Daily Market Movement: Plug Power Inc (PLUG) Sees a -0.65 Decrease, Closing at 1.53

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The closing price of Plug Power Inc (NASDAQ: PLUG) was $1.53 for the day, down -0.65% from the previous closing price of $1.54. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 44.53 million shares were traded. PLUG stock price reached its highest trading level at $1.63 during the session, while it also had its lowest trading level at $1.53.

Ratios:

Our analysis of PLUG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.06 and its Current Ratio is at 1.97. In the meantime, Its Debt-to-Equity ratio is 0.62 whereas as Long-Term Debt/Eq ratio is at 0.49.

Citigroup Downgraded its Neutral to Sell on April 05, 2024, while the target price for the stock was maintained at $2.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 01 ’24 when MCNAMEE GEORGE C sold 10,000 shares for $2.09 per share. The transaction valued at 20,916 led to the insider holds 684,782 shares of the business.

MSSB C/FGEORGE C MCNAMEEIRA RO bought 10,000 shares of PLUG for $19,600 on Nov 01 ’24. On Aug 01 ’24, another insider, MCNAMEE GEORGE C, who serves as the Director of the company, sold 10,000 shares for $2.37 each. As a result, the insider received 23,719 and left with 683,444 shares of the company.

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 1486667392 and an Enterprise Value of 2362084352. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.36 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 3.756 whereas that against EBITDA is -2.289.

Stock Price History:

The Beta on a monthly basis for PLUG is 2.04, which has changed by -0.5539359 over the last 52 weeks, in comparison to a change of 0.10063088 over the same period for the S&P500. Over the past 52 weeks, PLUG has reached a high of $4.90, while it has fallen to a 52-week low of $1.37. The 50-Day Moving Average of the stock is -16.76%, while the 200-Day Moving Average is calculated to be -29.52%.

Shares Statistics:

PLUG traded an average of 66.25M shares per day over the past three months and 59174380 shares per day over the past ten days. A total of 913.90M shares are outstanding, with a floating share count of 907.54M. Insiders hold about 6.60% of the company’s shares, while institutions hold 48.25% stake in the company. Shares short for PLUG as of 1741910400 were 282337541 with a Short Ratio of 4.26, compared to 1739491200 on 286404448. Therefore, it implies a Short% of Shares Outstanding of 282337541 and a Short% of Float of 30.629998000000004.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.0

Earnings Estimates

Its stock is currently analyzed by 12.0 different market analysts. The consensus estimate for the next quarter is -$0.17, with high estimates of -$0.13 and low estimates of -$0.25.

Analysts are recommending an EPS of between -$0.42 and -$0.85 for the fiscal current year, implying an average EPS of -$0.62. EPS for the following year is -$0.34, with 13.0 analysts recommending between $0.2 and -$0.59.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 13 analysts. It ranges from a high estimate of $139.27M to a low estimate of $126.64M. As of the current estimate, Plug Power Inc’s year-ago sales were $120.26MFor the next quarter, 13 analysts are estimating revenue of $159.47M. There is a high estimate of $196.21M for the next quarter, whereas the lowest estimate is $132M.

A total of 20 analysts have provided revenue estimates for PLUG’s current fiscal year. The highest revenue estimate was $825.34M, while the lowest revenue estimate was $655M, resulting in an average revenue estimate of $739.75M. In the same quarter a year ago, actual revenue was $628.81MBased on 26 analysts’ estimates, the company’s revenue will be $1.04B in the next fiscal year. The high estimate is $3.15B and the low estimate is $710.1M.

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