Ballard Power Systems Inc (NASDAQ:BLDP) traded at $1.92 at close of the session on Friday, January 03 and made an upward move of 4.35% on its previous day’s price.
Looking at the stock we see that its previous close was $1.84 and the beta (5Y monthly) reads 1.746 with the day’s price range being $1.775 – $1.94. In terms of its 52-week price range, BLDP has a high of $3.70 and a low of $1.23. The company’s stock has gained about 30.61% over that past 30 days.
Ballard Power Systems Inc has a market cap of $574.89 million and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the BLDP stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 6 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Ballard Power Systems Inc (BLDP) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 15.52% off its SMA20 and 25.29% from its 50-day simple moving average. The RSI (14) is pointing at 71.40 while the volatility over the past week is 7.92% and jumps to 7.76% over the past one month. The beta value is 1.70, while the average true range (ATR) is currently pointing at 0.12. The average price target for the stock over the next 12 months is $1.55, with the estimates having a low of $1.5 and a high of $1.6. These price ends are 21.87% and 16.67% off the current price level respectively, although investors could be excited at the prospect of a 19.27% if the BLDP share price touches on the median price of $1.55.
Coming back to Ballard Power Systems Inc (NASDAQ:BLDP), we note that the average 3-month trading volume was 5.40 million, while that of the preceding 10-day period stands at 10.19 million. Current shares outstanding are 299.42 million.
The insiders hold 17.95% of the company’s shares while institutions hold 19.63%. The data shows that short shares as of 2024-12-13, stood at 12.68 million at a short ratio of 2.59. Shares short fall in December from the previous month at 13.41 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 15.66% up in year-to-date price movement.
