Ballard Power Systems Stock Probability of Future Stock Price Finishing Over 6.04
| BLDP Stock | USD 1.37 0.06 4.20% |
Ballard |
Ballard Power Target Price Odds to finish over 6.04
The tendency of Ballard Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 6.04 or more in 90 days |
| 1.37 | 90 days | 6.04 | close to zero percent |
Based on a normal probability distribution, the odds of Ballard Power to move over $ 6.04 or more in 90 days from now is close to zero percent (This Ballard Power Systems probability density function shows the probability of Ballard Stock to fall within a particular range of prices over 90 days) . Probability of Ballard Power Systems price to stay between its current price of $ 1.37 and $ 6.04 at the end of the 90-day period is about 91.76 .
Given the investment horizon of 90 days Ballard Power Systems has a beta of -0.38 suggesting as returns on the benchmark increase, returns on holding Ballard Power are expected to decrease at a much lower rate. During a bear market, however, Ballard Power Systems is likely to outperform the market. Additionally Ballard Power Systems has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Ballard Power Price Density |
| Price |
Predictive Modules for Ballard Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Ballard Power Systems. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ballard Power's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Ballard Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Ballard Power is not an exception. The market had few large corrections towards the Ballard Power's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Ballard Power Systems, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Ballard Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.37 | |
β | Beta against Dow Jones | -0.38 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | -0.12 |
Ballard Power Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Ballard Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Ballard Power Systems can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Ballard Power generated a negative expected return over the last 90 days | |
| Ballard Power may become a speculative penny stock | |
| Ballard Power has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 102.37 M. Net Loss for the year was (177.72 M) with loss before overhead, payroll, taxes, and interest of (13.1 M). | |
| Ballard Power Systems currently holds about 957.43 M in cash with (104.57 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.21, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Ballard Power has a frail financial position based on the latest SEC disclosures | |
| Roughly 16.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: Hydrogen Fuel Cell Market Report 2024 - Key Drivers Include Green Hydrogen as a Catalyst for Fuel Cells, Growing Demand from Maritime Industry and Investments in Hydrogen and Fuel Cell Carbon Credits |
Ballard Power Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Ballard Stock often depends not only on the future outlook of the current and potential Ballard Power's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Ballard Power's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 298.7 M | |
| Cash And Short Term Investments | 753.2 M |
Ballard Power Technical Analysis
Ballard Power's future price can be derived by breaking down and analyzing its technical indicators over time. Ballard Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Ballard Power Systems. In general, you should focus on analyzing Ballard Stock price patterns and their correlations with different microeconomic environments and drivers.
Ballard Power Predictive Forecast Models
Ballard Power's time-series forecasting models is one of many Ballard Power's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Ballard Power's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Ballard Power Systems
Checking the ongoing alerts about Ballard Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Ballard Power Systems help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Ballard Power generated a negative expected return over the last 90 days | |
| Ballard Power may become a speculative penny stock | |
| Ballard Power has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 102.37 M. Net Loss for the year was (177.72 M) with loss before overhead, payroll, taxes, and interest of (13.1 M). | |
| Ballard Power Systems currently holds about 957.43 M in cash with (104.57 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.21, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Ballard Power has a frail financial position based on the latest SEC disclosures | |
| Roughly 16.0% of the company shares are held by company insiders | |
| Latest headline from finance.yahoo.com: Hydrogen Fuel Cell Market Report 2024 - Key Drivers Include Green Hydrogen as a Catalyst for Fuel Cells, Growing Demand from Maritime Industry and Investments in Hydrogen and Fuel Cell Carbon Credits |
Additional Tools for Ballard Stock Analysis
When running Ballard Power's price analysis, check to measure Ballard Power's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ballard Power is operating at the current time. Most of Ballard Power's value examination focuses on studying past and present price action to predict the probability of Ballard Power's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ballard Power's price. Additionally, you may evaluate how the addition of Ballard Power to your portfolios can decrease your overall portfolio volatility.