Raymond James slashes price target on Ballard Power Systems Inc. [BLDP] – find out why.

Ballard Power Systems Inc. [NASDAQ: BLDP] closed the trading session at $34.36 on 01/12/21. The day’s price range saw the stock hit a low of $31.12, while the highest price level was $34.646.

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The stocks have a year to date performance of 46.84 percent and weekly performance of 48.87 percent. The stock has been moved at 77.30 percent over the last six months. The stock has performed 74.77 percent around the most recent 30 days and changed 85.98 percent over the most recent 3-months.

If compared to the average trading volume of 4.84M shares, BLDP reached to a volume of 17778358 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Ballard Power Systems Inc. [BLDP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLDP shares is $24.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLDP stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Raymond James have made an estimate for Ballard Power Systems Inc. shares, keeping their opinion on the stock as Strong Buy, with their previous recommendation back on January 11, 2021. The new note on the price target was released on November 10, 2020, representing the official price target for Ballard Power Systems Inc. stock. Previously, the target price had yet another raise to $22, while Bernstein analysts kept a Outperform rating on BLDP stock.

The Average True Range (ATR) for Ballard Power Systems Inc. is set at 1.91, with the Price to Sales ratio for BLDP stock in the period of the last 12 months amounting to 80.50. The Price to Book ratio for the last quarter was 17.09, with the Price to Cash per share for the same quarter was set at 1.32.

BLDP stock trade performance evaluation

Ballard Power Systems Inc. [BLDP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 48.87. With this latest performance, BLDP shares gained by 74.77% in over the last four-week period, additionally plugging by 77.30% over the last 6 months – not to mention a rise of 250.25% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BLDP stock in for the last two-week period is set at 83.90, with the RSI for the last a single of trading hit 89.12, and the three-weeks RSI is set at 79.51 for Ballard Power Systems Inc. [BLDP]. The present Moving Average for the last 50 days of trading for this stock 20.26, while it was recorded at 28.92 for the last single week of trading, and 15.52 for the last 200 days.

Ballard Power Systems Inc. [BLDP]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Ballard Power Systems Inc. [BLDP] shares currently have an operating margin of -26.38 and a Gross Margin at +20.49. Ballard Power Systems Inc.’s Net Margin is presently recorded at -36.73.

Return on Total Capital for BLDP is now -10.01, given the latest momentum, and Return on Invested Capital for the company is -14.01. Return on Equity for this stock declined to -14.59, with Return on Assets sitting at -11.34. When it comes to the capital structure of this company, Ballard Power Systems Inc. [BLDP] has a Total Debt to Total Equity ratio set at 7.89. Additionally, BLDP Total Debt to Total Capital is recorded at 7.31, with Total Debt to Total Assets ending up at 5.80. Long-Term Debt to Equity for the company is recorded at 6.92, with the Long-Term Debt to Total Capital now at 6.41.

Reflecting on the efficiency of the workforce at the company, Ballard Power Systems Inc. [BLDP] managed to generate an average of -$84,943 per employee. Receivables Turnover for the company is 2.42 with a Total Asset Turnover recorded at a value of 0.31.Ballard Power Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.40 and a Current Ratio set at 9.10.

Earnings per share (EPS) analysis for Ballard Power Systems Inc. [BLDP] stock

With the latest financial reports released by the company, Ballard Power Systems Inc. posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BLDP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ballard Power Systems Inc. go to 0.03%.

Ballard Power Systems Inc. [BLDP]: Insider Ownership positions

There are presently around $1,490 million, or 16.40% of BLDP stock, in the hands of institutional investors. The top three institutional holders of BLDP stocks are: FIL LTD with ownership of 9,881,755, which is approximately New of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 5,547,453 shares of the stock with an approximate value of $160.65 million in BLDP stocks shares; and MIROVA, currently with $74.92 million in BLDP stock with ownership of nearly New of the company’s market capitalization.

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Positions in Ballard Power Systems Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 106 institutional holders increased their position in Ballard Power Systems Inc. [NASDAQ:BLDP] by around 34,088,747 shares. Additionally, 55 investors decreased positions by around 3,057,632 shares, while 32 investors held positions by with 14,288,932 shares. The mentioned changes placed institutional holdings at 51,435,311 shares, according to the latest SEC report filing. BLDP stock had 50 new institutional investments in for a total of 20,795,078 shares, while 24 institutional investors sold positions of 1,749,339 shares during the same period.

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