In last trading session, Plug Power Inc (NASDAQ:PLUG) saw 36.37 million shares changing hands with its beta currently measuring 1.79. Company’s recent per share price level of $2.07 trading at $0.01 or 0.49% at ring of the bell on the day assigns it a market valuation of $1.82B. That closing price of PLUG’s stock is at a discount of -281.64% from its 52-week high price of $7.90 and is indicating a premium of 22.71% from its 52-week low price of $1.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 33.93 million shares which gives us an average trading volume of 38.53 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 2.64. 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.
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Plug Power Inc (NASDAQ:PLUG) trade information
Upright in the green during last session for gaining 0.49%, in the last five days PLUG remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $2.07 price level, adding 3.27% to its value on the day. Plug Power Inc’s shares saw a change of -54.00% in year-to-date performance and have moved 1.47% in past 5-day. Plug Power Inc (NASDAQ:PLUG) showed a performance of -0.96% in past 30-days. Number of shares sold short was 253.03 million shares which calculate 6.38 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 92.86% to its current value. 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 13.04% in reaching the projected high whereas dropping to the targeted low would mean a gain of 13.04% 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 -24.18% 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 -6.40% from the last financial year’s standing.
19 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 219.77M for the same. And 18 analysts are in estimates of company making revenue of 336.29M 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 6.86% of company’s total shares while institution are holding 46.30 percent of that, with stock having share float percentage of 49.71%. Investors also watch the number of corporate investors in a company very closely, which is 46.30% 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 69.97 million shares of worth $163.02 million. And as of 2024-06-30, it was holding 10.9108 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 62.35 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.7236 of outstanding shares, having a total worth of $145.28 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 23.94 shares of worth $49.55 million or 2.72% of the total outstanding shares. The later fund manager was in possession of 18.67 shares on Jun 30, 2024 , making its stake of worth around $38.65 million in the company or a holder of 2.12% of company’s stock.
