Plug Power Inc. (NASDAQ:PLUG) price on Thursday, August 26, fall -1.93% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $25.90.
A look at the stock’s price movement, the close in the last trading session was $26.41, moving within a range at $25.73 and $26.8677. The beta value (5-Year monthly) was 1.39. Turning to its 52-week performance, $75.49 and $10.56 were the 52-week high and 52-week low respectively. Overall, PLUG moved -6.93% over the past month.
Plug Power Inc.’s market cap currently stands at around $14.59 billion, with investors looking forward to this quarter’s earnings report slated for Nov 08, 2021 – Nov 12, 2021. Analysts project the company’s earnings per share (EPS) to be -$0.07, which has seen fiscal year 2021 EPS growth forecast to increase to -$0.37 and about -$0.17 for fiscal year 2022. Per the data, EPS growth is expected to be 76.60% for 2021 and 54.10% for the next financial year.
Analysts have a consensus estimate of $124.56 million for the company’s revenue for the quarter, with a low and high estimate of $109.6 million and $117.1 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $490.38 million, representing a 45.50% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that PLUG is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
PLUG’s current price about -0.97% and -8.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.13, while 7-day volatility ratio is 4.37% and 5.97% in the 30-day chart. Further, Plug Power Inc. (PLUG) has a beta value of 1.41, and an average true range (ATR) of 1.46.
In the market, a comparison of Plug Power Inc. (PLUG) and its peers suggest the former has performed considerably weaker. Data shows PLUG’s intraday price has changed -1.93% in last session and 98.47% over the past year. Comparatively, Air Products and Chemicals Inc. (APD) has moved -0.28% on the day and only -8.69% in the past 12 months. Looking at another peer, we see that The Procter & Gamble Company (PG) price has dipped -0.18% on the day. However, the stock is 2.91% off its price a year ago. Moreover, Ballard Power Systems Inc. (BLDP) is also down -1.05% in trading on the day while keeping a an uptrend of 1.58% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.58% and -0.54% respectively in the last trading.
If we refocus on Plug Power Inc. (NASDAQ:PLUG), historical trading data shows that trading volumes averaged 23.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 567.03 million shares.
The 0.30% of Plug Power Inc.’s shares are in the hands of company insiders while institutional holders own 50.40% of the company’s shares. Current price change has pushed the stock -23.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PLUG stock continues to rise going into the next quarter.