During the last session, Ballard Power Systems Inc (NASDAQ:BLDP)’s traded shares were 16.59 million, with the beta value of the company hitting 1.68. At the end of the trading day, the stock’s price was $1.84, reflecting an intraday gain of 10.84% or $0.18. The 52-week high for the BLDP share is $3.79, that puts it down -105.98 from that peak though still a striking 33.15% gain since the share price plummeted to a 52-week low of $1.23. The company’s market capitalization is $550.93M, and the average intraday trading volume over the past 10 days was 9.97 million shares, and the average trade volume was 5.16 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 3.33. 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 -0.12.
Ballard Power Systems Inc (NASDAQ:BLDP) trade information
Ballard Power Systems Inc (BLDP) registered a 10.84% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 10.84% in intraday trading to $1.84, hitting a weekly high. The stock’s 5-day price performance is 8.24%, and it has moved by 20.26% in 30 days. Based on these gigs, the overall price performance for the year is -49.59%. The short interest in Ballard Power Systems Inc (NASDAQ:BLDP) is 12.68 million shares and it means that shorts have 2.59 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.55, which implies a decrease of -18.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $1.6 respectively. As a result, BLDP is trading at a premium of 13.04% off the target high and 18.48% off the low.
Ballard Power Systems Inc (BLDP) estimates and forecasts
Statistics show that Ballard Power Systems Inc has underperformed its competitors in share price, compared to the industry in which it operates. Ballard Power Systems Inc (BLDP) shares have gone down -19.65% during the last six months, with a year-to-date growth rate less than the industry average at -116.67% against 0.10. In the rating firms’ projections, revenue will decrease -27.19% 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 28.69M as predicted by 14 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 17.52M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 46.75M and 14.45M respectively. In this case, analysts expect current quarter sales to shrink by -38.64% and then jump by 21.21% 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 -70.81% in 2025.
BLDP Dividends
Ballard Power Systems Inc is due to release its next quarterly earnings in February. 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 27.72%, with the float percentage being 32.82%. VANGUARD GROUP INC is the largest shareholder of the company, while 242.0 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.
