Ballard Power Systems Inc (NASDAQ:BLDP) has a beta value of 1.72 and has seen 2.53 million shares traded in the last trading session. The company, currently valued at $560.78M, closed the last trade at $1.31 per share which meant it gained $0.03 on the day or 2.34% during that session. The BLDP stock price is -206.11% off its 52-week high price of $4.01 and 6.11% above the 52-week low of $1.23. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.55 million shares traded. The 3-month trading volume is 3.29 million shares.
The consensus among analysts is that Ballard Power Systems Inc (BLDP) is Hold stock at the moment, with a recommendation rating of 3.32. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 6 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.12.
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Ballard Power Systems Inc (NASDAQ:BLDP) trade information
Sporting 2.34% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the BLDP stock price touched $1.31 or saw a rise of 7.75%. Year-to-date, Ballard Power Systems Inc shares have moved -64.59%, while the 5-day performance has seen it change 2.34%. Over the past 30 days, the shares of Ballard Power Systems Inc (NASDAQ:BLDP) have changed -16.56%. Short interest in the company has seen 14.51 million shares shorted with days to cover at 4.49.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could jump 67.25% from current levels. The projected low price target is $1.5 while the price target rests at a high of $15.0. In that case, then, we find that the current price level is -1045.04% off the targeted high while a plunge would see the stock gain -14.5% from current levels.
Ballard Power Systems Inc (BLDP) estimates and forecasts
Figures show that Ballard Power Systems Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -57.61% over the past 6 months, with this year growth rate of -116.67%, compared to -1.70% for the industry. Revenue growth from the last financial year stood is estimated to be -26.74%.
14 analysts offering their estimates for the company have set an average revenue estimate of 28.69M for the current quarter. 8 have an estimated revenue figure of 17.08M for the next ending quarter. Year-ago sales stood 46.75M and 14.45M respectively for this quarter and the next, and analysts expect sales will shrink by -38.64% for the current quarter and -26.74% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -32.26% over the past 5 years.
BLDP Dividends
Ballard Power Systems Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Ballard Power Systems Inc (NASDAQ:BLDP)’s Major holders
Insiders own 15.53% of the company shares, while shares held by institutions stand at 26.48% with a share float percentage of 31.35%. Investors are also buoyed by the number of investors in a company, with Ballard Power Systems Inc having a total of 246.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 9.54 million shares worth more than $21.47 million. As of 2024-06-30, VANGUARD GROUP INC held 3.1912% of shares outstanding.
The other major institutional holder is LEGAL & GENERAL GROUP PLC, with the holding of over 7.83 million shares as of 2024-06-30. The firm’s total holdings are worth over $17.68 million and represent 2.618% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Total Intl Stock Indx and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF . As of Jul 31, 2024 , the former fund manager holds about 1.00% shares in the company for having 2.99 shares of worth $3.92 million while later fund manager owns 2.6 shares of worth $3.4 million as of Sep 30, 2024 , which makes it owner of about 0.87% of company’s outstanding stock.
