Ballard Power Systems Inc (NASDAQ: BLDP) is -30.12% lower on its value in year-to-date trading and has touched a low of $1.00 and a high of $3.34 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 $1.12 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $1.16, the stock is 1.80% and -7.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.65 million and changing 3.57% at the moment leaves the stock -27.78% off its SMA200. BLDP registered -55.89% loss for a year compared to 6-month loss of -30.95%. The firm has a 50-day simple moving average (SMA 50) of $1.2546 and a 200-day simple moving average (SMA200) of $1.61205.
The stock witnessed a -10.77% gain in the last 1 month and extending the period to 3 months gives it a -17.14%, and is -2.52% 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 6.00% over the week and 7.20% over the month.
Ballard Power Systems Inc (BLDP) has around 887 employees, a market worth around $347.61M and $69.73M in sales. Profit margin for the company is -464.99%. Distance from 52-week low is 16.00% and -65.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-46.72%).
with sales reaching $16.73M over the same period.The EPS is expected to grow by 63.69% this year, but quarterly earnings will post 41.78% year-over-year. Quarterly sales are estimated to grow 15.77% in year-over-year returns.
233.0 institutions hold shares in Ballard Power Systems Inc (BLDP), with institutional investors hold 33.26% of the company’s shares. The shares outstanding are 299.44M, and float is at 245.87M with Short Float at 6.44%. Institutions hold 28.10% 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 3.1871 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 1.6688 of the shares totaling 5.0 million with a market value of $11.24 million.
