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Ballard Power Systems Inc. (NASDAQ: BLDP) -145.51% Away From High, Is Set For A Comeback?

Ballard Power Systems Inc. (NASDAQ:BLDP)’s traded shares stood at 3.08 million during the last session, with the company’s beta value hitting 1.91. At the close of trading, the stock’s price was $5.12, to imply an increase of 1.79% or $0.09 in intraday trading. The BLDP share’s 52-week high remains $12.57, putting it -145.51% down since that peak but still an impressive 13.48% since price per share fell to its 52-week low of $4.43. The company has a valuation of $1.62B, with an average of 2.79 million shares in intraday trading volume over the past 10 days and average of 2.73 million shares over the past 3 months.

Ballard Power Systems Inc. (NASDAQ:BLDP) trade information

After registering a 1.79% upside in the last session, Ballard Power Systems Inc. (BLDP) has traded red over the past five days. The stock hit a weekly high of 5.57 this Thursday, 03/16/23, jumping 1.79% in its intraday price action. The 5-day price performance for the stock is -8.41%, and -17.15% over 30 days. With these gigs, the year-to-date price performance is 6.89%. Short interest in Ballard Power Systems Inc. (NASDAQ:BLDP) saw shorts transact 32.07 million shares and set a 9.99 days time to cover.

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Analysts on Wall Street suggest a consensus price target of $7.61, implying an increase of 32.72% to the stock’s current value. The extremes give us $4.00 and $15.00 for target low and target high price respectively. As such, BLDP has been trading -192.97% off suggested target high and 21.88% from its likely low.

Ballard Power Systems Inc. (BLDP) estimates and forecasts

Looking at statistics comparing Ballard Power Systems Inc. share performance against respective industry, we note that the company has underperformed competitors. Ballard Power Systems Inc. (BLDP) shares are -32.72% down over the last 6 months, with its year-to-date growth rate lower than industry average at -48.72% against -11.70%. Revenue is forecast to grow 6.70% this quarter before jumping 7.10% for the next one. The rating firms project that company’s revenue will shrink -13.00% compared to the previous financial year.

Revenue forecast for the current quarter as set by 18 analysts is $26.2 million. Meanwhile, for the quarter ending Mar 2023, a total of 10 analyst(s) estimate revenue growth to $24.11 million.Earnings reports from the last fiscal year show that sales brought in $36.7 million and $21 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -28.60% before jumping 14.80% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -24.60% for the past 5-year period. While 2023 is set for a -94.60% return in earnings, projections for the next 5 years are at 0.03% annually.

BLDP Dividends

Ballard Power Systems Inc. has its next earnings report out on March 17. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Ballard Power Systems Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Ballard Power Systems Inc. (NASDAQ:BLDP)’s Major holders

Ballard Power Systems Inc. insiders hold 15.60% of total outstanding shares, with institutional holders owning 33.19% of the shares at 39.32% float percentage. In total, 33.19% institutions holds shares in the company, led by Public Investment Fund. As of Sep 29, 2022, the company held over 9.71 million shares (or 3.25% of shares), all amounting to roughly $59.42 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 8.6 million shares, or about 2.88% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $52.66 million.

We also have iShares Global Clean Energy ETF and Vanguard International Stock Index-Total Intl Stock Indx as the top two Mutual Funds with the largest holdings of the Ballard Power Systems Inc. (BLDP) shares. Going by data provided on Dec 30, 2022, iShares Global Clean Energy ETF holds roughly 4.58 million shares. This is just over 1.54% of the total shares, with a market valuation of $21.94 million. Data from the same date shows that the other fund manager holds a little less at 3.33 million, or 1.12% of the shares, all valued at about 18.88 million.

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