As of Friday close, Plug Power Inc.’s (NASDAQ:PLUG) stock was down -$0.16, moving down -1.32 percent to $11.56. The average number of shares traded per day over the past five days has been 21,212,100 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.30 fall in that time frame. In the last twenty days, the average volume was 25,204,119, while in the previous 50 days, it was 26,240,943.
Since last month, PLUG stock rose 16.18%. Shares of the company fell to $9.81 on 07/06/23, the lowest level in the past month. A 52-week high of $31.56 was reached on 02/02/23 after having rallying from a 52-week low of $7.39. Since the beginning of this year, PLUG’s stock price has dropped by -6.55% or -$0.81, and marked a new high 11 times. However, the stock has declined by -63.37% since its 52-week high.
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Valuation Metrics
The stock’s beta is 1.86. Besides these, the trailing price-to-sales (P/S) ratio of 8.85, the price-to-book (PB) ratio of 1.74.
Financial Health
In the three months ended March 30, Plug Power Inc.’s quick ratio stood at 3.20, while its current ratio was 4.40, 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 0.13, and the total debt-to-equity ratio was 0.15. On the profitability front, the trailing twelve-month gross margin is -29.60% percent. In the year ended March 30, EBITDA margin amounted to -86.43%, whereas operating margins totaled -97.40%. Based on annual data, PLUG earned -$194.36 million in gross profit and brought in $701.44 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 -14.70%. Return on equity (ROE) for the past 12 months was -18.70%.
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 33.04% to $220.74 million during the quarter, while net income inched up to $210.29 million. While analysts expected Plug Power Inc. to report -$0.26 quarterly earnings, the actual figure was -$0.35 per share, beating the consensus estimate by -34.60%. During the quarter, the company generated -$200.38 million in EBITDA. The liabilities of Plug Power Inc. were 1.73 billion at the end of its most recent quarter ended March 30, and its total debt was $921.92 million. The value of shareholders’ equity is $600.54 million.
Technical Picture
This quick technical analysis looks at Plug Power Inc.’s (PLUG) price momentum. With a historical volatility rate of 78.60%, the RSI 9-day stood at 45.09% on 04 August.
With respect to its five-day moving average, the current Plug Power Inc. price is down by -2.53% percent or -$0.30. At present, PLUG shares trade +8.95% above its 20-day simple moving average and -6.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately +31.21% above its SMA50 and -37.92% below its SMA200.
Stochastic coefficient K was 13.96% and Stochastic coefficient D was 33.76%, while ATR was 0.73. Given the Stochastic reading of 10.05% for the 14-day period, the RSI (14) reading has been calculated as 49.84%. As of today, the MACD Oscillator reading stands at -0.38, while the 14-day reading stands at -0.61.
Analyst Ratings
Northland Capital upgraded its rating on Plug Power Inc. (NASDAQ: PLUG) to an Outperform in a note to investors on July 14, 2023. The analysts firm previously had a Market perform rating on the stock.Plug Power Inc. (PLUG) has been rated Overweight by analysts. According to 0 brokerage firms, PLUG is a sell, and 10 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 $15.00, the current consensus forecast for the stock is $9.00 – $78.00. Based on these forecasts, analysts predict Plug Power Inc. (PLUG) will achieve an average price target of $18.57.
