In the last trading session, 11.18 million shares of the Ballard Power Systems Inc (NASDAQ:BLDP) were traded, and its beta was 1.74. Most recently the company’s share price was $1.41, and it changed around $0.03 or 2.17% from the last close, which brings the market valuation of the company to $422.18M. BLDP currently trades at a discount to its 52-week high of $3.39, offering almost -140.43% off that amount. The share price’s 52-week low was $1.23, which indicates that the current value has risen by an impressive 12.77% since then. We note from Ballard Power Systems Inc’s average daily trading volume that its 10-day average is 10.91 million shares, with the 3-month average coming to 8.16 million.
Ballard Power Systems Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.35. If we narrow it down even further, the data shows that 3 out of 18 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 12 recommended BLDP as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Ballard Power Systems Inc is expected to report earnings per share of -0.13 for the current quarter.
Ballard Power Systems Inc (NASDAQ:BLDP) trade information
Instantly BLDP has showed a green trend with a performance of 2.17% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.4500 on recent trading dayincreased the stock’s daily price by 2.76%. The company’s shares are currently down -15.06% year-to-date, but still up 7.63% over the last five days. On the other hand, Ballard Power Systems Inc (NASDAQ:BLDP) is -20.34% down in the 30-day period. We can see from the shorts that 15.3 million shares have been sold at a short interest cover period of 1.57 day(s).
The consensus price target as assigned by Wall Street analysts is $1.55, which translates to bulls needing to increase their stock price by 9.03% from its current value. Analyst projections state that BLDP is forecast to be at a low of $1.5 and a high of $1.6.
Ballard Power Systems Inc (BLDP) estimates and forecasts
The year-over-year growth rate is expected to be -26.33%, down from the previous year.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of 29.17M in revenue for the current quarter. 11 analysts expect Ballard Power Systems Inc to make 17.1M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 46.75M and 14.45M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -37.60%. Forecasts for the next quarter put sales growth at 18.30%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -32.26%. Ballard Power Systems Inc earnings are expected to increase by -77.45% in 2025, but the outlook is positive 16.01% per year for the next five years.
BLDP Dividends
Ballard Power Systems Inc’s next quarterly earnings report is expected to be released in March.
Ballard Power Systems Inc (NASDAQ:BLDP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 15.54% of Ballard Power Systems Inc shares, and 27.84% of them are in the hands of institutional investors. The stock currently has a share float of 32.97%. Ballard Power Systems Inc stock is held by 245.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 3.1912% of the shares, which is about 9.54 million shares worth $21.47 million.
LEGAL & GENERAL GROUP PLC, with 2.618% or 7.83 million shares worth $17.68 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
