Stick With Ballard Power Systems Inc. (BLDP). The Bull Are Alive And Well

Currently, there are 298.94M common shares owned by the public and among those 241.87M shares have been available to trade.

The company’s stock has a 5-day price change of 18.05% and -13.95% over the past three months. BLDP shares are trading -11.62% year to date (YTD), with the 12-month market performance down to -39.44% lower. It has a 12-month low price of $2.66 and touched a high of $5.68 over the same period. BLDP has an average intraday trading volume of 2.87 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.92%, 6.23%, and -12.17% respectively.

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Institutional ownership of Ballard Power Systems Inc. (NASDAQ: BLDP) shares accounts for 22.22% of the company’s 298.94M shares outstanding.

It has a market capitalization of $977.86M and a beta (3y monthly) value of 1.66. The earnings-per-share (ttm) stands at -$0.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.54% over the week and 5.22% over the month.

Analysts forecast that Ballard Power Systems Inc. (BLDP) will achieve an EPS of -$0.14 for the current quarter, -$0.13 for the next quarter and -$0.46 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.17 while analysts give the company a high EPS estimate of -$0.11. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 10.69%, and 8.20% over the next financial year. EPS should grow at an annualized rate of 0.03% over the next five years, compared to -32.26% over the past 5-year period.

Looking at the support for the BLDP, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on October 24, 2023, with the firm’s price target at $4.50. HSBC Securities coverage for the Ballard Power Systems Inc. (BLDP) stock in a research note released on September 25, 2023 offered a Hold rating with a price target of $4.50. Citigroup was of a view on July 05, 2023 that the stock is Neutral, while B. Riley Securities gave the stock Neutral rating on June 27, 2023, issuing a price target of $6- $5. BMO Capital Markets on their part issued Underperform rating on June 14, 2023.

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