Plug Power Inc (NASDAQ:PLUG) price on current trading day, rose 7.01% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.68.
A look at the stock’s price movement, the close in the last trading session was $1.57. Turning to its 52-week performance, $4.90 and $1.52 were the 52-week high and 52-week low respectively. Overall, PLUG moved -13.85% over the past month.
Plug Power Inc’s market cap currently stands at around $1.57 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 263.9M for the company’s revenue for the quarter, with a low and high estimate of 193.4M and 314.61M respectively. The average forecast suggests up to a 18.79% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 704.27M, representing a -20.99% decline on that reported in the last financial year.
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 Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 8 recommend PLUG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PLUG’s current price about -5.11% and -22.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.45, while 7-day volatility ratio is 7.08% and 7.29% in the 30-day chart. Further, Plug Power Inc (PLUG) has a beta value of 1.99, and an average true range (ATR) of 0.16. Analysts have given the company’s stock an average 52-week price target of $2, forecast between a low of $1.6 and high of $2.5. Looking at the price targets, the low is 4.76% off current price level while to achieve the yearly target high, price needs to move -48.81%. Nonetheless, investors will most likely welcome a -19.05% jump to $2 which is the analysts’ median price.
If we refocus on Plug Power Inc (NASDAQ:PLUG), historical trading data shows that trading volumes averaged 65.95 million over the past 3 months. The company’s latest data on shares outstanding shows there are 880.45 million shares.
The 6.77% of Plug Power Inc’s shares are in the hands of company insiders while institutional holders own 50.18% of the company’s shares. Current price change has pushed the stock -21.13% 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.
