In recent trading session today, 0.47 million shares of the Ballard Power Systems Inc. (NASDAQ:BLDP) have been traded, and its beta is 1.77. Most recently the company’s share price was $1.72, and it changed around -$0.04 or -2.27% from the last close, which brings the market valuation of the company to $514.99M. BLDP at last check was trading at a discount to its 52-week high of $4.01, offering almost -133.14% off that amount. The share price’s 52-week low was $1.61, which indicates that the recent value has risen by an impressive 6.4% since then. We note from Ballard Power Systems Inc.’s average daily trading volume that its 10-day average is 3.31 million shares, with the 3-month average coming to 2.83 million.
Ballard Power Systems Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 3.30. 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 -2.27% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.8100 on recent trading dayincreased the stock’s daily price by 4.97%. The company’s shares are currently down -53.51% year-to-date, but still down -2.27% over the last five days. On the other hand, Ballard Power Systems Inc. (NASDAQ:BLDP) is 1.78% up in the 30-day period. We can see from the shorts that 19.11 million shares have been sold at a short interest cover period of 7.67 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 57.0% from its current value. Analyst projections state that BLDP is forecast to be at a low of $1.5 and a high of $15.
Ballard Power Systems Inc. (BLDP) estimates and forecasts
Ballard Power Systems Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -47.24 percent over the past six months and at a 0.00% annual growth rate that is well above the industry average of -1.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 35.70% in revenue this quarter, and will report an increase of 26.10% in the next quarter. The year-over-year growth rate is expected to be -1.30%, down from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 33.65M in revenue for the current quarter. 12 analysts expect Ballard Power Systems Inc. to make 60.59M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 35.24M and 63.2M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -4.50%. Forecasts for the next quarter put sales growth at -4.10%.
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-Nov-05.
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 30.31% of them are in the hands of institutional investors. The stock currently has a share float of 35.89%. Ballard Power Systems Inc. stock is held by 274.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.1912% of the shares, which is about 9.54 million shares worth $21.47 million.
LEGAL & GENERAL GROUP PLC, with 2.618% or 7.83 million shares worth $17.68 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard International Stock Index-Total Intl Stock Indx and Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund were the top two Mutual Funds as of Jul 31, 2024. The former held 2.99 shares worth $5.15 million, making up 1.00% of all outstanding shares. On the other hand, Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund held roughly 2.13 shares worth around $3.67 million, which represents about 0.71% of the total shares outstanding.
