Ballard Power Systems Inc (NASDAQ:BLDP) price on Wednesday, May 21, fall -5.76% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.31.
A look at the stock’s price movement, the close in the last trading session was $1.39, moving within a range at $1.3 and $1.3878. The beta value (5-Year monthly) was 1.741. Turning to its 52-week performance, $3.22 and $1.00 were the 52-week high and 52-week low respectively. Overall, BLDP moved 16.96% over the past month.
Ballard Power Systems Inc’s market cap currently stands at around $392.78 million, with investors looking forward to this quarter’s earnings report slated for on 2025-May-05.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BLDP is a Hold. On the other hand, the stock is on average a 50% 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 0.50% and 5.78% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.43, while 7-day volatility ratio is 6.16% and 6.01% in the 30-day chart. Further, Ballard Power Systems Inc (BLDP) has a beta value of 1.71, and an average true range (ATR) of 0.08. Analysts have given the company’s stock an average 52-week price target of $1.275, forecast between a low of $1 and high of $2. Looking at the price targets, the low is 23.66% off current price level while to achieve the yearly target high, price needs to move -52.67%. Nonetheless, investors will most likely welcome a 2.67% jump to $1.275 which is the analysts’ median price.
If we refocus on Ballard Power Systems Inc (NASDAQ:BLDP), historical trading data shows that trading volumes averaged 8.92 over the past 10 days and 8.66 million over the past 3 months. The company’s latest data on shares outstanding shows there are 299.83 million shares.
The 15.60% of Ballard Power Systems Inc’s shares are in the hands of company insiders while institutional holders own 20.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 17.09 million on 2025-04-30, giving us a short ratio of 1.98. Current price change has pushed the stock -21.08% 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.
