Ballard Power Systems Inc. (BLDP) – key numbers that make it a Strong Buy For Now

Ballard Power Systems Inc. (NASDAQ: BLDP) is 20.21% higher on its value in year-to-date trading and has touched a low of $6.95 and a high of $25.34 in the current 52-week trading range. The BLDP stock was last observed hovering at around $24.31 in the last trading session, with the day’s gains setting it 3.82% off its average median price target of $25.00 for the next 12 months. It is also -0.46% off the consensus price target high of $28.00 offered by 11 analysts, but current levels are -56.28% lower than the price target low of $18.00 for the same period.

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Currently trading at $28.13, the stock is 30.57% and 47.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.36 million and changing 15.74% at the moment leaves the stock 86.54% off its SMA200. BLDP registered 243.05% gain for a year compared to 6-month loss of 35.53%. The firm has a 50-day simple moving average (SMA 50) of $20.73 and a 200-day simple moving average (SMA200) of $17.24.

The stock witnessed a 44.78% gain in the last 1 month and extending the period to 3 months gives it a 53.21%, and is 19.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.79% over the week and 6.68% over the month.

Ballard Power Systems Inc. (BLDP) has around 703 employees, a market worth around $7.95B and $117.20M in sales. Profit margin for the company is -42.80%. Distance from 52-week low is 304.75% and 11.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.20%).

Ballard Power Systems Inc. (BLDP) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Ballard Power Systems Inc. (BLDP) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 2.10, where 2 rate it as a Hold and 4 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Ballard Power Systems Inc. is expected to release its quarterly report on 05/04/2021 and quarterly earnings per share for the current quarter are estimated at -$0.04 with sales reaching $30.4M over the same period.The EPS is expected to shrink by -14.10% this year, but quarterly earnings will post 0.10% year-over-year. Quarterly sales are estimated to shrink -27.40% in year-over-year returns.

Ballard Power Systems Inc. (BLDP) Top Institutional Holders

292 institutions hold shares in Ballard Power Systems Inc. (BLDP), with 56.04M shares held by insiders accounting for 21.65% while institutional investors hold 32.92% of the company’s shares. The shares outstanding are 246.06M, and float is at 204.48M with Short Float at 6.91%. Institutions hold 25.80% of the Float.

The top institutional shareholder in the company is FIL LTD with over 9.88 million shares valued at $149.21 million. The investor’s holdings represent 3.53% of the BLDP Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 5.55 million shares valued at $83.77 million to account for 1.98% of the shares outstanding. The other top investors are Mirova which holds 2.59 million shares representing 0.92% and valued at over $39.06 million, while American Century Companies, Inc. holds 0.90% of the shares totaling 2.53 million with a market value of $38.19 million.

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Ballard Power Systems Inc. (BLDP): Who are the competitors?

The company’s main competitors (and peers) include Plug Power Inc. (PLUG) that is trading 1059.07% up over the past 12 months. Short interest in the company’s stock has fallen -40.98% from the last report on Nov 12, 2020 to stand at a total of 19.92 million short shares sold with a short interest ratio of 2.38.

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