Ballard Power Systems Inc (NASDAQ:BLDP) shares, rose in value on Wednesday, June 18, with the stock price up by 1.91% to the previous day’s close as strong demand from buyers drove the stock to $1.60.
Actively observing the price movement in the last trading, the stock closed the session at $1.57, falling within a range of $1.5401 and $1.6199. The value of beta (5-year monthly) was 1.664. Referring to stock’s 52-week performance, its high was $2.82, and the low was $1.00. On the whole, BLDP has fluctuated by 12.68% over the past month.
With the market capitalization of Ballard Power Systems Inc currently standing at about $479.73 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 92.6M, with a low estimate of 12.9M and a high estimate of 23.76M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 17.94M.
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% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of BLDP currently trading nearly 8.00% and 19.39% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.53, while the 7-day volatility ratio is showing 9.14% which for the 30-day chart, stands at 5.53%. Furthermore, Ballard Power Systems Inc (BLDP)’s beta value is 1.66, and its average true range (ATR) is 0.11.
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 1.91% in last session, and over the past year, it shrunk by -37.98%%.
Data on historical trading for Ballard Power Systems Inc (NASDAQ:BLDP) indicates that the trading volumes over the past 10 days have averaged 11.91 and over the past 3 months, they’ve averaged 8.85 million. According to company’s latest data on outstanding shares, there are 299.83 million shares outstanding.
Nearly 16.71% of Ballard Power Systems Inc’s shares belong to company insiders and institutional investors own 20.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.48 million shares as on 2025-05-30, resulting in a short ratio of 2.9. The stock has fallen by -3.61% 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.
