The stock price of Plug Power Inc (NASDAQ: PLUG) has plunged by -2.36 when compared to previous closing price of 2.96, but the company has seen a -7.96% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-13 that Investors may want to pay close attention to hydrogen stocks. All as the U.S. fights to make hydrogen happen.
Is It Worth Investing in Plug Power Inc (NASDAQ: PLUG) Right Now?
Company’s 36-month beta value is 1.57.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for PLUG is 624.05M, and currently, short sellers hold a 29.45% ratio of that floaft. The average trading volume of PLUG on April 15, 2024 was 43.86M shares.
PLUG’s Market Performance
The stock of Plug Power Inc (PLUG) has seen a -7.96% decrease in the past week, with a -13.99% drop in the past month, and a -22.31% fall in the past quarter. The volatility ratio for the week is 5.82%, and the volatility levels for the past 30 days are at 6.98% for PLUG. The simple moving average for the past 20 days is -11.90% for PLUG’s stock, with a -53.39% simple moving average for the past 200 days.
Analysts’ Opinion of PLUG
Many brokerage firms have already submitted their reports for PLUG stocks, with Citigroup repeating the rating for PLUG by listing it as a “Sell.” The predicted price for PLUG in the upcoming period, according to Citigroup is $2 based on the research report published on April 05, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see PLUG reach a price target of $4.50. The rating they have provided for PLUG stocks is “Neutral” according to the report published on February 06th, 2024.
UBS gave a rating of “Neutral” to PLUG, setting the target price at $4.75 in the report published on February 06th of the current year.
PLUG Trading at -20.89% 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 -78.50% of loss for the given period.
Volatility was left at 6.98%, however, over the last 30 days, the volatility rate increased by 5.82%, as shares sank -13.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.06% lower at present.
During the last 5 trading sessions, PLUG fell by -7.96%, which changed the moving average for the period of 200-days by -68.79% in comparison to the 20-day moving average, which settled at $3.26. In addition, Plug Power Inc saw -35.78% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PLUG starting from Crespo Jose Luis, who sale 31,958 shares at the price of $7.20 back on Oct 02 ’23. After this action, Crespo Jose Luis now owns 250,609 shares of Plug Power Inc, valued at $230,098 using the latest closing price.
Stock Fundamentals for PLUG
Current profitability levels for the company are sitting at:
- -1.21 for the present operating margin
- -0.57 for the gross margin
The net margin for Plug Power Inc stands at -1.54. The total capital return value is set at -0.27. Equity return is now at value -39.34, with -25.66 for asset returns.
Based on Plug Power Inc (PLUG), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -3.11. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -45.47.
Currently, EBITDA for the company is -972.92 million with net debt to EBITDA at -0.63. When we switch over and look at the enterprise to sales, we see a ratio of 2.91. The receivables turnover for the company is 2.41for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
In a nutshell, Plug Power Inc (PLUG) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
