In today’s recent session, 0.45 million shares of the Ballard Power Systems Inc. (NASDAQ:BLDP) have been traded, and its beta is 1.81. Most recently the company’s share price was $1.93, and it changed around $0.0 or -0.01% from the last close, which brings the market valuation of the company to $577.79M. BLDP at last check was trading at a discount to its 52-week high of $5.11, offering almost -164.77% off that amount. The share price’s 52-week low was $1.85, which indicates that the recent value has risen by an impressive 4.15% since then. We note from Ballard Power Systems Inc.’s average daily trading volume that its 10-day average is 2.35 million shares, with the 3-month average coming to 2.54 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 -0.18 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 -0.01% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.3750 on recent trading dayincreased the stock’s daily price by 18.74%. The company’s shares are currently down -47.84% year-to-date, but still down -12.28% over the last five days. On the other hand, Ballard Power Systems Inc. (NASDAQ:BLDP) is -17.17% down in the 30-day period. We can see from the shorts that 22.59 million shares have been sold at a short interest cover period of 7.09 day(s).
The consensus price target as assigned by Wall Street analysts is $5.5, which translates to bulls needing to increase their stock price by 64.91% 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 -36.10 percent over the past six months and at a -6.25% annual growth rate that is well below the industry average of 3.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -28.60% in revenue this quarter, and will report an increase of 32.10% in the next quarter. The year-over-year growth rate is expected to be 10.10%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 25.85M in revenue for the current quarter. 13 analysts expect Ballard Power Systems Inc. to make 43.58M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 22.4M and 35.24M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 15.40%. Forecasts for the next quarter put sales growth at 23.70%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -32.26%.
BLDP Dividends
Ballard Power Systems Inc.’s next quarterly earnings report is expected to be released on 2024-Aug-12.
Ballard Power Systems Inc. (NASDAQ:BLDP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 15.53% of Ballard Power Systems Inc. shares, and 28.32% of them are in the hands of institutional investors. The stock currently has a share float of 33.53%. Ballard Power Systems Inc. stock is held by 276.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 3.09% of the shares, which is about 9.23 million shares worth $25.66 million.
PUBLIC INVESTMENT FUND, with 2.3595% or 7.05 million shares worth $19.59 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
