While Ballard Power Systems Inc has underperformed by -0.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, BLDP fell by -61.27%, with highs and lows ranging from $4.01 to $1.27, whereas the simple moving average fell by -44.94% in the last 200 days.
On November 06, 2024, HSBC Securities Downgraded Ballard Power Systems Inc (NASDAQ: BLDP) to Hold. A report published by TD Securities on August 12, 2024, Downgraded its rating to ‘Sell’ for BLDP. HSBC Securities also Upgraded BLDP shares as ‘Buy’, setting a target price of $4.50 on the company’s shares in a report dated October 24, 2023. HSBC Securities Initiated an Hold rating on September 25, 2023, and assigned a price target of $4.50. Citigroup initiated its ‘Neutral’ rating for BLDP, as published in its report on July 05, 2023. B. Riley Securities’s report from June 27, 2023 suggests a price prediction of $5 for BLDP shares, giving the stock a ‘Neutral’ rating. BMO Capital Markets also rated the stock as ‘Underperform’.
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Analysis of Ballard Power Systems Inc (BLDP)
Further, the quarter-over-quarter decrease in sales is -46.49%, showing a negative trend in the upcoming months.
One of the most important indicators of Ballard Power Systems Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -33.54% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 8.19, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and BLDP is recording 3.19M average volume. On a monthly basis, the volatility of the stock is set at 6.08%, whereas on a weekly basis, it is put at 9.21%, with a loss of -22.54% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.03, showing growth from the present price of $1.34, which can serve as yet another indication of whether BLDP is worth investing in or should be passed over.
How Do You Analyze Ballard Power Systems Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.95%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 22.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
BLDP shares are owned by institutional investors to the tune of 22.44% at present.
