Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The closing price of Plug Power Inc (NASDAQ: PLUG) was $2.95 for the day, down -6.35% from the previous closing price of $3.15. In other words, the price has decreased by -$6.35 from its previous closing price. On the day, 97.85 million shares were traded. PLUG stock price reached its highest trading level at $3.32 during the session, while it also had its lowest trading level at $2.94.
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 0.95 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.23.
On April 05, 2024, Citigroup Downgraded its rating to Sell which previously was Neutral but kept the price unchanged to $2.
On February 06, 2024, Redburn Atlantic started tracking the stock assigning a Neutral rating and target price of $4.50.Redburn Atlantic initiated its Neutral rating on February 06, 2024, with a $4.50 target price.
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 2688031232 and an Enterprise Value of 3522715904. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.08 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 5.341 whereas that against EBITDA is -3.564.
Stock Price History:
Over the past 52 weeks, PLUG has reached a high of $5.14, while it has fallen to a 52-week low of $1.60. The 50-Day Moving Average of the stock is 31.08%, while the 200-Day Moving Average is calculated to be 20.07%.
Shares Statistics:
PLUG traded an average of 59.42M shares per day over the past three months and 67975890 shares per day over the past ten days. A total of 880.45M shares are outstanding, with a floating share count of 849.52M. Insiders hold about 6.77% of the company’s shares, while institutions hold 51.02% stake in the company. Shares short for PLUG as of 1734048000 were 212686488 with a Short Ratio of 3.58, compared to 1731628800 on 216188653. Therefore, it implies a Short% of Shares Outstanding of 212686488 and a Short% of Float of 23.43.
