In today’s recent session, 0.82 million shares of the Ballard Power Systems Inc. (NASDAQ:BLDP) have been traded, and its beta is 1.72. Most recently the company’s share price was $6.63, and it changed around $0.15 or 2.31% from the last close, which brings the market valuation of the company to $1.83B. BLDP at last check was trading at a discount to its 52-week high of $19.66, offering almost -196.53% off that amount. The share price’s 52-week low was $5.75, which indicates that the recent value has risen by an impressive 13.27% since then. We note from Ballard Power Systems Inc.’s average daily trading volume that its 10-day average is 3.87 million shares, with the 3-month average coming to 4.30 million.
Ballard Power Systems Inc. (NASDAQ:BLDP) trade information
Instantly BLDP has been showing a green trend so far today with a performance of 2.31% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.68 on Tuesday, 06/21/22 increased the stock’s daily price by 0.75%. The company’s shares are currently down -48.41% year-to-date, but still up 8.54% over the last five days. On the other hand, Ballard Power Systems Inc. (NASDAQ:BLDP) is -12.55% up in the 30-day period. We can see from the shorts that 28.42 million shares have been sold at a short interest cover period of 5.47 day(s).
The consensus price target as assigned by Wall Street analysts is $11.84, which translates to bulls needing to increase their stock price by 44.0% from its current value. Analyst projections state that BLDP is forecast to be at a low of $5.00 and a high of $35.00. In order for the stock price to hit the forecast high, the stock would need to plunge -427.9% from its current level, while the stock would need to crash 24.59% from its current level to reach the projected low.
Ballard Power Systems Inc. (BLDP) estimates and forecasts
Ballard Power Systems Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -49.65 percent over the past six months and at a -35.90% annual growth rate that is well below the industry average of 1.80%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -20.00% in revenue this quarter, and will report a decrease of -20.00% in the next quarter. The year-over-year growth rate is expected to be -0.70%, down from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of $26.46 million in revenue for the current quarter. 17 analysts expect Ballard Power Systems Inc. to make $31.49 million in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $27.77 million and $28.59 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -4.70%. Forecasts for the next quarter put sales growth at 10.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -24.60%. Ballard Power Systems Inc. earnings are expected to increase by -94.60% in 2022, but the outlook is positive 0.03% per year for the next five years.
Ballard Power Systems Inc.’s next quarterly earnings report is expected to be released around August 03 and August 08.
Ballard Power Systems Inc. (NASDAQ:BLDP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 19.04% of Ballard Power Systems Inc. shares, and 34.23% of them are in the hands of institutional investors. The stock currently has a share float of 42.28%. Ballard Power Systems Inc. stock is held by 443 institutions, with Public Investment Fund being the largest institutional investor. By Mar 30, 2022, it held 3.26% of the shares, which is about 9.71 million shares worth $113.02 million.
Vanguard Group, Inc. (The), with 2.73% or 8.15 million shares worth $94.83 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.
iShares Global Clean Energy ETF and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Apr 29, 2022. The former held 5.5 million shares worth $45.65 million, making up 1.84% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 3.29 million shares worth around $34.2 million, which represents about 1.10% of the total shares outstanding.