Ballard Power Systems Inc (NASDAQ:BLDP) price on Wednesday, February 05, rose 1.48% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.37.
A look at the stock’s price movement, the close in the last trading session was $1.35, moving within a range at $1.35 and $1.4299. The beta value (5-Year monthly) was 1.746. Turning to its 52-week performance, $3.39 and $1.23 were the 52-week high and 52-week low respectively. Overall, BLDP moved -28.65% over the past month.
Ballard Power Systems Inc’s market cap currently stands at around $410.21 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 29.17M for the company’s revenue for the quarter, with a low and high estimate of 19.8M and 36.3M respectively. The average forecast suggests down to a -37.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 75.42M, representing a -26.33% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BLDP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 2 recommend BLDP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BLDP’s current price about -9.06% and -12.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.92, while 7-day volatility ratio is 5.29% and 6.45% in the 30-day chart. Further, Ballard Power Systems Inc (BLDP) has a beta value of 1.74, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $1.55, forecast between a low of $1.5 and high of $1.6. Looking at the price targets, the low is -9.49% off current price level while to achieve the yearly target high, price needs to move -16.79%. Nonetheless, investors will most likely welcome a -13.14% jump to $1.55 which is the analysts’ median price.
If we refocus on Ballard Power Systems Inc (NASDAQ:BLDP), historical trading data shows that trading volumes averaged 10.95 over the past 10 days and 7.98 million over the past 3 months. The company’s latest data on shares outstanding shows there are 299.42 million shares.
The 17.95% of Ballard Power Systems Inc’s shares are in the hands of company insiders while institutional holders own 19.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.3 million on 2025-01-15, giving us a short ratio of 1.57. Current price change has pushed the stock -17.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BLDP stock continues to rise going into the next quarter.
