Plug Power Inc (NASDAQ:PLUG) traded at $2.09 at close of the session on Friday, November 01 and made an upward move of 6.63% on its previous day’s price.
Looking at the stock we see that its previous close was $1.96 and the beta (5Y monthly) reads 1.79 with the day’s price range being $1.97 – $2.19. In terms of its 52-week price range, PLUG has a high of $6.95 and a low of $1.60. The company’s stock has gained about 1.46% over that past 30 days.
Plug Power Inc has a market cap of $1.96 billion and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.24, with the EPS growth for the year raised at -1.17 for current year and -1.17 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 211.28M, with a low of 180.47M and a high of 262.3M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 825.46M, or -7.40% down from figures reported last year.
On the other hand, looking at the outlook for the PLUG stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 16 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Plug Power Inc (PLUG) stock as a Hold, while 8 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -1.21% off its SMA20 and 2.50% from its 50-day simple moving average. The RSI (14) is pointing at 49.48 while the volatility over the past week is 7.12% and jumps to 6.68% over the past one month. The beta value is 1.81, while the average true range (ATR) is currently pointing at 0.15. The average price target for the stock over the next 12 months is $29, with the estimates having a low of $1.8 and a high of $46. These price ends are 13.88% and -2100.96% off the current price level respectively, although investors could be excited at the prospect of a -1287.56% if the PLUG share price touches on the median price of $29.
Coming back to Plug Power Inc (NASDAQ:PLUG), we note that the average 3-month trading volume was 38.00 million, while that of the preceding 10-day period stands at 45.01 million. Current shares outstanding are 879.64 million.
The insiders hold 6.88% of the company’s shares while institutions hold 49.29%. The data shows that short shares as of 2024-10-15, stood at 243.82 million at a short ratio of 5.97. This represents a 2782.00 short interest in shares outstanding on 2024-10-15. Shares short fall in October from the previous month at 257.01 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -53.56% down in year-to-date price movement.
