Plug Power Inc (NASDAQ:PLUG) price on Wednesday, May 21, fall -7.12% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.77.
A look at the stock’s price movement, the close in the last trading session was $0.82. Turning to its 52-week performance, $3.55 and $0.69 were the 52-week high and 52-week low respectively. Overall, PLUG moved -12.39% over the past month.
Plug Power Inc’s market cap currently stands at around $826.33 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 159.03M for the company’s revenue for the quarter, with a low and high estimate of 140M and 182.1M respectively. The average forecast suggests up to a 10.94% 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 731.95M, representing a 16.40% jump 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 100% Sell 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 -7.83% and -31.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.77, while 7-day volatility ratio is 11.43% and 10.00% in the 30-day chart. Further, Plug Power Inc (PLUG) has a beta value of 2.13, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $1.375, forecast between a low of $1.1 and high of $1.8. Looking at the price targets, the low is -42.86% off current price level while to achieve the yearly target high, price needs to move -133.77%. Nonetheless, investors will most likely welcome a -78.57% jump to $1.375 which is the analysts’ median price.
If we refocus on Plug Power Inc (NASDAQ:PLUG), historical trading data shows that trading volumes averaged 92.56 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.08 billion shares.
The 6.57% of Plug Power Inc’s shares are in the hands of company insiders while institutional holders own 45.58% of the company’s shares. Current price change has pushed the stock -64.02% 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.
