In the last trading session, 90.29 million Plug Power Inc (NASDAQ:PLUG) shares changed hands as the company’s beta touched 1.79. With the company’s per share price at $2.02 changed hands at -$0.28 or -12.17% during last session, the market valuation stood at $1.84B. PLUG’s last price was a discount, traded about -154.46% off its 52-week high of $5.14. The share price had its 52-week low at $1.60, which suggests the last value was 20.79% up since then. When we look at Plug Power Inc’s average trading volume, we note the 10-day average is 60.46 million shares, with the 3-month average coming to 48.92 million.
Analysts gave the Plug Power Inc (PLUG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.69. If we narrow down to specifics, the data shows that 3 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 5 recommended PLUG as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Plug Power Inc’s EPS for the current quarter is expected to be -0.23.
Plug Power Inc (NASDAQ:PLUG) trade information
Instantly PLUG was in red as seen at the end of in last trading. With action -8.18%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -55.11%, with the 5-day performance at -8.18% in the red. However, in the 30-day time frame, Plug Power Inc (NASDAQ:PLUG) is -3.35% down. Looking at the short shares, we see there were 216.19 million shares sold at short interest cover period of 3.77 days.
The consensus price target for the stock as assigned by Wall Street analysts is 21, meaning bulls need an upside of 90.38% from its current market value. According to analyst projections, PLUG’s forecast low is 1.6 with 46 as the target high. To hit the forecast high, the stock’s price needs a -2177.23% plunge from its current level, while the stock would need to tank 20.79% for it to hit the projected low.
Plug Power Inc (PLUG) estimates and forecasts
Data shows that the Plug Power Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -37.27% over the past 6 months, a 47.83% in annual growth rate that is considerably higher than the industry average of 17.70%. Year-over-year growth is forecast to reach -19.85% down from the last financial year.
Consensus estimates given by 20 financial analysts project the company’s revenue in the current quarter to hit an average of 274.06M. 14 analysts are of the opinion that Plug Power Inc’s revenue for the current quarter will be 178.44M. The company’s revenue for the corresponding quarters a year ago was 222.16M and 120.26M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 23.36%. The estimates for the next quarter sales put growth at 48.37%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -45.13%. The 2024 estimates are for Plug Power Inc earnings to increase by 46.57%.
PLUG Dividends
Plug Power Inc is expected to release its next quarterly earnings report in January.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.76% of Plug Power Inc shares while 48.46% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 51.97%. There are 48.46% institutions holding the Plug Power Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 10.9108% of the shares, roughly 69.97 million PLUG shares worth $163.02 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 9.7236% or 62.35 million shares worth $145.28 million as of 2024-06-30.
