The stock has a 36-month beta value of 1.78. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for BLDP is 245.59M, and at present, short sellers hold a 7.08% of that float. On September 03, 2024, the average trading volume of BLDP was 2.57M shares.
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BLDP) stock’s latest price update
The stock price of Ballard Power Systems Inc. (NASDAQ: BLDP) has plunged by -3.80 when compared to previous closing price of 1.84, but the company has seen a -6.84% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-12 that Ballard Power Systems Inc. reported weak Q2/2024 results with poor margins and revenues coming in well below expectations. Order intake deteriorated to new multi-year lows as a number of customers pushed out anticipated orders. On the conference call, management warned of delayed market adoption for its fuel cell applications, particularly in the truck vertical.
BLDP’s Market Performance
Ballard Power Systems Inc. (BLDP) has experienced a -6.84% fall in stock performance for the past week, with a -12.81% drop in the past month, and a -41.97% drop in the past quarter. The volatility ratio for the week is 5.41%, and the volatility levels for the past 30 days are at 5.95% for BLDP. The simple moving average for the last 20 days is -6.37% for BLDP stock, with a simple moving average of -39.11% for the last 200 days.
Analysts’ Opinion of BLDP
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 “Buy” according to the report published on October 24th, 2023.
HSBC Securities gave a rating of “Hold” to BLDP, setting the target price at $4.50 in the report published on September 25th of the previous year.
BLDP Trading at -17.87% 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 -59.22% of loss for the given period.
Volatility was left at 5.95%, however, over the last 30 days, the volatility rate increased by 5.41%, as shares sank -6.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.23% lower at present.
During the last 5 trading sessions, BLDP fell by -5.26%, which changed the moving average for the period of 200-days by -50.55% in comparison to the 20-day moving average, which settled at $1.8840. In addition, Ballard Power Systems Inc. saw -52.16% 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:
- -1.55 for the present operating margin
- -0.29 for the gross margin
The net margin for Ballard Power Systems Inc. stands at -1.78. The total capital return value is set at -0.17. Equity return is now at value -15.12, with -13.88 for asset returns.
Based on Ballard Power Systems Inc. (BLDP), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -3.42. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -102.76.
Currently, EBITDA for the company is -151.9 million with net debt to EBITDA at 4.24. When we switch over and look at the enterprise to sales, we see a ratio of -1.14. The receivables turnover for the company is 2.68for 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 10.90.
Conclusion
To sum up, Ballard Power Systems Inc. (BLDP) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
