Ballard began trading publicly in the mid-1990s and the stock shot up to well over $100 a share in 2000 and posted an all-time low of $0.57 just last month. Shares have more than tripled since then.
In its most recent quarter, ended in September, the company reported revenues of $17 million and a gross margin of 28%. Not much, but so far this year revenues are more than 60% higher than the first nine months of 2012. There are no profits, but the loss in the third quarter of this year was $0.05, half what it was in the third quarter of last year.
Is Ballard back? Shares are trading up more than 22% in the late afternoon on Friday, at $1.75 and more than 12 million shares have traded hands today, about 12 times average daily volume. The stock’s 52-week range is $0.57 to $2.39.
That’s still a long ways from $100 a share, but it is better than the $1.13 share price in December 5 years ago. Back is a relative term, however, and for a stock this close to being declared legally dead to show any life is a positive sign. Just don’t bet the farm that the patient will live.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
