Additionally, the 36-month beta value for PLUG is 1.81. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 16 rating it as “hold,” and 2 rating it as “sell.”
The public float for PLUG is 849.44M and currently, short sellers hold a 24.12% ratio of that float. The average trading volume of PLUG on January 20, 2025 was 64.26M shares.
PLUG) stock’s latest price update
The stock price of Plug Power Inc (NASDAQ: PLUG) has plunged by -10.95 when compared to previous closing price of 2.74, but the company has seen a -14.98% decline in its stock price over the last five trading sessions. fool.com reported 2025-01-19 that Plug Power (PLUG -10.95%), a developer of hydrogen-powered residential systems, seemed like a promising green energy play when it went public in 1999. But its ambitious plan flopped because producing hydrogen is more expensive than producing oil or natural gas, and it was cheaper to expand existing electrical grids than to build new hydrogen infrastructure.
PLUG’s Market Performance
PLUG’s stock has fallen by -14.98% in the past week, with a monthly drop of -0.41% and a quarterly rise of 17.87%. The volatility ratio for the week is 12.60% while the volatility levels for the last 30 days are 11.71% for Plug Power Inc The simple moving average for the past 20 days is -4.24% for PLUG’s stock, with a 0.25% simple moving average for the past 200 days.
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 previous year.
PLUG Trading at 4.96% 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 -52.53% of loss for the given period.
Volatility was left at 11.71%, however, over the last 30 days, the volatility rate increased by 12.60%, 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 -2.79% lower at present.
During the last 5 trading sessions, PLUG fell by -14.98%, which changed the moving average for the period of 200-days by -22.29% in comparison to the 20-day moving average, which settled at $2.55. In addition, Plug Power Inc saw 14.55% in overturn over a single year, with a tendency to cut further gains.
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 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -0.9. The debt to equity ratio resting at 0.31. 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 4.64. The receivables turnover for the company is 2.11for 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
In conclusion, Plug Power Inc (PLUG) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
