Ballard Power Systems Inc. (NASDAQ: BLDP) is -44.59% lower on its value in year-to-date trading and has touched a low of $5.75 and a high of $19.66 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 $6.81 in the last trading session, with the day’s gains setting it 0.15% off its average median price target of $9.00 for the next 12 months. It is also 78.25% off the consensus price target high of $32.00 offered by 24 analysts, but current levels are -39.2% lower than the price target low of $5.00 for the same period.
Currently trading at $6.96, the stock is -8.62% and -9.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.02 million and changing 2.20% at the moment leaves the stock -24.36% off its SMA200. BLDP registered -53.91% loss for a year compared to 6-month loss of -41.07%.
The stock witnessed a -4.40% gain in the last 1 month and extending the period to 3 months gives it a 7.57%, and is -8.54% 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 4.94% over the week and 5.26% over the month.
Ballard Power Systems Inc. (BLDP) has around 1367 employees, a market worth around $2.13B and $103.90M in sales. Distance from 52-week low is 21.04% and -64.60% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.60%).
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 “Hold”. 24 analysts offering their recommendations for the stock have an average rating of 2.40, where 16 rate it as a Hold and 2 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Ballard Power Systems Inc. is expected to release its quarterly report on 11/02/2022.The EPS is expected to shrink by -94.60% this year
Ballard Power Systems Inc. (BLDP) Top Institutional Holders
The shares outstanding are 298.16M, and float is at 251.52M with Short Float at 10.92%.
Ballard Power Systems Inc. (BLDP): Who are the competitors?
The company’s main competitors (and peers) include Plug Power Inc. (PLUG) that is trading -2.15% down over the past 12 months and Canadian Solar Inc. (CSIQ) that is 10.12% higher over the same period.