In the last trading session, 1.94 million shares of the Ballard Power Systems Inc (NASDAQ:BLDP) were traded, and its beta was 1.87. Most recently the company’s share price was $1.17, and it changed around $0.05 or 4.46% from the last close, which brings the market valuation of the company to $350.32M. BLDP currently trades at a discount to its 52-week high of $3.38, offering almost -188.89% off that amount. The share price’s 52-week low was $1.11, which indicates that the current value has risen by an impressive 5.13% since then.
Ballard Power Systems Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.25. If we narrow it down even further, the data shows that 2 out of 17 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 (NASDAQ:BLDP) trade information
Instantly BLDP has showed a green trend with a performance of 4.46% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.4000 on recent trading dayincreased the stock’s daily price by 16.43%. The company’s shares are currently down -29.52% year-to-date, but still down -11.36% over the last five days. On the other hand, Ballard Power Systems Inc (NASDAQ:BLDP) is -13.97% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 70.75% from its current value. Analyst projections state that BLDP is forecast to be at a low of $1.5 and a high of $15.
Ballard Power Systems Inc (BLDP) estimates and forecasts
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 -76.77% in 2025, but the outlook is positive 16.54% per year for the next five years.
Ballard Power Systems Inc (NASDAQ:BLDP)’s Major holders
LEGAL & GENERAL GROUP PLC, with 2.6146% or 7.83 million shares worth $17.68 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Global X Fds-Global X Autonomous & Electric Vehicles ETF were the top two Mutual Funds as of Nov 30, 2024. The former held 2.6 shares worth $3.07 million, making up 0.87% of all outstanding shares. On the other hand, Global X Fds-Global X Autonomous & Electric Vehicles ETF held roughly 1.76 shares worth around $2.08 million, which represents about 0.59% of the total shares outstanding.
