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After finishing at $2.06 in the prior trading day, Plug Power Inc (NASDAQ: PLUG) closed at $1.94, down -5.83%. In other words, the price has decreased by -$5.83 from its previous closing price. On the day, 75.73 million shares were traded. PLUG stock price reached its highest trading level at $2.0393 during the session, while it also had its lowest trading level at $1.87.
Ratios:
Our goal is to gain a better understanding of PLUG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.91 and its Current Ratio is at 2.07. In the meantime, Its Debt-to-Equity ratio is 0.31 whereas as Long-Term Debt/Eq ratio is at 0.25.
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:
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 Aug 01 ’24 when MCNAMEE GEORGE C sold 10,000 shares for $2.37 per share. The transaction valued at 23,719 led to the insider holds 683,444 shares of the business.
MSSB C/FGEORGE C MCNAMEEIRA RO bought 10,000 shares of PLUG for $24,700 on Aug 01 ’24. On May 10 ’24, another insider, MCNAMEE GEORGE C, who serves as the Director of the company, sold 10,000 shares for $2.56 each. As a result, the insider received 25,576 and left with 639,572 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 1706493824 and an Enterprise Value of 2560182016. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.49 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 3.74 whereas that against EBITDA is -2.44.
Stock Price History:
Over the past 52 weeks, PLUG has reached a high of $8.45, while it has fallen to a 52-week low of $1.60. The 50-Day Moving Average of the stock is -12.88%, while the 200-Day Moving Average is calculated to be -37.37%.
Shares Statistics:
The stock has traded on average 38.42M shares per day over the past 3-months and 43997970 shares per day over the last 10 days, according to various share statistics. A total of 879.64M shares are outstanding, with a floating share count of 819.14M. Insiders hold about 6.88% of the company’s shares, while institutions hold 41.16% stake in the company. Shares short for PLUG as of 1724976000 were 249772087 with a Short Ratio of 6.50, compared to 1722384000 on 224691175. Therefore, it implies a Short% of Shares Outstanding of 249772087 and a Short% of Float of 28.499999999999996.
