Will the Stagecoach share price continue to rise?
The Stagecoach (LSE: SGC) share price rose about 45% in the past year. However, the shares are down about 50% from their December 2019 price level. The prime reason is the disruption to the companys services due to Covid-19. However, with reopening, this could change. Here, I will analyse the company to see if I should add the stock to my long-term portfolio. 5G is here  and shares of this sleeping giant could be a great way for you to potentially profit! According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air And if you click here well show you something that could be key to unlocking 5Gs full potential...  Stagecoach companys fundamentals  Stagecoach released its fiscal year 2021 results on 30 June 2021. Revenue was down 35% to 928.2m. The drop was primarily due to the lockdown. However, it was offset by new contract wins in the London area. With reopening, the company did experience some positive turnaround. For the week ending 26 June 2021, commercial sales were 68% of pre-pandemic levels. Stagecoachs profit before tax fell to 24.7m from 40.6m for the previous year. The company also announced that it would not pay dividends this year. It has a net debt position of 312.6m compared to 352.1m for the previous year. This is still high in my view. The company is targeting zero emissions for its UK bus fleet by 2035. In February, it completed one year of running two electric buses in Cambridge. In addition to low pollution, the buses have also enhanced passenger experience with a quieter and smoother journey. With global warming, investors, funds, and the general public are more environmentally conscious, which is positive for the company. It is also a key partner in UKs first all-electric bus city, Coventry. The Stagecoach share price  risks to consider  Stagecoach founders Sir Brian Souter and Dame Ann Gloag are expected to reduce their stake in the company to 5% from the current 27%. In my opinion, this is negative for the Stagecoach share price as the founders usually reduce the stake in a business when they are less optimistic about the companys growth prospects. The companys current ratio is 0.93, which suggests that the company will face difficulty paying its current liabilities in the near term. It has long-term debt of 406.6m and pension liabilities of 263.8m. The total equity on the balance sheet is only 61m. The company got an extension to its loan repayments previously because of the lockdown. However, if the companys financial performance does not increase, then it could find it difficult to pay its debt on time. The companys plan to electrify its fleet is positive. However, it could involve capital investments. Also, it is too early to know the practicality of electric vehicles and the cost of running the vehicles. This could reduce the companys profitability. Final view  I believe that the Stagecoach share price might continue to rise as it will benefit from the reopening of the sectors. However, I am not yet fully convinced to buy for my long-term portfolio since I am worried about the balance sheet. So, for now, I would keep the stock on my watchlist.