Nothing is Better Than Ballard Power Systems Inc. (BLDP) stock at the moment

With 1.95 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.72 shares. During the session, the Specialty Industrial Machinery company that operates in wider Industrials sector, reached to the highest price of $3.2600 whereas the lowest price it dropped to was $3.1300. The 52-week range on BLDP shows that it touched its highest point at $6.62 and its lowest point at $2.91 during that stretch. It currently has a 1-year price target of $5.01. Beta for the stock currently stands at 1.69.

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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 down-trending over the past week, with a drop of -1.22%, but this was down by -7.18% over a month. Three-month performance dropped to -5.00% while six-month performance fell -29.78%. The stock lost -49.37% in the past year, while it has lost -12.70% 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 4.05% for this year and 10.87% 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 241.66 million shares on hand for trading. On Jan 31, 2024, short shares totaled 23.35 million, which was 7.82% higher than short shares on Dec 29, 2023. In addition to Mr. R. Randall MacEwen BA, LLB as the firm’s CEO, President & Non-Independent Director, Mr. Paul Dobson serves as its Senior VP & CFO.

Institutional Ownership:

Through their ownership of 34.67% of BLDP’s outstanding shares, institutional investors have minority control over the company.

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 $5.01. Based on these targets, BLDP could surge 364.4% to reach the target high and fall by -7.12% to reach the target low. Reaching the average price target will result in a growth of 55.11% from current levels.