Plug Power Inc. (NASDAQ:PLUG) finished Wednesday with an addition of $3.81 to close at $33.59, an upside of 12.79 percent. An average of 32,383,379 shares of common stock have been traded in the last five days. There was a gain of $8.99 in the past week. The last 20 days have seen an average of 19,867,930 shares traded, while the 50-day average volume stands at 18,974,926.
PLUG stock has increased by 36.21% in the last month. The company shares reached their 1-month lowest point of $23.81 on 10/06/21. With the stock rallying to its 52-week high on 01/26/21, shares of the company touched a low of $13.69 and a high of $75.49 in 52 weeks. In spite of this, the price is down -55.50% from the 52-week high.
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93 days have passed since Plug Power Inc. (PLUG) last reported insider trading activity. Shrestha Sanjay K, who is Chief Strategy Officer, most recently acquired $5,700 shares at $28.43 per share on Jul 13. In this transaction, the insider spent $162,065. President & CEO, Marsh Andrew, disposed of 573,268 shares at a price of $65.82 on Jan 19. The insider now owns more than $37,730,855 worth of shares. Prior to that, Director MCNAMEE GEORGE C went on to Sale 10,000 shares at $70.45 each on Jan 13. An amount of $704,500 was transacted.
Plug Power Inc. (PLUG) has a trailing price-to-earnings (P/E) ratio of 20.30 for the broader industry and 28.57 for the sector. The stock’s beta is 1.34. Other valuation ratios to consider include the price-to-book (PB) ratio at 3.94.
The quick ratio of Plug Power Inc. for the three months ended June 29 was 18.90, and the current ratio was 19.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.10 and a total debt to equity ratio of 0.12 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin 5-year average of -3.8%. Its gross profit as reported stood at -$469.42 million compared to revenue of -$93.24 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Plug Power Inc.’s return on assets was -18.50%, compared to -28.4% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been -24.00% and the 5-year average holds at -117.5%. For the broader industry, ROE averaged 7.02 over the past year.
For the three-month period that ended June 29, Plug Power Inc. had $1.24 billion in cash. The analyst consensus anticipated Plug Power Inc.’s latest quarter earnings to come in at -$0.07 per share, but it turned out to be -$0.18, a -157.10% surprise. For the quarter, EBITDA amounted to -$84.43 million. Shareholders own equity worth $574.36 million.
From a technical analysis perspective, let’s take a brief look at Plug Power Inc. (PLUG) price momentum. RSI 9-day as of the close on 13 October was 81.86%, suggesting the stock is Overbought, with historical volatility in this time frame at 69.99%.
As of today, PLUG’s price is $28.86 +36.54% or $8.99 from its 5-day moving average. PLUG is currently trading +36.38% higher than its 20-day SMA and +20.44% higher than its 100-day SMA. However, the stock’s current price level is +26.80% above the SMA50 and +0.06% above the SMA200.
The stochastic %K and %D were 90.96% and 78.13%, respectively, and the average true range (ATR) was 1.70. With the 14-day stochastic at 99.29% and the average true range at 1.58, the RSI (14) stands at 74.31%. The stock has reached 3.32 on the 9-day MACD Oscillator while the 14-day reading was at 3.48.
Morgan Stanley upgraded Plug Power Inc. (NASDAQ: PLUG) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a an Equal-weight.The consensus rating for Plug Power Inc. (PLUG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PLUG, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 17 others rate it as a “buy”.
What is PLUG’s price target for the next 12 months?
Analysts predict a range of price targets between $13.00 and $78.00, with a median target of $40.00. Taking a look at these predictions, the average price target given by analysts for Plug Power Inc. (PLUG) stock is $40.17.