During the last session, Plug Power Inc (NASDAQ:PLUG)’s traded shares were 50.51 million, with the beta value of the company hitting 1.74. The 52-week high for the PLUG share is $5.14, that puts it down -167.71 from that peak though still a striking 16.67% gain since the share price plummeted to a 52-week low of $1.60. The company’s market capitalization is $1.75B, and the average intraday trading volume over the past 10 days was 64.17 million shares, and the average trade volume was 44.67 million shares over the past three months.
Plug Power Inc (PLUG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.69. PLUG has a Sell rating from 3 analyst(s) out of 16 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.23.
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Plug Power Inc (NASDAQ:PLUG) trade information
The stock’s 5-day price performance is -2.54%, and it has moved by -13.51% in 30 days. Based on these gigs, the overall price performance for the year is -50.39%. The short interest in Plug Power Inc (NASDAQ:PLUG) is 224.23 million shares and it means that shorts have 5.72 day(s) to cover.
The consensus price target of analysts on Wall Street is $21, which implies an increase of 90.86% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.6 and $46 respectively. As a result, PLUG is trading at a discount of -2295.83% off the target high and 16.67% off the low.
Plug Power Inc (PLUG) estimates and forecasts
Statistics show that Plug Power Inc has outperformed its competitors in share price, compared to the industry in which it operates. Plug Power Inc (PLUG) shares have gone down -43.70% during the last six months, with a year-to-date growth rate more than the industry average at 47.83% against 15.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 63.79% this quarter and then jump 60.28% in the quarter after that. In the rating firms’ projections, revenue will decrease -19.67% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 274.62M as predicted by 20 analyst(s). Meanwhile, a consensus of 14 analyst(s) estimates revenue growth to 179.25M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 222.16M and 120.26M respectively. In this case, analysts expect current quarter sales to grow by 23.61% and then jump by 49.05% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -45.13%. While earnings are projected to return 46.61% in 2024.
PLUG Dividends
Plug Power Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
Plug Power Inc insiders own 6.61% of total outstanding shares while institutional holders control 48.31%, with the float percentage being 51.73%. VANGUARD GROUP INC is the largest shareholder of the company, while 599.0 institutions own stock in it. As of 2024-06-30, the company held over 69.97 million shares (or 10.9108% of all shares), a total value of $163.02 million in shares.
The next largest institutional holding, with 62.35 million shares, is of BLACKROCK INC.’s that is approximately 9.7236% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $145.28 million.
