Ballard Power Systems Inc. [BLDP] stock Downgrade by BMO Capital Markets analyst, price target now $10

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Ballard Power Systems Inc. [NASDAQ: BLDP] slipped around -0.41 points on Wednesday, while shares priced at $9.96 at the close of the session, down -3.95%.

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Ballard Power Systems Inc. stock is now -20.70% down from its year-to-date (YTD) trading value. BLDP Stock saw the intraday high of $10.48 and lowest of $9.96 per share. The company’s 52-week high price is 23.13, which means current price is +19.86% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 4.91M shares, BLDP reached a trading volume of 3023198 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Ballard Power Systems Inc. [BLDP]?

BMO Capital Markets have made an estimate for Ballard Power Systems Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on February 07, 2022. While these analysts kept the previous recommendation, Susquehanna raised their target price to Neutral. The new note on the price target was released on January 26, 2022, representing the official price target for Ballard Power Systems Inc. stock. Previously, the target price had yet another drop from $18 to $13, while Truist kept a Hold rating on BLDP stock.

The Average True Range (ATR) for Ballard Power Systems Inc. is set at 0.64, with the Price to Sales ratio for BLDP stock in the period of the last 12 months amounting to 29.19. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 3.68.

How has BLDP stock performed recently?

Ballard Power Systems Inc. [BLDP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.05. With this latest performance, BLDP shares dropped by -13.09% in over the last four-week period, additionally sinking by -40.22% over the last 6 months – not to mention a drop of -50.37% 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 40.53, with the RSI for the last a single of trading hit 36.00, and the three-weeks RSI is set at 43.33 for Ballard Power Systems Inc. [BLDP]. The present Moving Average for the last 50 days of trading for this stock 10.73, while it was recorded at 10.18 for the last single week of trading, and 13.64 for the last 200 days.

Ballard Power Systems Inc. [BLDP]: Deeper insight into the 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 -81.64 and a Gross Margin at +10.42. Ballard Power Systems Inc.’s Net Margin is presently recorded at -109.47.

Return on Equity for this stock declined to -10.15, with Return on Assets sitting at -9.36.

Ballard Power Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 14.20 and a Current Ratio set at 14.80.

Earnings analysis for Ballard Power Systems Inc. [BLDP]

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%.

Insider trade positions for Ballard Power Systems Inc. [BLDP]

There are presently around $926 million, or 16.40% of BLDP stock, in the hands of institutional investors. The top three institutional holders of BLDP stocks are: PUBLIC INVESTMENT FUND with ownership of 9,709,900, which is approximately 0% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 8,020,609 shares of the stock with an approximate value of $83.17 million in BLDP stocks shares; and BLACKROCK INC., currently with $80.41 million in BLDP stock with ownership of nearly 34.052% of the company’s market capitalization.

Positions in Ballard Power Systems Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 120 institutional holders increased their position in Ballard Power Systems Inc. [NASDAQ:BLDP] by around 13,587,580 shares. Additionally, 97 investors decreased positions by around 8,454,732 shares, while 57 investors held positions by with 67,218,418 shares. The mentioned changes placed institutional holdings at 89,260,730 shares, according to the latest SEC report filing. BLDP stock had 33 new institutional investments in for a total of 2,794,251 shares, while 34 institutional investors sold positions of 3,754,482 shares during the same period.