Ballard Power Systems Inc. (NASDAQ: BLDP) is -54.32% lower on its value in year-to-date trading and has touched a low of $1.60 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 $1.61 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $1.69, the stock is -1.40% and -5.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.89 million and changing 4.97% at the moment leaves the stock -35.74% off its SMA200. BLDP registered -55.53% loss for a year compared to 6-month loss of -42.52%. The firm has a 50-day simple moving average (SMA 50) of $1.792 and a 200-day simple moving average (SMA200) of $2.6298.
The stock witnessed a -1.74% gain in the last 1 month and extending the period to 3 months gives it a -33.46%, and is -0.59% 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 5.32% over the week and 5.87% over the month.
Ballard Power Systems Inc. (BLDP) has around 1173 employees, a market worth around $506.00M and $104.17M in sales. Profit margin for the company is -178.99%. Distance from 52-week low is 5.63% and -57.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.70%).
with sales reaching $34.11M over the same period.The EPS is expected to grow by 16.48% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink -3.20% in year-over-year returns.
Ballard Power Systems Inc. (BLDP) Top Institutional Holders
274.0 institutions hold shares in Ballard Power Systems Inc. (BLDP), with institutional investors hold 35.95% 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 30.36% 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.
Ballard Power Systems Inc. (BLDP) Insider Activity
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