In the latest trading session, 0.64 million Ballard Power Systems Inc. (NASDAQ:BLDP) shares changed hands as the company’s beta touched 1.78. With the company’s most recent per share price at $1.82 changed hands at -$0.02 or -1.36% at last look, the market valuation stands at $543.43M. BLDP’s current price is a discount, trading about -120.33% off its 52-week high of $4.01. The share price had its 52-week low at $1.61, which suggests the last value was 11.54% up since then. When we look at Ballard Power Systems Inc.’s average trading volume, we note the 10-day average is 3.39 million shares, with the 3-month average coming to 2.70 million.
Analysts gave the Ballard Power Systems Inc. (BLDP) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.29. If we narrow down to specifics, the data shows that 1 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended BLDP as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Ballard Power Systems Inc.’s EPS for the current quarter is expected to be -0.18.
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Ballard Power Systems Inc. (NASDAQ:BLDP) trade information
Instantly BLDP was in red as seen in intraday trades today. With action 8.68%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -50.95%, with the 5-day performance at 8.68% in the green. However, in the 30-day time frame, Ballard Power Systems Inc. (NASDAQ:BLDP) is -2.94% down. Looking at the short shares, we see there were 19.11 million shares sold at short interest cover period of 7.67 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 54.5% from its recent market value. According to analyst projections, BLDP’s forecast low is 1.5 with 15 as the target high. To hit the forecast high, the stock’s price needs a -724.18% plunge from its current level, while the stock would need to tank 17.58% for it to hit the projected low.
Ballard Power Systems Inc. (BLDP) estimates and forecasts
Data shows that the Ballard Power Systems Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -44.50% over the past 6 months, a 0.00% in annual growth rate that is considerably lower than the industry average of 5.90%. Year-over-year growth is forecast to reach -1.70% down from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 33.51M. 12 analysts are of the opinion that Ballard Power Systems Inc.’s revenue for the current quarter will be 60.34M. The company’s revenue for the corresponding quarters a year ago was 35.24M and 63.2M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.90%. The estimates for the next quarter sales put growth at -4.50%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -32.26%. The 2024 estimates are for Ballard Power Systems Inc. earnings to increase by 15.87%.
BLDP Dividends
Ballard Power Systems Inc. is expected to release its next quarterly earnings report in October.
Ballard Power Systems Inc. (NASDAQ:BLDP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 15.53% of Ballard Power Systems Inc. shares while 30.31% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 35.89%. There are 30.31% institutions holding the Ballard Power Systems Inc. stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 3.1912% of the shares, roughly 9.54 million BLDP shares worth $21.47 million.
LEGAL & GENERAL GROUP PLC holds the second largest percentage of outstanding shares, with 2.618% or 7.83 million shares worth $17.68 million as of 2024-06-30.
