Plug Power Inc (NASDAQ:PLUG)’s traded shares stood at 35.75 million during the last session, with the company’s beta value hitting 1.80. At the close of trading, the stock’s price was $2.13, to imply an increase of 2.40% or $0.05 in intraday trading. The PLUG share’s 52-week high remains $6.95, putting it -226.29% down since that peak but still an impressive 24.88% since price per share fell to its 52-week low of $1.60. The company has a valuation of $1.87B, with an average of 39.18 million shares in intraday trading volume over the past 10 days and average of 38.17 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Plug Power Inc (PLUG), translating to a mean rating of 2.63. Of 16 analyst(s) looking at the stock, 3 analyst(s) give PLUG a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.24.
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Plug Power Inc (NASDAQ:PLUG) trade information
After registering a 2.40% upside in the last session, Plug Power Inc (PLUG) has traded red over the past five days. The 5-day price performance for the stock is 4.41%, and 9.23% over 30 days. With these gigs, the year-to-date price performance is -52.67%. Short interest in Plug Power Inc (NASDAQ:PLUG) saw shorts transact 253.03 million shares and set a 6.38 days time to cover.
The extremes give us $1.8 and $46 for target low and target high price respectively. As such, PLUG has been trading -2059.62% off suggested target high and 15.49% from its likely low.
Plug Power Inc (PLUG) estimates and forecasts
Looking at statistics comparing Plug Power Inc share performance against respective industry, we note that the company has outperformed competitors. Plug Power Inc (PLUG) shares are -10.50% down over the last 6 months, with its year-to-date growth rate higher than industry average at 50.00% against 20.00%. Revenue is forecast to grow 48.90% this quarter before jumping 81.50% for the next one. The rating firms project that company’s revenue will shrink -7.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 19 analysts is 211.66M. Meanwhile, for the current quarter, a total of 19 analyst(s) estimate revenue growth to 333.5M.
PLUG Dividends
Plug Power Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
Plug Power Inc insiders hold 6.86% of total outstanding shares, with institutional holders owning 46.40% of the shares at 49.81% float percentage. In total, 46.40% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 69.97 million shares (or 10.9108% of shares), all amounting to roughly $163.02 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 62.35 million shares, or about 9.7236% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $145.28 million.
