Ballard Power Systems Inc (NASDAQ:BLDP) shares, rose in value, with the stock price down by -2.36% to the previous day’s close as strong demand from buyers drove the stock to $1.24.
Actively observing the price movement in the last trading, the stock closed the session at $1.27. Referring to stock’s 52-week performance, its high was $3.38, and the low was $1.08. On the whole, BLDP has fluctuated by -5.34% over the past month.
With the market capitalization of Ballard Power Systems Inc currently standing at about $371.28 million, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 75.31M, 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 28.55M.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BLDP currently trading nearly -9.02% and -17.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.75, while the 7-day volatility ratio is showing 10.45% which for the 30-day chart, stands at 6.88%. Furthermore, Ballard Power Systems Inc (BLDP)’s beta value is 1.83, and its average true range (ATR) is 0.10.
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 -2.36% in last session, and over the past year, it shrunk by -61.49%%. In comparison, Plug Power Inc. (PLUG) has moved higher at 4.32%% on the day and was down -57.96% over the past 12 months. On the other hand, the price of Canadian Solar Inc. (CSIQ) has fallen -0.88%% on the day. The stock, however, is off -50.37% from where it was a year ago.
Data on historical trading for Ballard Power Systems Inc (NASDAQ:BLDP) indicates that the trading volumes over the past 3 months, they’ve averaged 9.80 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 20.48% of the company’s shares. The stock has fallen by -25.30% 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.
