The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
After finishing at $2.66 in the prior trading day, Plug Power Inc (NASDAQ: PLUG) closed at $2.71, up 1.88%. In other words, the price has increased by $1.88 from its previous closing price. On the day, 68.87 million shares were traded. PLUG stock price reached its highest trading level at $2.92 during the session, while it also had its lowest trading level at $2.66.
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 0.95 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 2469344000 and an Enterprise Value of 3304028672. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.74 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 5.01 whereas that against EBITDA is -3.343.
Stock Price History:
The Beta on a monthly basis for PLUG is 1.78, which has changed by 0.099173546 over the last 52 weeks, in comparison to a change of 0.22212577 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 17.15%, while the 200-Day Moving Average is calculated to be 11.03%.
Shares Statistics:
The stock has traded on average 62.78M shares per day over the past 3-months and 75929240 shares per day over the last 10 days, according to various share statistics. 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 51.02% stake in the company. Shares short for PLUG as of 1735603200 were 204871134 with a Short Ratio of 3.26, compared to 1732838400 on 195294227. Therefore, it implies a Short% of Shares Outstanding of 204871134 and a Short% of Float of 22.569999.
