Ballard Power Systems Inc. (NASDAQ:BLDP) has a beta value of 1.5 and has seen 3,466,693 shares traded in the recent trading session. The company, currently valued at $6.16 Billion, closed the recent trade at $20.77 per share which meant it lost -$1.1 on the day or -5.03% during that session. The BLDP stock price is -103.56% off its 52-week high price of $42.28 and 58.83% above the 52-week low of $8.55. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.01 Million shares traded. The 3-month trading volume is 7.2 Million shares.
The consensus among analysts is that Ballard Power Systems Inc. (BLDP) is an Overweight stock at the moment, with a recommendation rating of 2.2. None of the analysts rate the stock as a Sell, while 3 rate it as Overweight. 6 out of 18 have rated it as a Hold, with 9 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.04.
Ballard Power Systems Inc. (NASDAQ:BLDP) trade information
Despite being -5.03% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the BLDP stock price touched $23.13- or saw a rise of 10.29%. Year-to-date, Ballard Power Systems Inc. shares have moved -11.32%, while the 5-day performance has seen it change -7.32%. Over the past 30 days, the shares of Ballard Power Systems Inc. (NASDAQ:BLDP) have changed -14.08%. Short interest in the company has seen 18.32 Million shares shorted with days to cover at 2.54.
Wall Street analysts have a consensus price target for the stock at $31.88, which means that the shares’ value could jump 53.49% from the levels at last check today. The projected low price target is $20 while the price target rests at a high of $42. In that case, then, we find that the latest price level in today’s session is +102.21% off the targeted high while a plunge would see the stock lose -3.71% from the levels at last check today.
Ballard Power Systems Inc. (BLDP) estimates and forecasts
Figures show that Ballard Power Systems Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +51.45% over the past 6 months, with this year growth rate of 0%, compared to 26.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 33.3% and 20% for the next quarter. Revenue growth from the last financial year stood is estimated to be +17.3%.
12 analysts offering their estimates for the company have set an average revenue estimate of $25.73 Million for the current quarter. 12 have an estimated revenue figure of $28.12 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $24Million and $25.8 Million respectively for this quarter and the next, and analysts expect sales will grow by 7.2% for the current quarter and 9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -36.9% over the past 5 years. Earnings growth for 2021 is a modest -31.3% while over the next 5 years, the company’s earnings are expected to increase by 0.03%.
Ballard Power Systems Inc. (NASDAQ:BLDP)’s Major holders
Insiders own 20.08% of the company shares, while shares held by institutions stand at 34.85% with a share float percentage of 43.61%. Investors are also buoyed by the number of investors in a company, with Ballard Power Systems Inc. having a total of 407 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 15.22 Million shares worth more than $356.11 Million. As of December 30, 2020, FMR, LLC held 5.12% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 6.26 Million shares as of December 30, 2020. The firm’s total holdings are worth over $146.52 Million and represent 2.11% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Total Intl Stock Indx and First Trust Nasdaq (R) Clean Edge (R) Green Energy Index Fund. As of January 30, 2021, the former fund manager holds about 0.98% shares in the company for having 2901850 shares of worth $99.16 Million while later fund manager owns 2.76 Million shares of worth $67.15 Million as of March 30, 2021, which makes it owner of about 0.93% of company’s outstanding stock.