Ballard Power Systems Inc (NASDAQ: BLDP)’s stock price has plunge by 6.64relation to previous closing price of 1.28. Nevertheless, the company has seen a 1.87% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-05 that Ballard Power Systems Inc. (NASDAQ:BLDP ) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET Company Participants Sumit Kundu – Manager and Investor Relations Randy MacEwen – Chief Executive Officer Kate Igbalode – Chief Financial Officer Conference Call Participants Rob Brown – Lake Street Capital Markets Jordan Levy – Truist Securities Saumya Jain – UBS Ameet Thakkar – BMO Capital Markets Craig Shere – Tuohy Brothers Rupert Merer – National Bank Mac Whale – Cormark Securities Martin Malloy – Johnson Rice Kashy Harrison – Piper Sandler Operator Hello and welcome to the Ballard Power Systems’ Third Quarter 2024 Results Conference Call. As a reminder, all participants are in a listen-only mode and the conference is being recorded.
Is It Worth Investing in Ballard Power Systems Inc (NASDAQ: BLDP) Right Now?
Additionally, the 36-month beta value for BLDP is 1.74. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 13 rating it as “hold,” and 3 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for BLDP is 245.66M and currently, short sellers hold a 5.91% ratio of that float. The average trading volume of BLDP on November 18, 2024 was 3.20M shares.
BLDP’s Market Performance
BLDP’s stock has seen a 1.87% increase for the week, with a -18.75% drop in the past month and a -26.22% fall in the past quarter. The volatility ratio for the week is 6.47%, and the volatility levels for the past 30 days are at 6.75% for Ballard Power Systems Inc The simple moving average for the past 20 days is -7.88% for BLDP’s stock, with a -42.73% simple moving average for the past 200 days.
Analysts’ Opinion of BLDP
HSBC Securities gave a rating of “Buy” to BLDP, setting the target price at $4.50 in the report published on October 24th of the previous year.
BLDP Trading at -15.51% 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 -66.00% of loss for the given period.
Volatility was left at 6.75%, however, over the last 30 days, the volatility rate increased by 6.47%, as shares sank -17.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.23% lower at present.
During the last 5 trading sessions, BLDP rose by +1.87%, which changed the moving average for the period of 200-days by -58.26% in comparison to the 20-day moving average, which settled at $1.4818. In addition, Ballard Power Systems Inc saw -63.11% 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:
- -2.02 for the present operating margin
- -0.42 for the gross margin
The net margin for Ballard Power Systems Inc stands at -3.57. The total capital return value is set at -0.25. Equity return is now at value -33.54, with -30.11 for asset returns.
Currently, EBITDA for the company is -122.27 million with net debt to EBITDA at 2.01. When we switch over and look at the enterprise to sales, we see a ratio of -2.08. The receivables turnover for the company is 3.01for trailing twelve months and the total asset turnover is 0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.01.
Conclusion
In conclusion, Ballard Power Systems Inc (BLDP) has seen bad performance in recent times. Analysts have a mixed 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.
