During the recent session, Ballard Power Systems Inc. (NASDAQ:BLDP)’s traded shares were 0.6 million, with the beta value of the company hitting 1.78. At the last check today, the stock’s price was $1.63, reflecting an intraday gain of 1.55% or $0.02. The 52-week high for the BLDP share is $4.01, that puts it down -146.01 from that peak though still a striking 1.84% gain since the share price plummeted to a 52-week low of $1.60. The company’s market capitalization is $489.54M, and the average intraday trading volume over the past 10 days was 3.3 million shares, and the average trade volume was 2.86 million shares over the past three months.
Ballard Power Systems Inc. (BLDP) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.30. BLDP has a Sell rating from 1 analyst(s) out of 6 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.18.
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Ballard Power Systems Inc. (NASDAQ:BLDP) trade information
Ballard Power Systems Inc. (BLDP) registered a 1.55% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.55% in intraday trading to $1.63, hitting a weekly high. The stock’s 5-day price performance is -3.82%, and it has moved by -4.94% in 30 days. Based on these gigs, the overall price performance for the year is -56.97%. The short interest in Ballard Power Systems Inc. (NASDAQ:BLDP) is 19.11 million shares and it means that shorts have 5.21 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 59.25% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $15 respectively. As a result, BLDP is trading at a discount of -820.25% off the target high and 7.98% off the low.
Ballard Power Systems Inc. (BLDP) estimates and forecasts
Statistics show that Ballard Power Systems Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Ballard Power Systems Inc. (BLDP) shares have gone down -44.39% during the last six months, with a year-to-date growth rate more than the industry average at 0.00% against -1.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 35.70% this quarter and then jump 26.10% in the quarter after that. In the rating firms’ projections, revenue will decrease -0.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 33.98M as predicted by 13 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 61.18M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 35.24M and 63.2M respectively. In this case, analysts expect current quarter sales to shrink by -3.60% and then drop by -3.20% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -32.26%. While earnings are projected to return 16.48% in 2024.
BLDP Dividends
Ballard Power Systems Inc. is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Ballard Power Systems Inc. (NASDAQ:BLDP)’s Major holders
Ballard Power Systems Inc. insiders own 15.53% of total outstanding shares while institutional holders control 30.35%, with the float percentage being 35.93%. VANGUARD GROUP INC is the largest shareholder of the company, while 274.0 institutions own stock in it. As of 2024-06-30, the company held over 9.54 million shares (or 3.1912% of all shares), a total value of $21.47 million in shares.
The next largest institutional holding, with 7.83 million shares, is of LEGAL & GENERAL GROUP PLC’s that is approximately 2.618% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $17.68 million.
