383 institutions hold shares in Ballard Power Systems Inc. (BLDP), with 11.03M shares held by insiders accounting for 3.71% while institutional investors hold 35.25% 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 33.94% 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 3.21% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BLDP stock was last observed hovering at around $24.34 in the last trading session, with the day’s loss setting it -0.19% off its average median price target of $34.00 for the next 12 months. It is also 42.5% off the consensus price target high of $42.00 offered by 16 analysts, but current levels are -2.77% lower than the price target low of $23.50 for the same period.
Currently trading at $24.15, the stock is 0.81% and -19.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.97 million and changing -0.78% at the moment leaves the stock 15.33% off its SMA200. BLDP registered 232.64% gain for a year compared to 6-month gain of 59.93%. The firm has a 50-day simple moving average (SMA 50) of $26.07 and a 200-day simple moving average (SMA200) of $23.37.
The stock witnessed a -5.55% loss in the last 1 month and extending the period to 3 months gives it a 2.50%, and is 7.14% 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 7.14% over the week and 8.91% over the month.
Ballard Power Systems Inc. (BLDP) has around 785 employees, a market worth around $6.88B and $103.90M in sales. Profit margin for the company is -49.50%. Distance from 52-week low is 235.42% and -42.88% 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”. 16 analysts offering their recommendations for the stock have an average rating of 2.10, where 5 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 08/04/2021 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 965.26% up over the past 12 months and Canadian Solar Inc. (CSIQ) that is 229.10% 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.