Ballard Power Systems Inc (NASDAQ: BLDP) is -32.53% lower on its value in year-to-date trading and has touched a low of $1.22 and a high of $3.38 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 $1.23 in the last trading session, with the day’s loss setting it -0.11%.
Currently trading at $1.12, the stock is -18.28% and -25.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.56 million and changing -8.94% at the moment leaves the stock -40.63% off its SMA200. BLDP registered -63.28% loss for a year compared to 6-month loss of -38.12%.
The stock witnessed a -17.65% gain in the last 1 month and extending the period to 3 months gives it a -18.25%, and is -16.42% 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 7.50% over the week and 6.10% over the month.
Ballard Power Systems Inc (BLDP) has around 1173 employees, a market worth around $335.35M and $91.35M in sales. Profit margin for the company is -360.17%. Distance from 52-week low is -8.20% and -66.86% from its 52-week high. The company has generated returns on investments over the last 12 months (-44.25%).
with sales reaching $28.55M over the same period.The EPS is expected to shrink by -76.77% this year, but quarterly earnings will post -26.43% year-over-year. Quarterly sales are estimated to shrink -38.94% in year-over-year returns.
Ballard Power Systems Inc (BLDP) Top Institutional Holders
The shares outstanding are 299.42M, and float is at 245.67M with Short Float at 6.28%.
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 2.6146 of the shares outstanding. The other top investors are PUBLIC INVESTMENT FUND which holds 7.05 million shares representing 2.3537% 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
A total of 0 insider transactions have happened at Ballard Power Systems Inc (BLDP) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Ballard Power Systems Inc (BLDP): Who are the competitors?
The company’s main competitors (and peers) include Plug Power Inc. (PLUG) that is trading -61.14% down over the past 12 months. Canadian Solar Inc. (CSIQ) that is -51.55% lower over the same period.
