Ballard Power Systems Inc (NASDAQ:BLDP) shares, rose in value on Wednesday, March 26, with the stock price down by -3.91% to the previous day’s close as strong demand from buyers drove the stock to $1.23.
Actively observing the price movement in the last trading, the stock closed the session at $1.28, falling within a range of $1.22 and $1.28. The value of beta (5-year monthly) was 1.537. 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 -6.82% over the past month.
With the market capitalization of Ballard Power Systems Inc currently standing at about $368.58 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 97.26M, with a low estimate of 11.8M and a high estimate of 20.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 16.82M.
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 -2.94% and -9.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.90, while the 7-day volatility ratio is showing 4.53% which for the 30-day chart, stands at 7.14%. Furthermore, Ballard Power Systems Inc (BLDP)’s beta value is 1.82, and its average true range (ATR) is 0.08.
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 -3.91% in last session, and over the past year, it shrunk by -55.60%%.
Data on historical trading for Ballard Power Systems Inc (NASDAQ:BLDP) indicates that the trading volumes over the past 10 days have averaged 7.09 and over the past 3 months, they’ve averaged 9.71 million. According to company’s latest data on outstanding shares, there are 299.44 million shares outstanding.
Nearly 17.98% of Ballard Power Systems Inc’s shares belong to company insiders and institutional investors own 20.43% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.84 million shares as on 2025-03-14, resulting in a short ratio of 1.74. The stock has fallen by -25.90% 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.
