Ballard Power Systems Inc (NASDAQ: BLDP) is -20.48% lower on its value in year-to-date trading and has touched a low of $1.23 and a high of $3.39 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 $1.41 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $1.32, the stock is -7.30% and -15.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.18 million and changing -6.38% at the moment leaves the stock -33.24% off its SMA200. BLDP registered -58.10% loss for a year compared to 6-month loss of -31.61%. The firm has a 50-day simple moving average (SMA 50) of $1.566 and a 200-day simple moving average (SMA200) of $1.98335.
The stock witnessed a -24.57% gain in the last 1 month and extending the period to 3 months gives it a -1.49%, and is -2.22% 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 5.27% over the week and 6.01% over the month.
Ballard Power Systems Inc (BLDP) has around 1173 employees, a market worth around $395.23M and $91.35M in sales. Profit margin for the company is -360.17%. Distance from 52-week low is 7.32% and -61.12% 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 -26.33% year-over-year. Quarterly sales are estimated to shrink -37.60% in year-over-year returns.
Ballard Power Systems Inc (BLDP) Top Institutional Holders
242.0 institutions hold shares in Ballard Power Systems Inc (BLDP), with institutional investors hold 32.70% of the company’s shares. The shares outstanding are 299.42M, and float is at 245.65M with Short Float at 6.23%. Institutions hold 27.62% 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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