Ballard Power Systems Inc (NASDAQ: BLDP) is -21.85% lower on its value in year-to-date trading and has touched a low of $1.00 and a high of $2.71 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 $1.87 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.86, the stock is 12.52% and 24.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.26 million and changing -0.53% at the moment leaves the stock 27.46% off its SMA200. BLDP registered 12.05% gain for a year compared to 6-month loss of 5.08%. The firm has a 50-day simple moving average (SMA 50) of $1.494 and a 200-day simple moving average (SMA200) of $1.4593.
The stock witnessed a 10.71% gain in the last 1 month and extending the period to 3 months gives it a 60.34%, and is 9.41% 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 6.67% over the week and 7.43% over the month.
Ballard Power Systems Inc (BLDP) has around 887 employees, a market worth around $557.68M and $70.67M in sales. Profit margin for the company is -430.16%. Distance from 52-week low is 86.00% and -31.37% from its 52-week high. The company has generated returns on investments over the last 12 months (-45.10%).
with sales reaching $17.94M over the same period.The EPS is expected to grow by 67.40% this year, but quarterly earnings will post 32.80% year-over-year. Quarterly sales are estimated to grow 12.11% in year-over-year returns.
Ballard Power Systems Inc (BLDP) Top Institutional Holders
226.0 institutions hold shares in Ballard Power Systems Inc (BLDP), with institutional investors hold 30.78% of the company’s shares. The shares outstanding are 299.83M, and float is at 249.09M with Short Float at 8.22%. Institutions hold 26.00% 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.
Ballard Power Systems Inc (BLDP) Insider Activity
#####
