In the last trading session, 6.87 million Ballard Power Systems Inc (NASDAQ:BLDP) shares changed hands as the company’s beta touched 1.71. With the company’s per share price at $1.56 changed hands at -$0.07 or -4.29% during last session, the market valuation stood at $467.10M. BLDP’s last price was a discount, traded about -133.97% off its 52-week high of $3.65. The share price had its 52-week low at $1.23, which suggests the last value was 21.15% up since then. When we look at Ballard Power Systems Inc’s average trading volume, we note the 10-day average is 12.27 million shares, with the 3-month average coming to 6.38 million.
Analysts gave the Ballard Power Systems Inc (BLDP) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.35. If we narrow down to specifics, the data shows that 1 out of 6 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended BLDP as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
Ballard Power Systems Inc (NASDAQ:BLDP) trade information
Instantly BLDP was in red as seen at the end of in last trading. With action -21.21%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -6.02%, with the 5-day performance at -21.21% in the red. However, in the 30-day time frame, Ballard Power Systems Inc (NASDAQ:BLDP) is -6.59% down. Looking at the short shares, we see there were 15.3 million shares sold at short interest cover period of 2.59 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1.55, meaning bulls need a downside of -0.65% from its current market value. According to analyst projections, BLDP’s forecast low is 1.5 with 1.6 as the target high. To hit the forecast high, the stock’s price needs a -2.56% plunge from its current level, while the stock would need to tank 3.85% for it to hit the projected low.
Ballard Power Systems Inc (BLDP) estimates and forecasts
Data shows that the Ballard Power Systems Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -38.58% over the past 6 months, a -116.67% in annual growth rate that is considerably lower than the industry average of -1.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -32.26%. The 2025 estimates are for Ballard Power Systems Inc earnings to decrease by -77.33%.
BLDP Dividends
Ballard Power Systems Inc is expected to release its next quarterly earnings report in February.
Ballard Power Systems Inc (NASDAQ:BLDP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 15.54% of Ballard Power Systems Inc shares while 28.46% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 33.70%. There are 28.46% institutions holding the Ballard Power Systems Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 3.1912% of the shares, roughly 9.54 million BLDP shares worth $21.47 million.
LEGAL & GENERAL GROUP PLC holds the second largest percentage of outstanding shares, with 2.618% or 7.83 million shares worth $17.68 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Global X Fds-Global X Autonomous & Electric Vehicles ETF . With 2.69 shares estimated at $4.19 million under it, the former controlled 0.90% of total outstanding shares. On the other hand, Global X Fds-Global X Autonomous & Electric Vehicles ETF held about 0.62% of the shares, roughly 1.85 shares worth around $2.88 million.
