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Things appear to be looking up for Ballard Power Systems Inc. (BLDP)

Ballard Power Systems Inc. (NASDAQ: BLDP) is -11.62% lower on its value in year-to-date trading and has touched a low of $2.66 and a high of $5.68 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 $2.78 in the last trading session, with the day’s gains setting it 0.49%.

Currently trading at $3.27, the stock is 11.92% and 6.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.86 million and changing 17.63% at the moment leaves the stock -12.17% off its SMA200. BLDP registered -39.44% loss for a year compared to 6-month loss of -8.91%. The firm has a 50-day simple moving average (SMA 50) of $0.92 and a 200-day simple moving average (SMA200) of -$0.73.

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The stock witnessed a 4.14% gain in the last 1 month and extending the period to 3 months gives it a -13.95%, and is 18.05% 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 5.54% over the week and 5.22% over the month.

Ballard Power Systems Inc. (BLDP) has around 1173 employees, a market worth around $977.86M and $102.37M in sales. Profit margin for the company is -173.61%. Distance from 52-week low is 22.93% and -42.43% from its 52-week high. The company has generated returns on investments over the last 12 months (-17.69%).

Ballard Power Systems Inc. quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $16.91M over the same period.The EPS is expected to grow by 10.69% this year, but quarterly earnings will post 12.10% year-over-year. Quarterly sales are estimated to grow 26.70% in year-over-year returns.

Ballard Power Systems Inc. (BLDP) Top Institutional Holders

301 institutions hold shares in Ballard Power Systems Inc. (BLDP), with institutional investors hold 39.03% of the company’s shares. The shares outstanding are 298.94M, and float is at 241.87M with Short Float at 9.45%. Institutions hold 32.96% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 8.97 million shares valued at $39.12 million. The investor’s holdings represent 3.01% of the BLDP Shares outstanding. As of Jun 29, 2023, the second largest holder is Public Investment Fund with 7.05 million shares valued at $30.72 million to account for 2.36% of the shares outstanding. The other top investors are Legal & General Group PLC which holds 5.84 million shares representing 1.96% and valued at over $25.48 million, while Norges Bank Investment Management holds 1.26% of the shares totaling 3.75 million with a market value of $17.98 million.

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