Ballard Power Systems Inc (NASDAQ: BLDP) is 19.28% higher on its value in year-to-date trading and has touched a low of $1.23 and a high of $3.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BLDP stock was last observed hovering at around $1.92 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $1.98, the stock is 17.86% and 28.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 20.21 million and changing 3.13% at the moment leaves the stock -7.74% off its SMA200. BLDP registered -44.07% loss for a year compared to 6-month loss of -15.02%. The firm has a 50-day simple moving average (SMA 50) of $1.5324 and a 200-day simple moving average (SMA200) of $2.15045.
The stock witnessed a 36.55% gain in the last 1 month and extending the period to 3 months gives it a 16.47%, and is 17.16% 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 8.30% over the week and 7.78% over the month.
Ballard Power Systems Inc (BLDP) has around 1173 employees, a market worth around $592.85M and $91.35M in sales. Profit margin for the company is -360.17%. Distance from 52-week low is 60.98% and -46.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.25%).
The EPS is expected to shrink by -70.81% this year.
Ballard Power Systems Inc (BLDP) Top Institutional Holders
242.0 institutions hold shares in Ballard Power Systems Inc (BLDP), with institutional investors hold 32.77% 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 27.68% 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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