Ballard Power Systems Inc. (NASDAQ:BLDP)’s traded shares stood at 5.25 million during the last session, with the company’s beta value hitting 1.78. At the close of trading, the stock’s price was $1.52, to imply a decrease of -3.18% or -$0.05 in intraday trading. The BLDP share’s 52-week high remains $4.01, putting it -163.82% down since that peak but still an impressive -1.97% since price per share fell to its 52-week low of $1.55. The company has a valuation of $455.10M, with an average of 2.56 million shares in intraday trading volume over the past 10 days and average of 2.77 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Ballard Power Systems Inc. (BLDP), translating to a mean rating of 3.30. Of 6 analyst(s) looking at the stock, 1 analyst(s) give BLDP a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.18.
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Ballard Power Systems Inc. (NASDAQ:BLDP) trade information
After registering a -3.18% downside in the last session, Ballard Power Systems Inc. (BLDP) has traded red over the past five days. The 5-day price performance for the stock is -9.52%, and -13.14% over 30 days. With these gigs, the year-to-date price performance is -58.92%. Short interest in Ballard Power Systems Inc. (NASDAQ:BLDP) saw shorts transact 19.11 million shares and set a 5.21 days time to cover.
The extremes give us $1.5 and $15 for target low and target high price respectively. As such, BLDP has been trading -886.84% off suggested target high and 1.32% from its likely low.
Ballard Power Systems Inc. (BLDP) estimates and forecasts
Looking at statistics comparing Ballard Power Systems Inc. share performance against respective industry, we note that the company has underperformed competitors. Ballard Power Systems Inc. (BLDP) shares are -41.54% down over the last 6 months, with its year-to-date growth rate lower than industry average at 0.00% against 0.10%. Revenue is forecast to grow 35.70% this quarter before jumping 26.10% for the next one. The rating firms project that company’s revenue will shrink -1.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 32.32M. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 61.39M.Earnings reports from the last fiscal year show that sales brought in 35.24M and 63.2M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -8.30% before dropping -2.90% in the following quarter.
BLDP Dividends
Ballard Power Systems Inc. has its next earnings report out on 2024-Nov-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Ballard Power Systems Inc. (NASDAQ:BLDP)’s Major holders
Ballard Power Systems Inc. insiders hold 15.53% of total outstanding shares, with institutional holders owning 29.64% of the shares at 35.10% float percentage. In total, 29.64% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 9.54 million shares (or 3.1912% of shares), all amounting to roughly $21.47 million.
The next major institution holding the largest number of shares is LEGAL & GENERAL GROUP PLC with 7.83 million shares, or about 2.618% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $17.68 million.
We also have Vanguard International Stock Index-Total Intl Stock Indx and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF as the top two Mutual Funds with the largest holdings of the Ballard Power Systems Inc. (BLDP) shares. Going by data provided on Jul 31, 2024 , Vanguard International Stock Index-Total Intl Stock Indx holds roughly 2.99 shares. This is just over 1.00% of the total shares, with a market valuation of $4.55 million. Data from the same date shows that the other fund manager holds a little less at 2.6, or 0.87% of the shares, all valued at about 3.95 million.
