At the time of writing, Ballard Power Systems Inc [BLDP] stock is trading at $1.20, up 3.45%. 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 11.11% over the last week, with a monthly amount drifted -6.25%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Ballard Power Systems Inc fluctuated between $1.00 and $3.34. Currently, Wall Street analysts expect the stock to reach $1.42 within the next 12 months. Ballard Power Systems Inc [NASDAQ: BLDP] shares were valued at $1.20 at the most recent close of the market. An investor can expect a potential return of 18.33% based on the average BLDP price forecast.
Analyzing the BLDP fundamentals
According to Ballard Power Systems Inc [NASDAQ:BLDP], the company’s sales were 69.73M for trailing twelve months, which represents an -46.86% plunge. Gross Profit Margin for this corporation currently stands at -0.38% with Operating Profit Margin at -2.62%, Pretax Profit Margin comes in at -4.63%, and Net Profit Margin reading is -4.65%. To continue investigating profitability, this company’s Return on Assets is posted at -0.42, Equity is -0.4 and Total Capital is -0.26. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 1.1567 points at the first support level, and at 1.1133 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.2267, and for the 2nd resistance point, it is at 1.2533.
Ratios To Look Out For
It is important to note that Ballard Power Systems Inc [NASDAQ:BLDP] has a current ratio of 9.25. As well, the Quick Ratio is 8.50, while the Cash Ratio is 7.99. Considering the valuation of this stock, the price to sales ratio is 5.16, the price to book ratio is 0.53.
