Ballard Power Systems Inc. (NASDAQ:BLDP) traded at $2.60 at close of the session on Friday, April 26, made an upward move of 5.26% on its previous day’s price.
Looking at the stock we see that its previous close was $2.47 . In terms of its 52-week price range, BLDP has a high of $5.68 and a low of $2.42. The company’s stock has lost about -6.47% over that past 30 days.
Ballard Power Systems Inc. has a market cap of $777.50 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.14, with the EPS growth for the year raised at -$0.53 for 2024 and -$0.49 for next year. These figures represent 10.20% and 7.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $16.66 million, with a low of $13.5 million and a high of $20 million. The median projection represents growth squeezing down to 24.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $114.89 million, or 12.20% up from figures reported last year.
On the other hand, looking at the outlook for the BLDP stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -10.47% off its SMA20 and -12.05% from its 50-day simple moving average. The RSI (14) is pointing at 39.55 while the volatility over the past week is 4.87% and jumps to 5.03% over the past one month. The beta value is 1.66, while the average true range (ATR) is currently pointing at 0.15.
Coming back to Ballard Power Systems Inc. (NASDAQ:BLDP), we note that the average 3-month trading volume was 3.00 million. Current shares outstanding are 298.94 million.
The insiders hold 19.10% of the company’s shares while institutions hold 22.18%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -29.73% down in year-to-date price movement.
