During the last session, Ballard Power Systems Inc. (NASDAQ:BLDP)’s traded shares were 4.8 million, with the beta value of the company hitting 1.77. At the end of the trading day, the stock’s price was $8.73, reflecting an intraday gain of 5.43% or $0.45. The 52-week high for the BLDP share is $19.66, that puts it down -125.2 from that peak though still a striking 34.14% gain since the share price plummeted to a 52-week low of $5.75. The company’s market capitalization is $2.28B, and the average intraday trading volume over the past 10 days was 4.75 million shares, and the average trade volume was 4.43 million shares over the past three months.
Ballard Power Systems Inc. (BLDP) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.40. BLDP has a Sell rating from 2 analyst(s) out of 24 analysts who have looked at this stock. 14 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.06.
Ballard Power Systems Inc. (NASDAQ:BLDP) trade information
Ballard Power Systems Inc. (BLDP) registered a 5.43% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.43% in intraday trading to $8.73 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 8.99%, and it has moved by 32.67% in 30 days. Based on these gigs, the overall price performance for the year is -42.64%. The short interest in Ballard Power Systems Inc. (NASDAQ:BLDP) is 23.88 million shares and it means that shorts have 6.09 day(s) to cover.
The consensus price target of analysts on Wall Street is $11.77, which implies an increase of 25.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.00 and $35.00 respectively. As a result, BLDP is trading at a discount of -300.92% off the target high and 42.73% off the low.
Ballard Power Systems Inc. (BLDP) estimates and forecasts
Statistics show that Ballard Power Systems Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Ballard Power Systems Inc. (BLDP) shares have gone down -13.22% during the last six months, with a year-to-date growth rate less than the industry average at -35.90% against 3.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -20.00% this quarter and then drop -20.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -0.70% compared to the previous financial year.
Revenue for the current quarter is expected to be $26.46 million as predicted by 17 analyst(s). Meanwhile, a consensus of 17 analyst(s) estimates revenue growth to $31.49 million by the end of Dec 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $27.77 million and $28.59 million respectively. In this case, analysts expect current quarter sales to shrink by -4.70% and then jump by 10.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -24.60%. While earnings are projected to return -94.60% in 2022, the next five years will return 0.03% per annum.
Ballard Power Systems Inc. is due to release its next quarterly earnings between May 02 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ballard Power Systems Inc. (NASDAQ:BLDP)’s Major holders
Ballard Power Systems Inc. insiders own 15.65% of total outstanding shares while institutional holders control 33.82%, with the float percentage being 40.10%. Public Investment Fund is the largest shareholder of the company, while 438 institutions own stock in it. As of Mar 30, 2022, the company held over 9.71 million shares (or 3.26% of all shares), a total value of $113.02 million in shares.
The next largest institutional holding, with 8.15 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 2.73% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $94.83 million.
Also, the Mutual Funds coming in first place with the largest holdings of Ballard Power Systems Inc. (BLDP) shares are iShares Global Clean Energy ETF and Vanguard International Stock Index-Total Intl Stock Indx. Data provided on Jun 29, 2022 indicates that iShares Global Clean Energy ETF owns about 5.38 million shares. This amounts to just over 1.80 percent of the company’s overall shares, with a $33.87 million market value. The same data shows that the other fund manager holds slightly less at 3.31 million, or about 1.11% of the stock, which is worth about $27.48 million.