In the past week, PLUG stock has gone up by 2.41%, with a monthly decline of -10.09% and a quarterly plunge of -10.93%. The volatility ratio for the week is 8.13%, and the volatility levels for the last 30 days are 9.01% for Plug Power Inc The simple moving average for the past 20 days is -6.30% for PLUG’s stock, with a -27.48% simple moving average for the past 200 days.
Is It Worth Investing in Plug Power Inc (NASDAQ: PLUG) Right Now?
PLUG has 36-month beta value of 1.73. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 16 as “hold,” and 2 as “sell.”
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The public float for PLUG is 848.66M, and currently, short sellers hold a 26.42% ratio of that float. The average trading volume of PLUG on November 22, 2024 was 45.36M shares.
PLUG) stock’s latest price update
Plug Power Inc (NASDAQ: PLUG)’s stock price has increased by 1.32 compared to its previous closing price of 1.89. However, the company has seen a 2.41% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-21 that Recently, Zacks.com users have been paying close attention to Plug Power (PLUG). This makes it worthwhile to examine what the stock has in store.
Analysts’ Opinion of PLUG
Citigroup, on the other hand, stated in their research note that they expect to see PLUG reach a price target of $2. The rating they have provided for PLUG stocks is “Sell” according to the report published on April 05th, 2024.
Redburn Atlantic gave a rating of “Neutral” to PLUG, setting the target price at $4.50 in the report published on February 06th of the current year.
PLUG Trading at -7.91% 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 -62.74% of loss for the given period.
Volatility was left at 9.01%, however, over the last 30 days, the volatility rate increased by 8.13%, as shares sank -10.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.04% lower at present.
During the last 5 trading sessions, PLUG rose by +2.67%, which changed the moving average for the period of 200-days by -54.18% in comparison to the 20-day moving average, which settled at $2.0440. In addition, Plug Power Inc saw -57.44% 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 MCNAMEE GEORGE C, who sale 10,000 shares at the price of $2.09 back on Nov 01 ’24. After this action, MCNAMEE GEORGE C now owns 684,782 shares of Plug Power Inc, valued at $20,916 using the latest closing price.
MSSB C/FGEORGE C MCNAMEEIRA RO, the Officer of Plug Power Inc, proposed sale 10,000 shares at $1.96 during a trade that took place back on Nov 01 ’24, which means that MSSB C/FGEORGE C MCNAMEEIRA RO is holding shares at $19,600 based on the most recent closing price.
Stock Fundamentals for PLUG
Current profitability levels for the company are sitting at:
- -1.65 for the present operating margin
- -0.93 for the gross margin
The net margin for Plug Power Inc stands at -2.14. The total capital return value is set at -0.28. Equity return is now at value -43.18, with -27.74 for asset returns.
Based on Plug Power Inc (PLUG), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at -1.54. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is -24.91.
Currently, EBITDA for the company is -1.26 billion with net debt to EBITDA at -0.64. When we switch over and look at the enterprise to sales, we see a ratio of 3.96. The receivables turnover for the company is 3.34for trailing twelve months and the total asset turnover is 0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.08.
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.
