Ballard Power Systems Inc (NASDAQ: BLDP) is -15.66% lower on its value in year-to-date trading and has touched a low of $1.23 and a high of $3.65 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 $1.52 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $1.40, the stock is -17.48% and -9.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.18 million and changing -7.89% at the moment leaves the stock -32.74% off its SMA200. BLDP registered -54.69% loss for a year compared to 6-month loss of -39.39%. The firm has a 50-day simple moving average (SMA 50) of $1.5512 and a 200-day simple moving average (SMA200) of $2.08145.
The stock witnessed a -7.89% gain in the last 1 month and extending the period to 3 months gives it a -16.67%, and is -10.26% 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 6.38% over the week and 7.22% over the month.
Ballard Power Systems Inc (BLDP) has around 1173 employees, a market worth around $419.19M and $91.35M in sales. Profit margin for the company is -360.17%. Distance from 52-week low is 13.82% and -61.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.25%).
with sales reaching $29.17M over the same period.The EPS is expected to shrink by -77.45% this year, but quarterly earnings will post -27.03% year-over-year. Quarterly sales are estimated to shrink -37.61% in year-over-year returns.
243.0 institutions hold shares in Ballard Power Systems Inc (BLDP), with institutional investors hold 33.23% of the company’s shares. The shares outstanding are 299.42M, and float is at 245.67M with Short Float at 6.23%. Institutions hold 28.06% 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.
