Ballard Power Systems Inc (NASDAQ: BLDP) is -7.83% lower on its value in year-to-date trading and has touched a low of $1.00 and a high of $2.93 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 gains setting it 0.11%.
Currently trading at $1.53, the stock is 11.15% and 22.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.65 million and changing 7.75% at the moment leaves the stock 3.85% off its SMA200. BLDP registered -47.60% loss for a year compared to 6-month loss of 4.08%. The firm has a 50-day simple moving average (SMA 50) of $1.2538 and a 200-day simple moving average (SMA200) of $1.4733.
The stock witnessed a 27.50% gain in the last 1 month and extending the period to 3 months gives it a 21.43%, and is 18.60% 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 2.73% over the week and 4.18% over the month.
Ballard Power Systems Inc (BLDP) has around 887 employees, a market worth around $458.74M and $70.67M in sales. Profit margin for the company is -430.16%. Distance from 52-week low is 53.00% and -47.87% 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
227.0 institutions hold shares in Ballard Power Systems Inc (BLDP), with institutional investors hold 30.31% of the company’s shares. The shares outstanding are 299.83M, and float is at 249.72M with Short Float at 7.08%. Institutions hold 25.61% 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 7.81 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.
