Plug Power Inc (NASDAQ:PLUG)’s traded shares stood at 80.58 million during the last session, with the company’s beta value hitting 1.73.The PLUG share’s 52-week high remains $5.14, putting it -160.91% down since that peak but still an impressive 18.78% since price per share fell to its 52-week low of $1.60. The company has a valuation of $1.80B, with an average of 76.85 million shares in intraday trading volume over the past 10 days and average of 42.85 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 2.69. 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
The 5-day price performance for the stock is -3.43%, and -4.83% over 30 days. With these gigs, the year-to-date price performance is -56.22%. Short interest in Plug Power Inc (NASDAQ:PLUG) saw shorts transact 224.23 million shares and set a 5.72 days time to cover.
The extremes give us $1.6 and $46 for target low and target high price respectively. As such, PLUG has been trading -2235.03% off suggested target high and 18.78% 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 -42.57% down over the last 6 months, with its year-to-date growth rate higher than industry average at 50.00% against 15.90%. Revenue is forecast to grow 62.66% this quarter before jumping 60.13% for the next one. The rating firms project that company’s revenue will shrink -19.06% compared to the previous financial year.
Revenue forecast for the current quarter as set by 15 analysts is 268.45M. Meanwhile, for the current quarter, a total of 14 analyst(s) estimate revenue growth to 187.66M.Earnings reports from the last fiscal year show that sales brought in 222.16M and 120.26M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 20.83% before jumping 56.04% in the following quarter.
PLUG Dividends
Plug Power Inc has its next earnings report out in December. 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 6.61% of total outstanding shares, with institutional holders owning 48.81% of the shares at 52.26% float percentage. In total, 48.81% 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.
