Currently, Ballard Power Systems Inc [BLDP] is trading at $1.53, up 2.68%. An important factor to consider is whether the stock is rising or falling in short-term value. The BLDP shares have gain 16.79% over the last week, with a monthly amount drifted -3.16%, 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 November 06, 2024, when HSBC Securities downgraded its rating to a Hold. Previously, TD Securities downgraded its rating to Sell on August 12, 2024. On October 24, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $4.50 on the stock. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $4.50 on September 25, 2023. Citigroup initiated its recommendation with a Neutral. B. Riley Securities downgraded its rating to Neutral for this stock on June 27, 2023, and downed its price target to $5. In a note dated June 14, 2023, BMO Capital Markets downgraded an Underperform rating on this stock and revised its target price from $4.50 to $4.25.
This stock has fluctuated between a low of $1.23 and a high of $4.01 over the last 52 weeks. 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 $1.53 at the most recent close of the market. An investor can expect a potential return of 356.21% based on the average BLDP price forecast.
Analyzing the BLDP fundamentals
Trailing Twelve Months sales for Ballard Power Systems Inc [NASDAQ:BLDP] were 91.35M which represents -46.49% decline. Gross Profit Margin for this corporation currently stands at -0.39% with Operating Profit Margin at -2.02%, Pretax Profit Margin comes in at -3.13%, and Net Profit Margin reading is -3.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -0.37 and Total Capital is -0.25.
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 1.4767 points at the first support level, and at 1.4233 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5817, and for the 2nd resistance point, it is at 1.6333.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ballard Power Systems Inc [NASDAQ:BLDP] is 9.01. On the other hand, the Quick Ratio is 8.19, and the Cash Ratio is 7.71. Considering the valuation of this stock, the price to sales ratio is 5.01, the price to book ratio is 0.64.
