In today’s recent session, 0.91 million shares of the Ballard Power Systems Inc. (NASDAQ:BLDP) have been traded, and its beta is 1.80. Most recently the company’s share price was $3.01, and it changed around -$0.08 or -2.59% from the last close, which brings the market valuation of the company to $901.16M. BLDP at last check was trading at a discount to its 52-week high of $5.68, offering almost -88.7% off that amount. The share price’s 52-week low was $2.42, which indicates that the recent value has risen by an impressive 19.6% since then. We note from Ballard Power Systems Inc.’s average daily trading volume that its 3-month average coming to 2.94 million.
Ballard Power Systems Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 3.05. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended BLDP as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Ballard Power Systems Inc. is expected to report earnings per share of -0.13 for the current quarter.
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Ballard Power Systems Inc. (NASDAQ:BLDP) trade information
Instantly BLDP has been showing red trend so far today with a performance of -2.59% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -18.65% year-to-date, but still down -2.59% over the last five days. On the other hand, Ballard Power Systems Inc. (NASDAQ:BLDP) is 10.26% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $8.19, which translates to bulls needing to increase their stock price by 63.25% from its current value. Analyst projections state that BLDP is forecast to be at a low of $2.3 and a high of $15.
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 -14.25 percent over the past six months and at a -8.33% annual growth rate that is well below the industry average of -0.80%. The year-over-year growth rate is expected to be 9.40%, up from the previous year.
Consensus estimates provided by 16 financial analysts predict the company will bring in an average of 19.61M in revenue for the current quarter. 16 analysts expect Ballard Power Systems Inc. to make 31.8M in revenue for the current ending quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 23.50%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -32.26%. Ballard Power Systems Inc. earnings are expected to increase by 11.67% in 2024, but the outlook is positive 0.03% per year for the next five years.
BLDP Dividends
Ballard Power Systems Inc.’s next quarterly earnings report is expected to be released in July.
