Plug Power Inc. (NASDAQ:PLUG) saw a downside of -1.27% to close Tuesday at $10.91 after subtracting -$0.14 on the day. The 5-day average trading volume is 18,521,820 shares of the company’s common stock. It has gained $12.21 in the past week and touched a new high 1 time within the past 5 days. An average of 24,880,721 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 26,219,232.
PLUG’s 1-month performance is -0.37% or $0.30 on its low of $10.35 reached on 08/08/23. The company’s shares have touched a 52-week low of $7.39 and high of $31.56, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, PLUG has lost -11.80% or -$1.46 and has reached a new high 11 times. However, the current price is down -65.43% from the 52-week high price.
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Valuation Metrics
PLUG stock has a beta of 1.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.61 while the price-to-book (PB) in the most recent quarter is 1.64.
Plug Power Inc.’s quick ratio for the period ended March 30 was 3.20, with the current ratio over the same period at 4.40. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.13, while the total debt to equity was 0.15.. In terms of profitability, the gross margin trailing 12 months is -29.60%. The trailing 12-month EBITDA margin is -86.43% while for the period ending March 30, Plug Power Inc.’s operating margin was -97.40%. The firm’s gross profit as reported stood at -$194.36 million against revenue of $701.44 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Plug Power Inc.’s cash and short-term investments amounted to $1.03 billion against total debt of $921.92 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 24.24% to -$206.56 million, while revenue of -$223.47 million was -8.19% off the previous quarter. Analysts expected PLUG to announce -$0.26 per share in earnings in its latest quarter, but it posted -$0.35, representing a -34.60% surprise. EBITDA for the quarter stood at more than -$200.38 million. PLUG stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 1.73 billion, with total debt at $921.92 million. Shareholders hold equity totaling $600.54 million.
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 August was 37.58% to suggest the stock is trending Neutral, with historical volatility in this time period at 77.78%.
The stock’s 5-day moving average is $11.38, reflecting a -14.50% or -$1.85 change from its current price. PLUG is currently trading -2.42% above its 20-day SMA, -7.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +30.19% and SMA200 by-35.63%.
Stochastic %K and %D was 12.71% and 12.84% and the average true range (ATR) pointed at 0.72. The RSI (14) points at 44.28%, while the 14-day stochastic is at 20.00% with the period’s ATR at 0.72. The stock’s 9-day MACD Oscillator is pointing at -0.64 and -0.79 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Plug Power Inc. (NASDAQ: PLUG), Northland Capital upgraded it to an Outperform rating. They previously had a Market perform rating on the stock.
