Ballard Power Systems Inc (BLDP) Stock Could Soon Reward Patient Investors

Ballard Power Systems Inc (NASDAQ: BLDP) is -14.46% lower on its value in year-to-date trading and has touched a low of $1.00 and a high of $3.22 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 $1.42 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $1.42, the stock is 10.72% and 15.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.21 million and changing 0.00% at the moment leaves the stock -5.96% off its SMA200. BLDP registered -54.63% loss for a year compared to 6-month loss of 11.81%.

The stock witnessed a 25.66% gain in the last 1 month and extending the period to 3 months gives it a -5.33%, and is 1.43% 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 5.92% over the week and 6.00% over the month.

Ballard Power Systems Inc (BLDP) has around 887 employees, a market worth around $425.76M and $70.67M in sales. Profit margin for the company is -430.16%. Distance from 52-week low is 42.00% and -55.97% 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 253.07M with Short Float at 6.75%.

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.