Ballard Power Systems Inc. [NASDAQ: BLDP] stock went on a downward path that fall over -4.66% on Monday, amounting to a one-week price decrease of less than -4.66%.
Over the last 12 months, BLDP stock dropped by -60.00%. The one-year Ballard Power Systems Inc. stock forecast points to a potential upside of 49.17. The average equity rating for BLDP stock is currently 3.25, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $550.88 million, with 298.94 million shares outstanding and 245.57 million shares in the current float. Compared to the average trading volume of 2.46M shares, BLDP stock reached a trading volume of 6448767 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $3.62 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 3.25. 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.
TD Securities have made an estimate for Ballard Power Systems Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on August 12, 2024. The new note on the price target was released on October 24, 2023, representing the official price target for Ballard Power Systems Inc. stock. Previously, the target price had yet another raise to $4.50, while HSBC Securities analysts kept a Hold rating on BLDP stock.
The Average True Range (ATR) for Ballard Power Systems Inc. is set at 0.12, with the Price to Sales ratio for BLDP stock in the period of the last 12 months amounting to 5.32. The Price to Book ratio for the last quarter was 0.58, with the Price to Cash per share for the same quarter was set at 2.41.
BLDP Stock Performance Analysis:
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 -4.66. With this latest performance, BLDP shares dropped by -31.09% in over the last four-week period, additionally sinking by -43.03% over the last 6 months – not to mention a drop of -60.00% 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 29.76, with the RSI for the last a single of trading hit 26.13, and the three-weeks RSI is set at 32.75 for Ballard Power Systems Inc. [BLDP]. The present Moving Average for the last 50 days of trading for this stock 2.4096, while it was recorded at 1.9160 for the last single week of trading, and 3.0122 for the last 200 days.
Insight into Ballard Power Systems Inc. Fundamentals:
Ballard Power Systems Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.88 and a Current Ratio set at 11.66.
Ballard Power Systems Inc. [BLDP] Institutonal Ownership Details
The top three institutional holders of BLDP stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BLDP stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BLDP stock with ownership which is approximately 5.1238%.
