Ballard Power Systems Inc. (NASDAQ: BLDP) stock fell -1.09% on Monday to $3.62 against a previous-day closing price of $3.66. With 1.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.16 million shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $3.6900 whereas the lowest price it dropped to was $3.5900. The 52-week range on BLDP shows that it touched its highest point at $7.10 and its lowest point at $3.12 during that stretch. It currently has a 1-year price target of $5.46. Beta for the stock currently stands at 1.89.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BLDP was up-trending over the past week, with a rise of 10.70%, but this was up by 8.71% over a month. Three-month performance dropped to -11.27% while six-month performance fell -23.31%. The stock lost -41.61% in the past year, while it has lost -24.43% so far this year. A look at the trailing 12-month EPS for BLDP yields -0.54 with Next year EPS estimates of -0.50. For the next quarter, that number is -0.13. This implies an EPS growth rate of 9.10% for this year and 5.44% for next year. EPS is expected to grow by 0.03% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -63.38%.
Float and Shares Shorts:
At present, 298.39 million BLDP shares are outstanding with a float of 241.62 million shares on hand for trading. On Oct 30, 2023, short shares totaled 24.55 million, which was 8.22% higher than short shares on Sep 28, 2023. In addition to Mr. R. Randall MacEwen as the firm’s CEO, President & Non-Independent Director, Mr. Paul Dobson serves as its Senior VP & CFO.
Institutional Ownership:
Other institutions hold 23.81% of BLDP, in contrast to 2.00% held by mutual funds. As the largest shareholder in BLDP with 2.19% of the stake, The Vanguard Group, Inc. holds 6,547,963 shares worth 6,547,963. A second-largest stockholder of BLDP, Legal & General Investment Manage, holds 5,807,439 shares, controlling over 1.94% of the firm’s shares. Citadel Advisors LLC is the third largest shareholder in BLDP, holding 5,061,413 shares or 1.69% stake. With a 1.83% stake in BLDP, the L&G Hydrogen Economy UCITS ETF is the largest stakeholder. A total of 5,471,232 shares are owned by the mutual fund manager. The Government Pension Fund – Global, which owns about 1.26% of BLDP stock, is the second-largest Mutual Fund holder. It holds 3,754,152 shares valued at 12.5 million. Robeco Capital Gr. Fds. – RobecoS holds 1.21% of the stake in BLDP, owning 3,601,000 shares worth 11.99 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BLDP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BLDP analysts setting a high price target of $15.00 and a low target of $3.00, the average target price over the next 12 months is $5.46. Based on these targets, BLDP could surge 314.36% to reach the target high and fall by -17.13% to reach the target low. Reaching the average price target will result in a growth of 50.83% from current levels.
