Ballard Power Systems Inc [NASDAQ: BLDP] traded at a high on Monday, posting a 6.79 gain after which it closed the day’ session at $1.73.
The results of the trading session contributed to over 7009024 shares changing hands. Over the past one week, the price volatility of Ballard Power Systems Inc stands at 6.20% while the volatility over the past one month is 5.16%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for BLDP stock reached $744.18 million, with 298.94 million shares outstanding and 245.65 million shares in the current float. Compared to the average trading volume of 2.93M shares, BLDP reached a trading volume of 7009024 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]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLDP shares is $2.64 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 3.30. 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 0.10, with the Price to Sales ratio for BLDP stock in the period of the last 12 months amounting to 7.14. The Price to Book ratio for the last quarter was 0.56, with the Price to Cash per share for the same quarter was set at 1.58.
How has BLDP stock performed recently?
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 2.98. With this latest performance, BLDP shares gained by 1.76% in over the last four-week period, additionally sinking by -38.87% over the last 6 months – not to mention a drop of -50.99% 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 54.95, with the RSI for the last a single of trading hit 60.29, and the three-weeks RSI is set at 51.48 for Ballard Power Systems Inc [BLDP]. The present Moving Average for the last 50 days of trading for this stock 1.7010, while it was recorded at 1.6240 for the last single week of trading, and 2.4817 for the last 200 days.
Ballard Power Systems Inc [BLDP]: Deeper insight into the fundamentals
Ballard Power Systems Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 10.05 and a Current Ratio set at 10.90.
Earnings analysis for Ballard Power Systems Inc [BLDP]
With the latest financial reports released by the company, Ballard Power Systems Inc posted -0.28/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.1. 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.
Insider trade positions for Ballard Power Systems Inc [BLDP]
There are presently around $29.45%, or 34.87%% of BLDP stock, in the hands of institutional investors. The top three institutional holders of BLDP stocks are: VANGUARD GROUP INC with ownership of 9.54 million shares, which is approximately 3.1912%. LEGAL & GENERAL GROUP PLC, holding 7.83 million shares of the stock with an approximate value of $$17.68 million in BLDP stocks shares; and LEGAL & GENERAL GROUP PLC, currently with $$15.86 million in BLDP stock with ownership which is approximately 2.3567%.