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The closing price of Plug Power Inc (NASDAQ: PLUG) was $3.34 for the day, up 4.05% from the previous closing price of $3.21. In other words, the price has increased by $4.05 from its previous closing price. On the day, 50.53 million shares were traded. PLUG stock price reached its highest trading level at $3.34 during the session, while it also had its lowest trading level at $3.08.
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 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:
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 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 2480146944 and an Enterprise Value of 3257405440. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.10 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 4.065 whereas that against EBITDA is -3.167.
Stock Price History:
The Beta on a monthly basis for PLUG is 1.84, which has changed by -0.7463933 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, PLUG has reached a high of $13.44, while it has fallen to a 52-week low of $2.21. The 50-Day Moving Average of the stock is 16.86%, while the 200-Day Moving Average is calculated to be -15.13%.
Shares Statistics:
PLUG traded an average of 36.85M shares per day over the past three months and 38126560 shares per day over the past ten days. A total of 742.56M shares are outstanding, with a floating share count of 681.97M. Insiders hold about 8.16% of the company’s shares, while institutions hold 41.94% stake in the company. Shares short for PLUG as of 1719532800 were 205179385 with a Short Ratio of 5.57, compared to 1717113600 on 185093609. Therefore, it implies a Short% of Shares Outstanding of 205179385 and a Short% of Float of 27.76.
