The Vanguard Group, Inc. has recently announced that it has increased stake in Ballard Power Systems Inc. (NASDAQ:BLDP) by 1.26%. After grabbing 6.47 million shares, the institutional investor is now in possession of 80612.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 2.17% having worth around $30.52 million. Moreover, Legal & General Investment Manage increased its share by 5.68 million to have a control over 5.84 million shares. And Norges Bank Investment Management raised its holdings to 0.86 million shares by acquiring 3.75 million shares or 1.26% of the stake.
Ballard Power Systems Inc. (BLDP) concluded trading on 09/14/23 at a closing price of $4.31, with 4.08 million shares of worth about $17.6 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.31% during that period and on Thursday the price saw a gain of about 7.75%. Currently the company’s common shares owned by public are about 298.68M shares, out of which, 252.20M shares are available for trading.
L&G Hydrogen Economy UCITS ETF, iShares II Plc – Global Clean Ene, and Government Pension Fund – Global are the top 3 mutual funds which are holding stakes in Ballard Power Systems Inc. L&G Hydrogen Economy UCITS ETF is currently holding 5.62 million shares of worth totaling $26.53 million. The company recently came buying 0.0 shares which brought its stake up to 1.88% of the company’s outstanding shares. Government Pension Fund – Global, after buying 3.75 million shares, have now control over 1.26% of the stake in the company. It holds 1.63 million shares of worth $17.72 million.
Ballard Power Systems Inc. (NASDAQ: BLDP) started trading at $4.03, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 4.3350, or with a gain of 7.75%. Stock saw a price change of 4.87% in past 5 days and over the past one month there was a price change of -2.05%. Year-to-date (YTD), BLDP shares are showing a performance of -10.02% which decreased to -43.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.90 but also hit the highest price of $7.69 during that period. The average intraday trading volume for Ballard Power Systems Inc. shares is 2.87 million. The stock is currently trading 4.06% above its 20-day simple moving average (SMA20), while that difference is down -2.00% for SMA50 and it goes to -13.87% lower than SMA200.
The Vanguard Group, Inc. acquired 6.47 million shares of Ballard Power Systems Inc. having value of about $30.52 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 80612.0 shares in the company valued at close to $347437.72, or have control over 1.26% stake in the company. Ballard Power Systems Inc. (NASDAQ: BLDP) currently have 298.68M outstanding shares and institutions hold larger chunk of about 16.40% of that. Holding of mutual funds in the company is about 1.14% while other institutional holders and individual stake holders have control over 24.76% and — of the stake respectively.
The stock has a current market capitalization of $1.31B and its 3Y-monthly beta is at 1.88. It has posted earnings per share of -$0.47 in the same period. It has Quick Ratio of 12.70 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BLDP, volatility over the week remained 4.45% while standing at 3.85% over the month.
Analysts are in expectations that Ballard Power Systems Inc. (BLDP) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.13 and it is -$0.51 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.15 which is -$0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -50.20% while it is estimated to decrease by -8.50% in next year. EPS is likely to grow at an annualized rate of 0.03% for next 5-years, compared to annual growth of -66.40% made by the stock over the past 5-years.