In the latest session, Plug Power Inc (NASDAQ: PLUG) closed at $3.14 down -0.32% from its previous closing price of $3.15. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 30287467 shares were traded.
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 2.15B and an Enterprise Value of 2.98B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.41 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 3.35 whereas that against EBITDA is -2.37.
Stock Price History:
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 3.6916, while the 200-Day Moving Average is calculated to be 6.3280.
Shares Statistics:
For the past three months, PLUG has traded an average of 44.20M shares per day and 25.11M over the past ten days. A total of 684.25M shares are outstanding, with a floating share count of 616.23M. Insiders hold about 9.93% of the company’s shares, while institutions hold 44.87% stake in the company. Shares short for PLUG as of Mar 15, 2024 were 172.19M with a Short Ratio of 3.90, compared to 170.84M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 25.17% and a Short% of Float of 25.34%.
Earnings Estimates
There are 22 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.33 for the current quarter, with a high estimate of -$0.25 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 -$1.41 for the fiscal current year, implying an average EPS of -$1. EPS for the following year is -$0.54, with 25 analysts recommending between -$0.15 and -$0.98.
Revenue Estimates
A total of 20 analysts believe the company’s revenue will be $179.2M this quarter.It ranges from a high estimate of $265.89M 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 -14.80% from the year-ago figure. For the next quarter, 19 analysts are estimating revenue of $207.49M, a decrease of -14.30% over than the figure of -$14.80% in the same quarter last year. There is a high estimate of $278.86M for the next quarter, whereas the lowest estimate is $166.11M.
A total of 26 analysts have provided revenue estimates for PLUG’s current fiscal year. The highest revenue estimate was $1.18B, while the lowest revenue estimate was $765.5M, resulting in an average revenue estimate of $1.01B. In the same quarter a year ago, actual revenue was $891.34M, up 13.60% from the average estimate. Based on 26 analysts’ estimates, the company’s revenue will be $1.55B in the next fiscal year. The high estimate is $2.73B and the low estimate is $893.2M. The average revenue growth estimate for next year is up 52.90% from the average revenue estimate for this year.
