market. An investor can expect a potential return of 341.77% based on the average BLDP price forecast.
Analyzing the BLDP fundamentals
Trailing Twelve Months sales for Ballard Power Systems Inc [NASDAQ:BLDP] were 104.17M which represents 4.54% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 1.5533 points at the first support level, and at 1.5267 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.6033, and for the 2nd resistance point, it is at 1.6267.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ballard Power Systems Inc [NASDAQ:BLDP] is 10.90. Further, the Quick Ratio stands at 10.05, while the Cash Ratio is 9.37. Considering the valuation of this stock, the price to sales ratio is 6.30, the price to book ratio is 0.51.
