Ballard Power Systems Inc (BLDP) Analysis & Forecast for 2024

Ballard Power Systems Inc (NASDAQ: BLDP) is -56.76% lower on its value in year-to-date trading and has touched a low of $1.23 and a high of $3.83 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 $1.60 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $1.60, the stock is 6.17% and 4.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.57 million and changing 0.00% at the moment leaves the stock -27.96% off its SMA200. BLDP registered -56.99% loss for a year compared to 6-month loss of -41.61%. The firm has a 50-day simple moving average (SMA 50) of $1.529 and a 200-day simple moving average (SMA200) of $2.22895.

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The stock witnessed a 25.00% gain in the last 1 month and extending the period to 3 months gives it a -6.98%, and is -5.88% 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 5.22% over the week and 7.51% over the month.

Ballard Power Systems Inc (BLDP) has around 1173 employees, a market worth around $479.07M and $91.35M in sales. Profit margin for the company is -360.17%. Distance from 52-week low is 30.08% and -58.22% 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 -70.81% this year, but quarterly earnings will post -27.19% year-over-year. Quarterly sales are estimated to shrink -38.64% in year-over-year returns.

Ballard Power Systems Inc (BLDP) Top Institutional Holders

245.0 institutions hold shares in Ballard Power Systems Inc (BLDP), with institutional investors hold 31.96% of the company’s shares. The shares outstanding are 299.42M, and float is at 245.67M with Short Float at 5.91%. Institutions hold 26.99% 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.