Meanwhile, HSBC Securities downgraded its Ballard Power Systems Inc [BLDP] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Securities’s analysts, who decreased its forecast for the stock in mid August from “a Hold” to “a Sell”. HSBC Securities also remained covering BLDP and has increased its forecast on October 24, 2023 with a “Buy” recommendation from previously “Hold” rating. HSBC Securities started covering the stock on September 25, 2023. It rated BLDP as “a Hold”.
Price Performance Review of BLDP
On Tuesday, Ballard Power Systems Inc [NASDAQ:BLDP] saw its stock jump 0.51% to $1.99. Over the last five days, the stock has gained 19.16%. Ballard Power Systems Inc shares have risen nearly 19.88% since the year began. Nevertheless, the stocks have fallen -43.14% over the past one year. While a 52-week high of $3.70 was reached on 01/07/25, a 52-week low of $1.23 was recorded on 01/02/25. SMA at 50 days reached $1.5486, while 200 days put it at $2.1418.
Levels Of Support And Resistance For BLDP Stock
The 24-hour chart illustrates a support level at 1.9400, which if violated will result in even more drops to 1.8900. On the upside, there is a resistance level at 2.0600. A further resistance level may holdings at 2.1300. The Relative Strength Index (RSI) on the 14-day chart is 74.12, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.2433, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.25%. Stochastics %K at 89.27% indicates the stock is a selling.
How much short interest is there in Ballard Power Systems Inc?
A steep rise in short interest was recorded in Ballard Power Systems Inc stocks on 2024-12-13, dropping by -0.74 million shares to a total of 12.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 13.41 million shares. There was a decline of -5.81%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 05, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating .
