Plug Power Inc (NASDAQ:PLUG) has a beta value of 1.76 and has seen 45.45 million shares traded in the last trading session. The company, currently valued at $1.89B, closed the last trade at $2.07 per share which meant it lost -$0.13 on the day or -5.91% during that session. The PLUG stock price is -148.31% off its 52-week high price of $5.14 and 22.71% above the 52-week low of $1.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 66.16 million shares traded. The 3-month trading volume is 46.83 million shares.
The consensus among analysts is that Plug Power Inc (PLUG) is Buy stock at the moment, with a recommendation rating of 2.69. 3 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 16 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.23.
Plug Power Inc (NASDAQ:PLUG) trade information
Sporting -5.91% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PLUG stock price touched $2.07 or saw a rise of 8.0%. Year-to-date, Plug Power Inc shares have moved -54.00%, while the 5-day performance has seen it change 7.81%. Over the past 30 days, the shares of Plug Power Inc (NASDAQ:PLUG) have changed -7.59%. Short interest in the company has seen 224.23 million shares shorted with days to cover at 5.72.
Wall Street analysts have a consensus price target for the stock at $21, which means that the shares’ value could jump 90.14% from current levels. The projected low price target is $1.6 while the price target rests at a high of $46.0. In that case, then, we find that the current price level is -2122.22% off the targeted high while a plunge would see the stock lose 22.71% from current levels.
Plug Power Inc (PLUG) estimates and forecasts
Figures show that Plug Power Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -35.31% over the past 6 months, with this year growth rate of 47.83%, compared to 15.90% for the industry. Revenue growth from the last financial year stood is estimated to be -19.85%.
20 analysts offering their estimates for the company have set an average revenue estimate of 274.05M for the current quarter. 14 have an estimated revenue figure of 178.46M for the next ending quarter. Year-ago sales stood 222.16M and 120.26M respectively for this quarter and the next, and analysts expect sales will grow by 23.36% for the current quarter and -19.85% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -45.13% over the past 5 years.
PLUG Dividends
Plug Power Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
Insiders own 6.61% of the company shares, while shares held by institutions stand at 48.34% with a share float percentage of 51.76%. Investors are also buoyed by the number of investors in a company, with Plug Power Inc having a total of 602.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 69.97 million shares worth more than $163.02 million. As of 2024-06-30, VANGUARD GROUP INC held 10.9108% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 62.35 million shares as of 2024-06-30. The firm’s total holdings are worth over $145.28 million and represent 9.7236% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.63% shares in the company for having 23.94 shares of worth $49.55 million while later fund manager owns 19.31 shares of worth $39.97 million as of Sep 30, 2024 , which makes it owner of about 2.12% of company’s outstanding stock.
