Ballard Power Systems Inc (NASDAQ: BLDP) is -64.59% lower on its value in year-to-date trading and has touched a low of $1.23 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 $1.28 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.31, the stock is -8.04% and -17.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing 2.34% at the moment leaves the stock -44.18% off its SMA200. BLDP registered -62.57% loss for a year compared to 6-month loss of -57.61%. The firm has a 50-day simple moving average (SMA 50) of $1.5794 and a 200-day simple moving average (SMA200) of $2.34685.
The stock witnessed a -16.56% gain in the last 1 month and extending the period to 3 months gives it a -31.05%, and is 2.34% 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 6.46% over the week and 7.18% over the month.
Ballard Power Systems Inc (BLDP) has around 1173 employees, a market worth around $560.78M and $91.35M in sales. Profit margin for the company is -360.17%. Distance from 52-week low is 6.50% and -67.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.25%).
with sales reaching $28.69M over the same period.The EPS is expected to shrink by -70.86% this year, but quarterly earnings will post -26.74% year-over-year. Quarterly sales are estimated to shrink -38.64% in year-over-year returns.
Ballard Power Systems Inc (BLDP) Top Institutional Holders
246.0 institutions hold shares in Ballard Power Systems Inc (BLDP), with institutional investors hold 31.35% of the company’s shares. The shares outstanding are 298.94M, and float is at 245.66M with Short Float at 5.91%. Institutions hold 26.48% 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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