Additionally, the 36-month beta value for BLDP is 1.76. 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 245.65M and currently, short sellers hold a 5.91% ratio of that float. The average trading volume of BLDP on November 04, 2024 was 2.93M shares.
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BLDP) stock’s latest price update
Ballard Power Systems Inc (NASDAQ: BLDP)’s stock price has soared by 8.33 in relation to previous closing price of 1.62. Nevertheless, the company has seen a gain of 4.46% in its stock price over the last five trading days. prnewswire.com reported 2024-11-04 that VANCOUVER, BC and WINNIPEG, MB, Nov. 4, 2024 /PRNewswire/ – Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced a purchase order to supply 200 fuel cell engines to New Flyer, a subsidiary of NFI Group Inc. (“NFI”; TSX: NFI, OTC: NFYEF, TSX: NFI.DB; www.nfigroup.com), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions in North America and Europe. The order of 200 fuel cell engines, representing a total of approximately 20 MW of power, is the second purchase order under the long-term supply agreement announced in January 2024, and double the first purchase order of 100 engines under this agreement.
BLDP’s Market Performance
Ballard Power Systems Inc (BLDP) has experienced a 4.46% rise in stock performance for the past week, with a 3.24% rise in the past month, and a -9.07% drop in the past quarter. The volatility ratio for the week is 6.85%, and the volatility levels for the past 30 days are at 5.05% for BLDP. The simple moving average for the past 20 days is 7.39% for BLDP’s stock, with a -29.29% simple moving average for the past 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 3.14% 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 -56.29% of loss for the given period.
Volatility was left at 5.05%, however, over the last 30 days, the volatility rate increased by 6.85%, as shares sank -1.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.83% lower at present.
During the last 5 trading sessions, BLDP rose by +3.25%, which changed the moving average for the period of 200-days by -43.86% in comparison to the 20-day moving average, which settled at $1.6332. In addition, Ballard Power Systems Inc saw -52.57% 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 -1.15. 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
In conclusion, Ballard Power Systems Inc (BLDP) has seen mixed 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.
