The price of Ballard Power Systems Inc. (NASDAQ:BLDP) shares last traded on Wall Street fell -4.17% to $4.60.
Based on available information, 25 analysts follow Ballard Power Systems Inc. (NASDAQ:BLDP). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $3.00, we find $5.00. Given the previous closing price of $4.80, this indicates a potential upside of 4.17 percent. BLDP stock price is now 2.09% away from the 50-day moving average and -11.38% away from the 200-day moving average. The market capitalization of the company currently stands at $1.37B.
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Among analysts, 18 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $6.11 as their price target over the next twelve months.
A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BLDP stock. A new stake in Ballard Power Systems Inc. shares was purchased by ALBERTA INVESTMENT MANAGEMENT CORP during the first quarter worth $1,883,000. CAPITAL FUND MANAGEMENT S.A. invested $767,000 in shares of BLDP during the first quarter. In the first quarter, BAYESIAN CAPITAL MANAGEMENT, LP acquired a new stake in Ballard Power Systems Inc. valued at approximately $317,000. VIRTU FINANCIAL LLC acquired a new stake in BLDP for approximately $310,000. MANATUCK HILL PARTNERS, LLC purchased a new stake in BLDP valued at around $191,000 in the second quarter. In total, there are 337 active investors with 16.40% ownership of the company’s stock.
A candlestick chart of Ballard Power Systems Inc. (NASDAQ: BLDP) showed a price of $4.7200 on Thursday morning. During the past 12 months, Ballard Power Systems Inc. has had a low of $3.97 and a high of $9.25. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 14.20, and a quick ratio of 13.30. The fifty day moving average price for BLDP is $4.5124 and a two-hundred day moving average price translates $5.1851 for the stock.
The latest earnings results from Ballard Power Systems Inc. (NASDAQ: BLDP) was released for Mar, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at -$0.1, beating analysts’ expectations of -$0.13 by 0.03. This compares to -$0.19 EPS in the same period last year. The company reported revenue of $15.31 million for the quarter, compared to $20.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.87 percent. For the current quarter, analysts expect BLDP to generate $25.92M in revenue.
