During the last session, Ballard Power Systems Inc (NASDAQ:BLDP)’s traded shares were 16.67 million, with the beta value of the company hitting 1.85. At the end of the trading day, the stock’s price was $1.21, reflecting an intraday loss of -2.42% or -$0.03. The 52-week high for the BLDP share is $3.38, that puts it down -179.34 from that peak though still a striking 10.74% gain since the share price plummeted to a 52-week low of $1.08. The company’s market capitalization is $362.30M, and the average trade volume was 9.87 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 3.25. 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 -0.13.
Ballard Power Systems Inc (NASDAQ:BLDP) trade information
Ballard Power Systems Inc (BLDP) registered a -2.42% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.42% in intraday trading to $1.21, hitting a weekly high. The stock’s 5-day price performance is -6.56%, and it has moved by -10.37% in 30 days. Based on these gigs, the overall price performance for the year is -62.19%.
The consensus price target of analysts on Wall Street is $4, which implies an increase of 69.75% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $15 respectively. As a result, BLDP is trading at a discount of -1139.67% off the target high and -23.97% off the low.
Ballard Power Systems Inc (BLDP) estimates and forecasts
In the rating firms’ projections, revenue will decrease -26.43% 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 28.55M as predicted by 15 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 17.1M 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 -38.94% and then jump by 18.30% 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 -76.77% in 2025, the next five years will return 16.54% per annum.
BLDP Dividends
Ballard Power Systems Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 7.83 million shares, is of LEGAL & GENERAL GROUP PLC’s that is approximately 2.6146% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $17.68 million.
Also, the Mutual Funds coming in first place with the largest holdings of Ballard Power Systems Inc (BLDP) shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Global X Fds-Global X Autonomous & Electric Vehicles ETF . Data provided on Nov 30, 2024 indicates that Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF owns about 2.6 shares. This amounts to just over 0.87 percent of the company’s overall shares, with a $3.15 million market value. The same data shows that the other fund manager holds slightly less at 1.76, or about 0.59% of the stock, which is worth about $2.13 million.
