Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Plug Power Inc (NASDAQ: PLUG) closed at $2.41 in the last session, up 1.26% from day before closing price of $2.38. In other words, the price has increased by $1.26 from its previous closing price. On the day, 16.55 million shares were traded. PLUG stock price reached its highest trading level at $2.44 during the session, while it also had its lowest trading level at $2.38.
Ratios:
We take a closer look at PLUG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.86 and its Current Ratio is at 1.85. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.28.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Oct 02 ’23 when Crespo Jose Luis sold 31,958 shares for $7.20 per share. The transaction valued at 230,098 led to the insider holds 250,609 shares of the business.
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 1649054592 and an Enterprise Value of 2482871808. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 2.786 whereas that against EBITDA is -2.552.
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 -26.90%, while the 200-Day Moving Average is calculated to be -58.58%.
Shares Statistics:
According to the various share statistics, PLUG traded on average about 36.60M shares per day over the past 3-months and 26363400 shares per day over the past 10 days. A total of 684.25M shares are outstanding, with a floating share count of 624.05M. Insiders hold about 8.80% of the company’s shares, while institutions hold 45.04% stake in the company. Shares short for PLUG as of 1713139200 were 185356275 with a Short Ratio of 5.06, compared to 1710460800 on 172194529. Therefore, it implies a Short% of Shares Outstanding of 185356275 and a Short% of Float of 27.279999999999998.
