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.
Plug Power Inc (NASDAQ: PLUG) closed the day trading at $2.44 down -10.95% from the previous closing price of $2.74. In other words, the price has decreased by -$10.95 from its previous closing price. On the day, 95.49 million shares were traded. PLUG stock price reached its highest trading level at $2.7688 during the session, while it also had its lowest trading level at $2.4.
Ratios:
For a better understanding of PLUG, let’s look at its different ratios. 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:
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 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 2223320832 and an Enterprise Value of 3058005504. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.37 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at 4.637 whereas that against EBITDA is -3.094.
Stock Price History:
The Beta on a monthly basis for PLUG is 1.81, which has changed by -0.14084506 over the last 52 weeks, in comparison to a change of 0.23631513 over the same period for the S&P500. 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 4.96%, while the 200-Day Moving Average is calculated to be 0.25%.
Shares Statistics:
Over the past 3-months, PLUG traded about 64.26M shares per day on average, while over the past 10 days, PLUG traded about 85151250 shares per day. A total of 880.45M shares are outstanding, with a floating share count of 849.44M. Insiders hold about 6.78% of the company’s shares, while institutions hold 50.96% stake in the company. Shares short for PLUG as of 1735603200 were 204871134 with a Short Ratio of 3.19, compared to 1732838400 on 195294227. Therefore, it implies a Short% of Shares Outstanding of 204871134 and a Short% of Float of 22.569999.
