Ballard Power Systems Inc. (NASDAQ: BLDP)’s stock price has plunge by -2.85relation to previous closing price of 2.63. Nevertheless, the company has seen a -8.42% plunge in its stock price over the last five trading sessions. Green Stock News reported 2024-04-16 that Ballard Power Systems (NASDAQ: BLDP), a leading hydrogen fuel cell producer, has announced that the company has received numerous purchase orders for a total of 70 FCmove®-HD hydrogen fuel cell engines from Wrightbus, a prominent UK-based bus manufacturer focusing on hydrogen-powered buses across the UK and Europe. Anticipating delivery in 2024, Ballard foresees the buses utilizing these engines to commence service in 2025.
Is It Worth Investing in Ballard Power Systems Inc. (NASDAQ: BLDP) Right Now?
Additionally, the 36-month beta value for BLDP is 1.63. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for BLDP is 241.91M and currently, short sellers hold a 9.59% ratio of that float. The average trading volume of BLDP on April 22, 2024 was 3.08M shares.
BLDP’s Market Performance
BLDP’s stock has seen a -8.42% decrease for the week, with a -10.35% drop in the past month and a -19.91% fall in the past quarter. The volatility ratio for the week is 4.42%, and the volatility levels for the past 30 days are at 4.87% for Ballard Power Systems Inc. The simple moving average for the past 20 days is -13.11% for BLDP’s stock, with a -29.28% simple moving average for the past 200 days.
Analysts’ Opinion of BLDP
Many brokerage firms have already submitted their reports for BLDP stocks, with HSBC Securities repeating the rating for BLDP by listing it as a “Buy.” The predicted price for BLDP in the upcoming period, according to HSBC Securities is $4.50 based on the research report published on October 24, 2023 of the previous year 2023.
HSBC Securities, on the other hand, stated in their research note that they expect to see BLDP reach a price target of $4.50. The rating they have provided for BLDP stocks is “Hold” according to the report published on September 25th, 2023.
BLDP Trading at -15.05% from the 50-Day Moving Average
After a stumble in the market that brought BLDP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.02% of loss for the given period.
Volatility was left at 4.87%, however, over the last 30 days, the volatility rate increased by 4.42%, as shares sank -7.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.89% lower at present.
During the last 5 trading sessions, BLDP fell by -8.42%, which changed the moving average for the period of 200-days by -36.91% in comparison to the 20-day moving average, which settled at $2.93. In addition, Ballard Power Systems Inc. saw -30.95% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BLDP
Current profitability levels for the company are sitting at:
- -1.58 for the present operating margin
- -0.23 for the gross margin
The net margin for Ballard Power Systems Inc. stands at -1.64. The total capital return value is set at -0.16. Equity return is now at value -13.41, with -12.41 for asset returns.
Based on Ballard Power Systems Inc. (BLDP), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -5.88. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -147.49.
Currently, EBITDA for the company is -151.9 million with net debt to EBITDA at 4.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.38. The receivables turnover for the company is 1.78for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 12.25.
Conclusion
In conclusion, Ballard Power Systems Inc. (BLDP) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
