Why should you keep an eye on Ballard Power Systems Inc. (BLDP)?

Ballard Power Systems Inc. (NASDAQ: BLDP) is -54.05% lower on its value in year-to-date trading and has touched a low of $1.61 and a high of $4.01 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 $1.67 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $1.70, the stock is -1.48% and -8.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.43 million and changing 1.80% at the moment leaves the stock -36.77% off its SMA200. BLDP registered -51.70% loss for a year compared to 6-month loss of -46.03%. The firm has a 50-day simple moving average (SMA 50) of $1.8468 and a 200-day simple moving average (SMA200) of $2.6794.

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The stock witnessed a 1.80% gain in the last 1 month and extending the period to 3 months gives it a -27.04%, and is -7.61% 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 5.61% over the week and 5.85% over the month.

Ballard Power Systems Inc. (BLDP) has around 1173 employees, a market worth around $509.00M and $104.17M in sales. Profit margin for the company is -178.99%. Distance from 52-week low is 5.59% and -57.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.70%).

with sales reaching $33.65M over the same period.The EPS is expected to grow by 16.38% this year, but quarterly earnings will post -1.30% year-over-year. Quarterly sales are estimated to shrink -4.50% in year-over-year returns.

Ballard Power Systems Inc. (BLDP) Top Institutional Holders

275.0 institutions hold shares in Ballard Power Systems Inc. (BLDP), with institutional investors hold 35.87% of the company’s shares. The shares outstanding are 298.94M, and float is at 245.65M with Short Float at 7.78%. Institutions hold 30.30% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 9.54 million shares valued at $21.47 million. The investor’s holdings represent 3.1912% of the BLDP Shares outstanding. As of 2024-06-30, the second largest holder is LEGAL & GENERAL GROUP PLC with 7.83 million shares valued at $17.68 million to account for 2.618 of the shares outstanding. The other top investors are PUBLIC INVESTMENT FUND which holds 7.05 million shares representing 2.3567% and valued at over $15.86 million, while CITADEL ADVISORS LLC holds 1.6709 of the shares totaling 5.0 million with a market value of $11.24 million.