Plug Power Inc (NASDAQ:PLUG) currently has a daily average trading volume of 44.67M but it saw 50509292 shares traded in last market. With a market cap of 1.75B USD, the company’s current market price of $1.92 remained unchanged while comparing to the previous closing price of $1.92. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.14 and as low as $1.60. In the recent trading on the day, stock has struck highest price mark of $1.875 while lowest mark touched by it was $2.01.
Taking a look at 20-day trading activity of Plug Power Inc (PLUG) gives us an average price of $2.0675, while its current price level is -62.65% below from 52-week high level whereas it is 20.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.0814 while that of 200 days or SMA-200 reads an average of $2.6637. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.54% during that period while stretching the period over a month that decreases to 9.14%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.00 which implies that the stock is in neutral territory.
Citigroup downgraded its recommendation for the stock as a “Sell” from “Neutral” on April 05, 2024 while assigning a price target of $2. Redburn Atlantic issued its recommendations for the stock as it initiated the price target for the stock is $4.50.
Over the week, PLUG’s stock price is moving -2.54% down while it is -13.51% when we observe its performance for the past one month. Year-to-date it is -57.33% down and over the past year, the stock is showing a downside performance of -50.39%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.64 beaten by the consensus estimate of -0.42 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.23 while estimate for next year EPS is -1.23. In next quarter, company is expected to be making quarterly sales of $179.25M as analysts are expecting the sales for current fiscal year at $716.02M and seeing the company making $973.49M in sales next year. Moreover, analysts are in estimates of $274.62M for current-quarter revenue.
Currently, Plug Power Inc’s total number of outstanding shares is 911.20M with 6.61% of that held by the insiders while 48.31% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -37.79% and return on equity (ROE) at -43.18%. Stock’s beta reads 1.74. Stock has a price to book (P/B) ratio of 0.56 while price to sale or P/S ratio amounts to 2.65. Its return on asset (ROA) is -27.74% on average.
