Plug Power Inc. (NASDAQ:PLUG) has a beta value of 1.38 and has seen 11.25 million shares traded in the last trading session. The company, currently valued at $15.59B, closed the last trade at $26.40 per share which meant it lost -$0.75 on the day or -2.76% during that session. The PLUG stock price is -185.95% off its 52-week high price of $75.49 and 60.0% above the 52-week low of $10.56. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.9 million shares traded. The 3-month trading volume is 22.11 million shares.
The consensus among analysts is that Plug Power Inc. (PLUG) is an Overweight stock at the moment, with a recommendation rating of 2.20. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 7 out of 24 have rated it as a Hold, with 15 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.07.
Plug Power Inc. (NASDAQ:PLUG) trade information
Sporting -2.76% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the PLUG stock price touched $26.40 or saw a rise of 4.42%. Year-to-date, Plug Power Inc. shares have moved -22.15%, while the 5-day performance has seen it change -0.75%. Over the past 30 days, the shares of Plug Power Inc. (NASDAQ:PLUG) have changed 1.54%. Short interest in the company has seen 43.49 million shares shorted with days to cover at 1.53.
Wall Street analysts have a consensus price target for the stock at $40.39, which means that the shares’ value could jump 34.64% from current levels. The projected low price target is $13.00 while the price target rests at a high of $78.00. In that case, then, we find that the current price level is -195.45% off the targeted high while a plunge would see the stock lose 50.76% from current levels.
Plug Power Inc. (PLUG) estimates and forecasts
Figures show that Plug Power Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -30.73% over the past 6 months, with this year growth rate of -41.38%, compared to 21.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -133.30% and 18.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 46.10%.
12 analysts offering their estimates for the company have set an average revenue estimate of $124.56 million for the current quarter. 9 have an estimated revenue figure of $140.94 million for the next quarter concluding in Sep 2021.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -39.60% over the past 5 years.
Plug Power Inc. is expected to release its next earnings report between November 08 and November 12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Plug Power Inc. (NASDAQ:PLUG)’s Major holders
Insiders own 10.10% of the company shares, while shares held by institutions stand at 53.26% with a share float percentage of 59.24%. Investors are also buoyed by the number of investors in a company, with Plug Power Inc. having a total of 774 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 59.77 million shares worth more than $2.14 billion. As of Mar 30, 2021, Blackrock Inc. held 10.41% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 45.81 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $1.64 billion and represent 7.98% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Global Clean Energy ETF. As of Mar 30, 2021, the former fund manager holds about 2.47% shares in the company for having 14.16 million shares of worth $507.55 million while later fund manager owns 8.69 million shares of worth $297.24 million as of Jun 29, 2021, which makes it owner of about 1.51% of company’s outstanding stock.