In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Plug Power Inc (NASDAQ: PLUG) closed at $2.49 down -3.11% from its previous closing price of $2.57. In other words, the price has decreased by $-3.11 from its previous closing price. On the day, 23.33 million shares were traded. PLUG stock price reached its highest trading level at $2.595 during the session, while it also had its lowest trading level at $2.45.
Ratios:
For a deeper understanding of Plug Power Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1703794944 and an Enterprise Value of 2592352512. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 2.908 whereas that against EBITDA is -2.665.
Stock Price History:
The Beta on a monthly basis for PLUG is 1.62, which has changed by -0.72276163 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, PLUG has reached a high of $13.44, while it has fallen to a 52-week low of $2.26. The 50-Day Moving Average of the stock is -27.72%, while the 200-Day Moving Average is calculated to be -58.38%.
Shares Statistics:
For the past three months, PLUG has traded an average of 40.67M shares per day and 24232240 over the past ten 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 44.92% stake in the company. Shares short for PLUG as of 1711584000 were 183771591 with a Short Ratio of 4.52, compared to 1709164800 on 159827772. Therefore, it implies a Short% of Shares Outstanding of 183771591 and a Short% of Float of 27.05.
Earnings Estimates
The stock of Plug Power Inc (PLUG) is currently being evaluated by Plug Power, Inc. analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $5.01, with high estimates of $1.32 and low estimates of $24.93.
