Ballard Power Systems Inc (NASDAQ:BLDP) price on current trading day, rose 2.65% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.36.
A look at the stock’s price movement, the close in the last trading session was $1.32. Turning to its 52-week performance, $3.38 and $1.23 were the 52-week high and 52-week low respectively. Overall, BLDP moved -0.37% over the past month.
Ballard Power Systems Inc’s market cap currently stands at around $405.71 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 28.55M 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 -38.94% 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 75.31M, representing a -26.43% 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 75% 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 -2.57% and -11.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.63, while 7-day volatility ratio is 5.58% and 5.74% 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 0.09. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $1.5 and high of $15. Looking at the price targets, the low is -10.29% off current price level while to achieve the yearly target high, price needs to move -1002.94%. Nonetheless, investors will most likely welcome a -194.12% jump to $4 which is the analysts’ median price.
If we refocus on Ballard Power Systems Inc (NASDAQ:BLDP), historical trading data shows that trading volumes averaged 9.17 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 20.47% of the company’s shares. Current price change has pushed the stock -18.37% 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.
