compared to its average ratio and a 36-month beta value of 1.77. Analysts have mixed views on the stock, with 16 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Plug Power Inc. (PLUG) is $18.63, which is $11.06 above the current market price. The public float for PLUG is 523.56M, and currently, short sellers hold a 20.24% ratio of that float. The average trading volume of PLUG on May 24, 2023 was 20.91M shares.
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PLUG) stock’s latest price update
Plug Power Inc. (NASDAQ: PLUG)’s stock price has plunge by -5.16relation to previous closing price of 8.81. Nevertheless, the company has seen a 3.92% surge in its stock price over the last five trading sessions. Barron’s reported on 05/09/23 that Plug Power Stock Drops as Hydrogen Prices Hit Results
PLUG’s Market Performance
Plug Power Inc. (PLUG) has experienced a 3.92% rise in stock performance for the past week, with a -6.23% drop in the past month, and a -42.97% drop in the past quarter. The volatility ratio for the week is 7.73%, and the volatility levels for the past 30 days are at 6.27% for PLUG. The simple moving average for the last 20 days is -0.39% for PLUG stock, with a simple moving average of -48.69% for the last 200 days.
PLUG Trading at -12.46% from the 50-Day Moving Average
After a stumble in the market that brought PLUG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -73.53% of loss for the given period.
Volatility was left at 6.27%, however, over the last 30 days, the volatility rate increased by 7.73%, as shares sank -1.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.43% lower at present.
During the last 5 trading sessions, PLUG rose by +3.71%, which changed the moving average for the period of 200-days by -67.45% in comparison to the 20-day moving average, which settled at $8.38. In addition, Plug Power Inc. saw -32.46% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PLUG
Current profitability levels for the company are sitting at:
- -93.79 for the present operating margin
- -27.71 for the gross margin
The net margin for Plug Power Inc. stands at -103.22. The total capital return value is set at -12.68, while invested capital returns managed to touch -14.25. Equity return is now at value -18.70, with -13.50 for asset returns.
Based on Plug Power Inc. (PLUG), the company’s capital structure generated 22.13 points at debt to equity in total, while total debt to capital is 18.12. Total debt to assets is 15.59, with long-term debt to equity ratio resting at 19.15. Finally, the long-term debt to capital ratio is 15.68.
When we switch over and look at the enterprise to sales, we see a ratio of 5.24, with the company’s debt to enterprise value settled at 0.15. The receivables turnover for the company is 4.30 and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.20.
Conclusion
To put it simply, Plug Power Inc. (PLUG) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
