and a 36-month beta value of 1.89. Opinions on the stock are mixed, with 17 analysts rating it as a “buy,” 1 as “overweight,” 12 as “hold,” and 0 as “sell.”
The average price predicted for Plug Power Inc. (PLUG) by analysts is $17.56, which is $9.41 above the current market price. The public float for PLUG is 541.82M, and at present, short sellers hold a 22.28% of that float. On September 18, 2023, the average trading volume of PLUG was 21.86M shares.
PLUG) stock’s latest price update
Plug Power Inc. (NASDAQ: PLUG) has seen a decline in its stock price by -2.41 in relation to its previous close of 8.73. However, the company has experienced a 7.04% gain in its stock price over the last five trading sessions. The Motley Fool reported 2023-09-17 that Ongoing concerns about financial controls, on top of decades of unprofitability, are the signal. Management’s pitch about the future of energy is noise until things improve.
PLUG’s Market Performance
PLUG’s stock has risen by 7.04% in the past week, with a monthly drop of -0.70% and a quarterly drop of -21.26%. The volatility ratio for the week is 5.04% while the volatility levels for the last 30 days are 4.98% for Plug Power Inc. The simple moving average for the past 20 days is 1.40% for PLUG’s stock, with a -26.25% simple moving average for the past 200 days.
Analysts’ Opinion of PLUG
Many brokerage firms have already submitted their reports for PLUG stocks, with ROTH MKM repeating the rating for PLUG by listing it as a “Neutral.” The predicted price for PLUG in the upcoming period, according to ROTH MKM is $7.50 based on the research report published on August 10, 2023 of the current year 2023.
PLUG Trading at -16.24% 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 -72.00% of loss for the given period.
Volatility was left at 4.98%, however, over the last 30 days, the volatility rate increased by 5.04%, as shares sank -0.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.37% lower at present.
During the last 5 trading sessions, PLUG rose by +7.04%, which changed the moving average for the period of 200-days by -42.90% in comparison to the 20-day moving average, which settled at $8.40. In addition, Plug Power Inc. saw -31.12% 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 -21.00, with -14.60 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 4.40, 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.
To sum up, Plug Power Inc. (PLUG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.