In the latest trading session, 1.12 million Ballard Power Systems Inc. (NASDAQ:BLDP) shares changed hands as the company’s beta touched 1.43. With the company’s most recent per share price at $15.19 changed hands at -$0.32 or -2.06% at last look, the market valuation stands at $4.74B. BLDP’s current price is a discount, trading about -178.34% off its 52-week high of $42.28. The share price had its 52-week low at $12.80, which suggests the last value was 15.73% up since then. When we look at Ballard Power Systems Inc.’s average trading volume, we note the 10-day average is 3.34 million shares, with the 3-month average coming to 3.08 million.
Analysts gave the Ballard Power Systems Inc. (BLDP) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 1 out of 20 analysts rate the stock as a Sell, with a further 4 assigning it an Overweight rating. Of the remaining, 8 recommended BLDP as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. Ballard Power Systems Inc.’s EPS for the current quarter is expected to be -$0.06.
Ballard Power Systems Inc. (NASDAQ:BLDP) trade information
Instantly BLDP was in red as seen in intraday trades today. With action -8.50%, the performance over the past five days has been red. The drop to weekly highs of 16.19 on Tuesday, 09/14/21 subtracted -2.06% to the stock’s daily price. The company’s shares are showing year-to-date downside of -33.72%, with the 5-day performance at -8.50% in the red. However, in the 30-day time frame, Ballard Power Systems Inc. (NASDAQ:BLDP) is 2.58% up. Looking at the short shares, we see there were 22.86 million shares sold at short interest cover period of 8.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is $22.04, meaning bulls need an upside of 31.08% from its recent market value. According to analyst projections, BLDP’s forecast low is $14.00 with $42.10 as the target high. To hit the forecast high, the stock’s price needs a -177.16% plunge from its current level, while the stock would need to tank 7.83% for it to hit the projected low.
Ballard Power Systems Inc. (BLDP) estimates and forecasts
Data shows that the Ballard Power Systems Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -39.86% over the past 6 months, a -30.00% in annual growth rate that is considerably lower than the industry average of 24.90%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Ballard Power Systems Inc. will fall -20.00%, while the growth in revenue is estimated to hit -20.00% for the next quarter. Year-over-year growth is forecast to reach -0.70% down from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of $26.42 million. 16 analysts are of the opinion that Ballard Power Systems Inc.’s revenue for the quarter ending Dec 2021 will be $31.45 million. The company’s revenue for the corresponding quarters a year ago was $27.77 million and $28.59 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.90%. The estimates for the next quarter sales put growth at 10.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -36.90%. The 2021 estimates are for Ballard Power Systems Inc. earnings to decrease by -31.30%, but the outlook for the next 5-year period is at 0.03% per year.
Ballard Power Systems Inc. is expected to release its next quarterly earnings report between November 03 and November 08.
Ballard Power Systems Inc. (NASDAQ:BLDP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 19.02% of Ballard Power Systems Inc. shares while 33.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 41.30%. There are 33.44% institutions holding the Ballard Power Systems Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Jun 29, 2021, the company held 2.52% of the shares, roughly 7.5 million BLDP shares worth $135.84 million.
Bnp Paribas Asset Management Holding S.a. holds the second largest percentage of outstanding shares, with 1.56% or 4.63 million shares worth $83.98 million as of Jun 29, 2021.
Among Mutual Funds, the top two as of Jun 29, 2021 were iShares Global Clean Energy ETF and Vanguard International Stock Index-Total Intl Stock Indx. With 4.21 million shares estimated at $76.37 million under it, the former controlled 1.42% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 1.00% of the shares, roughly 2.98 million shares worth around $65.26 million.