In recent trading session, Plug Power Inc (NASDAQ:PLUG) saw 9.37 million shares changing hands at last check today with its beta currently measuring 1.82. Company’s recent per share price level of $2.20 trading at $0.08 or 3.77% at last check today assigns it a market valuation of $1.94B. That most recent trading price of PLUG’s stock is at a discount of -310.91% from its 52-week high price of $9.04 and is indicating a premium of 13.18% from its 52-week low price of $1.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 40.46 million shares which gives us an average trading volume of 37.07 million if we extend that period to 3-months.

For Plug Power Inc (PLUG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.66. Splitting up the data highlights that, out of 16 analysts covering the stock, 3 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.24 in the current quarter.

Plug Power Inc (NASDAQ:PLUG) trade information

Upright in the green today for gaining 3.77%, in the last five days PLUG remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $2.20 price level, adding 2.65% to its value on the day. Plug Power Inc’s shares saw a change of -51.11% in year-to-date performance and have moved 11.68% in past 5-day. Plug Power Inc (NASDAQ:PLUG) showed a performance of -24.66% in past 30-days. Number of shares sold short was 224.69 million shares which calculate 5.42 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 29 to the stock, which implies a rise of 92.41% to its recent value today. Analysts have been projecting 1.8 as a low price target for the stock while placing it at a high target of 46. It follows that stock’s current price would jump 18.18% in reaching the projected high whereas dropping to the targeted low would mean a gain of 18.18% for stock’s current value.

Plug Power Inc (PLUG) estimates and forecasts

Statistics highlight that Plug Power Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -45.27% of value to its shares in past 6 months, showing an annual growth rate of 50.00% while that of industry is 20.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -6.60% from the last financial year’s standing.

18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 232.82M for the same. And 17 analysts are in estimates of company making revenue of 333.41M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -45.13% during past 5 years.

Plug Power Inc (NASDAQ:PLUG)’s Major holders

Insiders are in possession of 6.85% of company’s total shares while institution are holding 41.87 percent of that, with stock having share float percentage of 44.95%. Investors also watch the number of corporate investors in a company very closely, which is 41.87% institutions for Plug Power Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PLUG for having 54.99 million shares of worth $189.15 million. And as of 2024-03-31, it was holding 9.2342 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 48.2 million shares on 2024-03-31. The number of shares represents firm’s hold over 8.0952 of outstanding shares, having a total worth of $165.82 million.