292 institutions hold shares in Ballard Power Systems Inc. (BLDP), with 64.33M shares held by insiders accounting for 21.65% while institutional investors hold 32.92% of the company’s shares. The shares outstanding are 268.85M, and float is at 225.22M with Short Float at 7.89%. Institutions hold 25.80% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 15.22 million shares valued at $356.11 million. The investor’s holdings represent 5.12% of the BLDP Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 6.26 million shares valued at $146.52 million to account for 2.11% of the shares outstanding. The other top investors are Marshall Wace LLP which holds 3.6 million shares representing 1.21% and valued at over $84.34 million, while BNP Paribas Asset Management Holding S.A. holds 1.12% of the shares totaling 3.31 million with a market value of $77.54 million.
Ballard Power Systems Inc. (NASDAQ: BLDP) is -9.17% lower on its value in year-to-date trading and has touched a low of $7.20 and a high of $42.28 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BLDP stock was last observed hovering at around $22.75 in the last trading session, with the day’s loss setting it -1.5% off its average median price target of $34.00 for the next 12 months. It is also 49.52% off the consensus price target high of $42.10 offered by 15 analysts, but current levels are 9.57% higher than the price target low of $23.50 for the same period.
Currently trading at $21.25, the stock is -14.00% and -30.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.35 million and changing -6.57% at the moment leaves the stock 2.22% off its SMA200. BLDP registered 176.04% gain for a year compared to 6-month gain of 49.05%. The firm has a 50-day simple moving average (SMA 50) of $28.17 and a 200-day simple moving average (SMA200) of $23.13.
The stock witnessed a -23.60% loss in the last 1 month and extending the period to 3 months gives it a -9.36%, and is -16.48% down 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 8.12% over the week and 9.06% over the month.
Ballard Power Systems Inc. (BLDP) has around 785 employees, a market worth around $5.95B and $103.90M in sales. Profit margin for the company is -49.50%. Distance from 52-week low is 195.21% and -49.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.30%).
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”. 15 analysts offering their recommendations for the stock have an average rating of 2.10, where 4 rate it as a Hold and 3 think it is a “Overweight”. 8 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 $26.12M over the same period.The EPS is expected to shrink by -31.30% this year, but quarterly earnings will post 18.80% year-over-year. Quarterly sales are estimated to grow 8.80% in year-over-year returns.
Ballard Power Systems Inc. (BLDP): Who are the competitors?
The company’s main competitors (and peers) include Plug Power Inc. (PLUG) that is trading 727.42% up over the past 12 months and Canadian Solar Inc. (CSIQ) that is 195.03% higher over the same period. Short interest in the company’s stock has risen 35.06% from the last report on Feb 11, 2021 to stand at a total of 11.54 million short shares sold with a short interest ratio of 2.2.