Ballard Power Systems Inc (NASDAQ:BLDP) shares, rose in value on Thursday, January 02, with the stock price up by 13.17% to the previous day’s close as strong demand from buyers drove the stock to $1.88.
Actively observing the price movement in the recent trading, the stock is buoying the session at $1.66, falling within a range of $1.6701 and $1.88. The value of beta (5-year monthly) is 1.746. Referring to stock’s 52-week performance, its high was $3.79, and the low was $1.23. On the whole, BLDP has fluctuated by 22.79% over the past month.
With the market capitalization of Ballard Power Systems Inc currently standing at about $562.52 million, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 74.54M, with a low estimate of 19.8M and a high estimate of 36.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 28.69M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BLDP’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of BLDP currently trading nearly 14.52% and 22.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.55, while the 7-day volatility ratio is showing 5.73% which for the 30-day chart, stands at 7.28%. Furthermore, Ballard Power Systems Inc (BLDP)’s beta value is 1.68, and its average true range (ATR) is 0.12.
A comparison of Ballard Power Systems Inc (BLDP) with its peers suggests the former has fared considerably weaker in the market. BLDP showed an intraday change of 13.17% in today’s session so far, and over the past year, it shrunk by -48.53%%.
Data on historical trading for Ballard Power Systems Inc (NASDAQ:BLDP) indicates that the trading volumes over the past 10 days have averaged 8.87 and over the past 3 months, they’ve averaged 5.16 million. According to company’s latest data on outstanding shares, there are 299.42 million shares outstanding.
Nearly 17.95% of Ballard Power Systems Inc’s shares belong to company insiders and institutional investors own 19.66% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.68 million shares as on 2024-12-13, resulting in a short ratio of 2.59. The stock has risen by 13.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BLDP stock heading into the next quarter.
