In last trading session, Ballard Power Systems Inc. (NASDAQ:BLDP) saw 1.93 million shares changing hands with its beta currently measuring 1.77. Company’s recent per share price level of $2.25 trading at $0.02 or 0.90% at ring of the bell on the day assigns it a market valuation of $673.63M. That closing price of BLDP’s stock is at a discount of -127.11% from its 52-week high price of $5.11 and is indicating a premium of 4.89% from its 52-week low price of $2.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.15 million shares which gives us an average trading volume of 2.56 million if we extend that period to 3-months.

For Ballard Power Systems Inc. (BLDP), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.05. Splitting up the data highlights that, out of 6 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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

Upright in the green during last session for gaining 0.90%, in the last five days BLDP remained trading in the red while hitting it’s week-highest on Friday, 07/19/24 when the stock touched $2.25 price level, adding 6.25% to its value on the day. Ballard Power Systems Inc.’s shares saw a change of -39.19% in year-to-date performance and have moved -5.86% in past 5-day. Ballard Power Systems Inc. (NASDAQ:BLDP) showed a performance of -2.60% in past 30-days. Number of shares sold short was 22.59 million shares which calculate 7.09 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5.5 to the stock, which implies a rise of 59.09% to its current value. Analysts have been projecting 2.3 as a low price target for the stock while placing it at a high target of 15. It follows that stock’s current price would drop -2.22% in reaching the projected high whereas dropping to the targeted low would mean a loss of -2.22% for stock’s current value.

Ballard Power Systems Inc. (BLDP) estimates and forecasts

Statistics highlight that Ballard Power Systems Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -34.21% of value to its shares in past 6 months, showing an annual growth rate of -6.25% while that of industry is 3.50. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -32.26% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 11.47% while estimates for its earnings growth in next 5 years are of 0.03%.

BLDP Dividends

Ballard Power Systems Inc. is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 15.54% of company’s total shares while institution are holding 28.21 percent of that, with stock having share float percentage of 33.41%. Investors also watch the number of corporate investors in a company very closely, which is 28.21% institutions for Ballard Power Systems Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at BLDP for having 9.23 million shares of worth $25.66 million. And as of 2024-03-31, it was holding 3.09 of the company’s outstanding shares.

The second largest institutional holder is PUBLIC INVESTMENT FUND, which was holding about 7.05 million shares on 2024-03-31. The number of shares represents firm’s hold over 2.3595 of outstanding shares, having a total worth of $19.59 million.