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 $0.86 in the last session, up 1.19% from day before closing price of $0.85. In other words, the price has increased by $1.19 from its previous closing price. On the day, 78.46 million shares were traded.
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 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:
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 0.45.
Stock Price History:
Over the past 52 weeks, PLUG has reached a high of $4.90, while it has fallen to a 52-week low of $0.76. The 50-Day Moving Average of the stock is -31.07%, while the 200-Day Moving Average is calculated to be -54.85%.
Shares Statistics:
A total of 1.02B shares are outstanding, with a floating share count of 956.02M. Insiders hold about 6.54% of the company’s shares, while institutions hold 46.52% stake in the company.
