Plug Power Inc. (PLUG): What Does Valuation Ratios Tell Us?

Plug Power Inc. (NASDAQ:PLUG) saw an upside of 4.22% to close Friday at $27.19 after adding $1.1 on the day. The 5-day average trading volume is 14,099,721 shares of the company’s common stock. It has gained $27.35 in the past week. An average of 15,915,846 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 17,023,877.

PLUG’s 1-month performance is 7.64% or $1.94 on its low of $23.16 reached on 09/13/21. The company’s shares have touched a 52-week low of $13.69 and high of $75.49, with the stock’s rally to the 52-week high happening on 01/26/21. YTD, PLUG has lost -19.82% or -$6.72. However, the current price is down -63.98%% from the 52-week high price.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free


Insider Transactions

On Jul 13, 90 days have gone by since the last insider trading activity for Plug Power Inc. (PLUG). Shrestha Sanjay K (Chief Strategy Officer) most recently sold 5,700 shares at $28.43 per share on Jul 13. This transaction cost the insider $162,065. President & CEO, Marsh Andrew, sold 573,268 shares at a price of $65.82 on Jan 19. Then, on Jan 13, Director MCNAMEE GEORGE C sold 10,000 shares at a price of $70.45 per share. This transaction amounted to $704,500.

Valuation Metrics

Plug Power Inc. (PLUG) has a trailing price-to-earnings (P/E) ratio of 20.30 for the broader industry and 28.65 for the sector.PLUG stock has a beta of 1.34. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 3.19.

Plug Power Inc.’s quick ratio for the period ended June 29 was 18.90, with the current ratio over the same period at 19.80 meaning that PLUG stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.10, while the total debt to equity was 0.12. The firm’s gross profit as reported stood at -$469.42 million against revenue of -$93.24 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Plug Power Inc.’s cash and short-term investments amounted to $1.24 billion against total debt of $705.53 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PLUG to announce -$0.07 per share in earnings in its latest quarter, but it posted -$0.18, representing a -157.10% surprise. EBITDA for the quarter stood at more than -$84.43 million. PLUG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 957.96 million, with total debt at $705.53 million. Shareholders hold equity totaling $574.36 million

Technical Picture

Let’s look briefly at Plug Power Inc. (PLUG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 60.39% to suggest the stock is trending Neutral, with historical volatility in this time period at 64.60%.

The stock’s 5-day moving average is $25.31, reflecting a +6.34% or $1.62 change from its current price. PLUG is currently trading +12.54% above its 20-day SMA, +0.63% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -0.04% and -23.82% respectively.

Stochastic %K and %D was 42.89% and 24.87% and the average true range (ATR) pointed at 1.34. The RSI (14) points at 56.21%, while the 14-day stochastic is at 67.36% with the period’s ATR at 1.35. The stock’s 9-day MACD Oscillator is pointing at 0.44 and -0.17 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Plug Power Inc. (NASDAQ: PLUG), Barclays upgraded it to an Equal weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for PLUG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PLUG as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 16 have offered a “buy” rating.

What is PLUG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $13.00 and a high of $78.00, with their median price target at $38.00. Looking at these predictions, the average price target given by analysts is for Plug Power Inc. (PLUG) stock is $39.96.


Please enter your comment!
Please enter your name here


Hot Topics

Related Videos

Related Videos

Related Articles



Download Free eBook For



100% free. stop anytime no spam