The closing price of Plug Power Inc (NASDAQ: PLUG) was $3.63 for the day, down -5.96% from the previous closing price of $3.86. In other words, the price has decreased by -$0.2300 from its previous closing price. On the day, 28121022 shares were traded.
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 0.86 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Redburn Atlantic on February 06, 2024, initiated with a Neutral rating and assigned the stock a target price of $4.50.
On February 06, 2024, UBS Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $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 Oct 02 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 2.49B and an Enterprise Value of 3.32B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.79 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 3.72 whereas that against EBITDA is -2.63.
Stock Price History:
Over the past 52 weeks, PLUG has reached a high of $14.28, while it has fallen to a 52-week low of $2.26. The 50-Day Moving Average of the stock is 3.9042, while the 200-Day Moving Average is calculated to be 6.9803.
Shares Statistics:
PLUG traded an average of 46.00M shares per day over the past three months and 46.61M shares per day over the past ten days. A total of 684.25M shares are outstanding, with a floating share count of 616.28M. Insiders hold about 9.93% of the company’s shares, while institutions hold 44.98% stake in the company. Shares short for PLUG as of Feb 15, 2024 were 170.84M with a Short Ratio of 3.71, compared to 158.33M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 28.21% and a Short% of Float of 28.44%.
Earnings Estimates
The firm’s stock currently is rated by 21 analysts. On average, analysts expect EPS of -$0.32 for the current quarter, with a high estimate of -$0.23 and a low estimate of -$0.46, while EPS last year was -$0.35. The consensus estimate for the next quarter is -$0.27, with high estimates of -$0.21 and low estimates of -$0.37.
Analysts are recommending an EPS of between -$0.65 and -$2 for the fiscal current year, implying an average EPS of -$1. EPS for the following year is -$0.51, with 26 analysts recommending between $0.43 and -$1.08.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 21 analysts. It ranges from a high estimate of $310.6M to a low estimate of $129.59M. As of the current estimate, Plug Power Inc’s year-ago sales were $210.29M, an estimated decrease of -7.50% from the year-ago figure. For the next quarter, 20 analysts are estimating revenue of $220.13M, a decrease of -9.10% less than the figure of -$7.50% in the same quarter last year. There is a high estimate of $345.82M for the next quarter, whereas the lowest estimate is $166.11M.
A total of 29 analysts have provided revenue estimates for PLUG’s current fiscal year. The highest revenue estimate was $1.7B, while the lowest revenue estimate was $806.7M, resulting in an average revenue estimate of $1.07B. In the same quarter a year ago, actual revenue was $891.34M, up 20.60% from the average estimate. Based on 28 analysts’ estimates, the company’s revenue will be $1.63B in the next fiscal year. The high estimate is $3.37B and the low estimate is $1.05B. The average revenue growth estimate for next year is up 51.70% from the average revenue estimate for this year.
