$2.73M in average volume shows that Ballard Power Systems Inc. (BLDP) is heading in the right direction

Ballard Power Systems Inc. (NASDAQ: BLDP) kicked off on Tuesday, down -0.60% from the previous trading day, before settling in for the closing price of $1.66. Over the past 52 weeks, BLDP has traded in a range of $1.59-$4.01.

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Industrials Sector giant saw their annual sales surged by 2.34% over the last five years. While this was happening, its average annual earnings per share was recorded 16.83%. With a float of $245.65 million, this company’s outstanding shares have now reached $298.94 million.

The firm has a total of 1173 workers. Let’s measure their productivity. In terms of profitability, gross margin is -29.09%, operating margin of -154.8%, and the pretax margin is -139.59%.

Ballard Power Systems Inc. (BLDP) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Specialty Industrial Machinery Industry. The insider ownership of Ballard Power Systems Inc. is 17.95%, while institutional ownership is 22.88%.

Ballard Power Systems Inc. (BLDP) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.28 earnings per share (EPS), lower than consensus estimate (set at -0.18) by -0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.17 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 16.83% per share during the next fiscal year.

Ballard Power Systems Inc. (NASDAQ: BLDP) Trading Performance Indicators

Take a look at Ballard Power Systems Inc.’s (BLDP) current performance indicators. Last quarter, stock had a quick ratio of 10.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.74.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.62, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.43 in one year’s time.

Technical Analysis of Ballard Power Systems Inc. (BLDP)

Analysing the last 5-days average volume posted by the [Ballard Power Systems Inc., BLDP], we can find that recorded value of 2.52 million was lower than the volume posted last year of 2.8 million. As of the previous 9 days, the stock’s Stochastic %D was 52.08%. Additionally, its Average True Range was 0.09.

During the past 100 days, Ballard Power Systems Inc.’s (BLDP) raw stochastic average was set at 3.67%, which indicates a significant decrease from 32.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.09% in the past 14 days, which was lower than the 54.78% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.7516, while its 200-day Moving Average is $2.5597. Now, the first resistance to watch is $1.6700. This is followed by the second major resistance level at $1.6900. The third major resistance level sits at $1.7200. If the price goes on to break the first support level at $1.6200, it is likely to go to the next support level at $1.5900. Should the price break the second support level, the third support level stands at $1.5700.

Ballard Power Systems Inc. (NASDAQ: BLDP) Key Stats

The company with the Market Capitalisation of 494.03 million has total of 299,392K Shares Outstanding. Its annual sales at the moment are 102,370 K in contrast with the sum of -177,720 K annual income. Company’s last quarter sales were recorded 16,000 K and last quarter income was -31,460 K.