Closing Strong: Plug Power Inc (PLUG) Ends at 2.41, Down -4.93 from Last Close

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After finishing at $2.54 in the prior trading day, Plug Power Inc (NASDAQ: PLUG) closed at $2.41, down -4.93%. In other words, the price has decreased by -$4.93 from its previous closing price. On the day, 44.38 million shares were traded. PLUG stock price reached its highest trading level at $2.555 during the session, while it also had its lowest trading level at $2.4.

Ratios:

Our goal is to gain a better understanding of PLUG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.94. In the meantime, Its Debt-to-Equity ratio is 0.32 whereas as Long-Term Debt/Eq ratio is at 0.27.

On February 06, 2024, Redburn Atlantic started tracking the stock assigning a Neutral rating and target price of $4.50.

UBS Downgraded its Buy to Neutral on February 06, 2024, while the target price for the stock was maintained at $4.75.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 10 ’24 when MCNAMEE GEORGE C sold 10,000 shares for $2.56 per share. The transaction valued at 25,576 led to the insider holds 639,572 shares of the business.

Crespo Jose Luis sold 31,958 shares of PLUG for $230,098 on Oct 02 ’23. The GM, MATL Handling, Key Accts now owns 250,609 shares after completing the transaction at $7.20 per share.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLUG now has a Market Capitalization of 1789567232 and an Enterprise Value of 2566825472. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.23 while its Price-to-Book (P/B) ratio in mrq is 0.56. Its current Enterprise Value per Revenue stands at 3.203 whereas that against EBITDA is -2.495.

Stock Price History:

Over the past 52 weeks, PLUG has reached a high of $13.44, while it has fallen to a 52-week low of $2.25. The 50-Day Moving Average of the stock is -16.03%, while the 200-Day Moving Average is calculated to be -44.94%.

Shares Statistics:

The stock has traded on average 32.78M shares per day over the past 3-months and 26212350 shares per day over the last 10 days, according to various share statistics. A total of 742.56M shares are outstanding, with a floating share count of 682.05M. Insiders hold about 8.15% of the company’s shares, while institutions hold 41.75% stake in the company. Shares short for PLUG as of 1715731200 were 192280079 with a Short Ratio of 5.65, compared to 1713139200 on 185356275. Therefore, it implies a Short% of Shares Outstanding of 192280079 and a Short% of Float of 26.009999999999998.

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