Ballard Power Systems Inc (NASDAQ: BLDP) is -1.20% lower on its value in year-to-date trading and has touched a low of $1.00 and a high of $2.83 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 $1.67 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $1.64, the stock is 13.49% and 25.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.63 million and changing -1.80% at the moment leaves the stock 11.77% off its SMA200. BLDP registered -41.01% loss for a year compared to 6-month loss of -3.53%.
The stock witnessed a 15.49% gain in the last 1 month and extending the period to 3 months gives it a 24.24%, and is 7.19% 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 1.56% over the week and 4.22% over the month.
Ballard Power Systems Inc (BLDP) has around 887 employees, a market worth around $491.72M and $70.67M in sales. Profit margin for the company is -430.16%. Distance from 52-week low is 64.00% and -42.05% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.10%).
The EPS is expected to grow by 67.41% this year.
Ballard Power Systems Inc (BLDP) Top Institutional Holders
The shares outstanding are 299.83M, and float is at 249.72M with Short Float at 8.20%.
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 3.1871% of the BLDP Shares outstanding. As of 2024-06-30, the second largest holder is LEGAL & GENERAL GROUP PLC with 7.81 million shares valued at $17.64 million to account for 2.6095 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 1.6688 of the shares totaling 5.0 million with a market value of $11.24 million.
