Ballard Power Systems Inc. [BLDP] Stock trading around $9.17 per share: What’s Next?

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Ballard Power Systems Inc. [NASDAQ: BLDP] surged by $0.53 during the normal trading session on Wednesday and reaching a high of $9.18 during the day while it closed the day at $9.17. The company report on April 21, 2022 that Ballard Announces Q1 2022 Results Conference Call.

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Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) will hold a conference call on Monday, May 9th, 2022 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2022 operating results.

The live call can be accessed by dialing +1-604-638-5340. Alternatively, a live webcast can be accessed through a link on Ballard’s homepage (www.ballard.com). Following the call, the webcast will be archived in the ‘Earnings, Interviews & Presentations’ area of the ‘Investors’ section of Ballard’s website (www.ballard.com/investors).

Ballard Power Systems Inc. stock has also gained 10.35% of its value over the past 7 days. However, BLDP stock has declined by -8.85% in the 3 months of the year. Over the past six months meanwhile, it has lost -49.95% and lost -26.99% year-on date.

The market cap for BLDP stock reached $2.77 billion, with 297.68 million shares outstanding and 241.19 million shares in the current float. Compared to the average trading volume of 4.53M shares, BLDP reached a trading volume of 6183812 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]:

Truist have made an estimate for Ballard Power Systems Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 02, 2022. While these analysts kept the previous recommendation, BMO Capital Markets dropped their target price from $23 to $10. The new note on the price target was released on February 07, 2022, representing the official price target for Ballard Power Systems Inc. stock. Previously, the target price had yet another raise to $10, while Susquehanna analysts kept a Neutral rating on BLDP stock. On January 24, 2022, analysts decreased their price target for BLDP shares from 18 to 13.

The Average True Range (ATR) for Ballard Power Systems Inc. is set at 0.61, with the Price to Sales ratio for BLDP stock in the period of the last 12 months amounting to 26.55. The Price to Book ratio for the last quarter was 2.06, with the Price to Cash per share for the same quarter was set at 3.72.

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 10.35. With this latest performance, BLDP shares dropped by -26.05% in over the last four-week period, additionally sinking by -49.95% over the last 6 months – not to mention a drop of -41.18% 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 43.60, with the RSI for the last a single of trading hit 46.90, and the three-weeks RSI is set at 43.60 for Ballard Power Systems Inc. [BLDP]. The present Moving Average for the last 50 days of trading for this stock 10.54, while it was recorded at 8.61 for the last single week of trading, and 13.28 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 -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 per share (EPS) analysis for Ballard Power Systems Inc. [BLDP] stock

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 $772 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 $69.3 million in BLDP stocks shares; and BLACKROCK INC., currently with $66.99 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 125 institutional holders increased their position in Ballard Power Systems Inc. [NASDAQ:BLDP] by around 12,222,646 shares. Additionally, 95 investors decreased positions by around 8,070,058 shares, while 53 investors held positions by with 69,099,743 shares. The mentioned changes placed institutional holdings at 89,392,447 shares, according to the latest SEC report filing. BLDP stock had 31 new institutional investments in for a total of 2,617,391 shares, while 35 institutional investors sold positions of 3,837,008 shares during the same period.