Plug Power Inc. (PLUG): A Technical View

As of Thursday close, Plug Power Inc.’s (NASDAQ:PLUG) stock was up $0.98, moving up 5.80 percent to $17.87. The average number of shares traded per day over the past five days has been 20,413,859 shares. 5 times new highs have been achieved over the past 5 days, with a $2.65 gain in that time frame. In the last twenty days, the average volume was 21,495,045, while in the previous 50 days, it was 22,726,633.

Since last month, PLUG stock rose 7.39%. Shares of the company fell to $13.90 on 06/14/22, the lowest level in the past month. A 52-week high of $46.50 was reached on 04/04/22 after having rallying from a 52-week low of $12.70. Since the beginning of this year, PLUG’s stock price has dropped by -36.70% or -$10.36, and marked a new high 4 times. However, the stock has declined by -61.57% since its 52-week high.


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Plug Power Inc. (PLUG) last reported insider trading activity 346 days ago on Jul 13. Shrestha Sanjay K, the Chief Strategy Officer of the company, disposed of 5,700 shares for $28.43 on Jul 13. It resulted in a $162,065 divestment by the insider.

Valuation Metrics

The stock’s beta is 1.80. Besides these, the trailing price-to-sales (P/S) ratio of 16.28, the price-to-book (PB) ratio of 2.31.

Financial Health

In the three months ended March 30, Plug Power Inc.’s quick ratio stood at 10.50, while its current ratio was 11.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.12, and the total debt-to-equity ratio was 0.13. On the profitability front, the trailing twelve-month gross margin is -34.00% percent. In the year ended March 30, operating margins totaled -92.50%. Based on annual data, PLUG earned -$171.31 million in gross profit and brought in $502.34 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -8.10%. Return on equity (ROE) for the past 12 months was -11.90%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PLUG’s revenue rose 48.89% to $161.91 million during the quarter, while net income inched up to $140.8 million. While analysts expected Plug Power Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.27 per share, beating the consensus estimate by -68.80%. During the quarter, the company generated -$128.18 million in EBITDA. The liabilities of Plug Power Inc. were 1.33 billion at the end of its most recent quarter ended March 30, and its total debt was $818.18 million. The value of shareholders’ equity is $578.1 million.

Technical Picture

This quick technical analysis looks at Plug Power Inc.’s (PLUG) price momentum. With a historical volatility rate of 109.11%, the RSI 9-day stood at 58.94% on 23 June.

With respect to its five-day moving average, the current Plug Power Inc. price is up by +17.41% percent or $2.65. At present, PLUG shares trade +17.72% above its 20-day simple moving average and -4.74% percent below its 100-day simple moving average. However, the stock is currently trading approximately -31.87% below its SMA50 and -33.32% below its SMA200.

Stochastic coefficient K was 55.35% and Stochastic coefficient D was 45.52%, while ATR was 1.40. Given the Stochastic reading of 68.39% for the 14-day period, the RSI (14) reading has been calculated as 52.98%. As of today, the MACD Oscillator reading stands at 1.45, while the 14-day reading stands at 0.56.

Analyst Ratings

Plug Power Inc. (PLUG) has been rated Overweight by analysts. According to 0 brokerage firms, PLUG is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Plug Power Inc. stock as buy, with 19 recommending it as overweight.

With a median target price of $32.00, the current consensus forecast for the stock is $18.00 – $78.00. Based on these forecasts, analysts predict Plug Power Inc. (PLUG) will achieve an average price target of $34.98.

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