In the last trading session, 95.49 million shares of the Plug Power Inc (NASDAQ:PLUG) were traded, and its beta was 1.81. Most recently the company’s share price was $2.44, and it changed around -$0.3 or -10.95% from the last close, which brings the market valuation of the company to $2.22B. PLUG currently trades at a discount to its 52-week high of $5.14, offering almost -110.66% off that amount. The share price’s 52-week low was $1.60, which indicates that the current value has risen by an impressive 34.43% since then. We note from Plug Power Inc’s average daily trading volume that its 10-day average is 85.15 million shares, with the 3-month average coming to 64.26 million.
Plug Power Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.74. If we narrow it down even further, the data shows that 2 out of 27 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 16 recommended PLUG as a Hold, whereas 5 deemed it a Buy, and 2 rated it as Underweight. Plug Power Inc is expected to report earnings per share of -0.19 for the current quarter.
Plug Power Inc (NASDAQ:PLUG) trade information
Instantly PLUG has showed a red trend with a performance of -10.95% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.00 on recent trading dayincreased the stock’s daily price by 18.67%. The company’s shares are currently up 14.55% year-to-date, but still down -14.98% over the last five days. On the other hand, Plug Power Inc (NASDAQ:PLUG) is -0.41% down in the 30-day period. We can see from the shorts that 204.87 million shares have been sold at a short interest cover period of 3.24 day(s).
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to decrease their stock price by -22.0% from its current value. Analyst projections state that PLUG is forecast to be at a low of $1.6 and a high of $2.5.
Plug Power Inc (PLUG) estimates and forecasts
Plug Power Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -16.44 percent over the past six months and at a 47.83% annual growth rate that is well above the industry average of 18.30%. The year-over-year growth rate is expected to be -20.21%, down from the previous year.
Consensus estimates provided by 20 financial analysts predict the company will bring in an average of 270.9M in revenue for the current quarter. 14 analysts expect Plug Power Inc to make 177.03M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 222.16M and 120.26M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.94%. Forecasts for the next quarter put sales growth at 47.20%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -45.13%.
PLUG Dividends
Plug Power Inc’s next quarterly earnings report is expected to be released in February.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.76% of Plug Power Inc shares, and 48.45% of them are in the hands of institutional investors. The stock currently has a share float of 51.97%. Plug Power Inc stock is held by 593.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.9108% of the shares, which is about 69.97 million shares worth $163.02 million.
BLACKROCK INC., with 9.7236% or 62.35 million shares worth $145.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 28.46 shares worth $69.43 million, making up 3.12% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 22.05 shares worth around $53.8 million, which represents about 2.42% of the total shares outstanding.
