In last trading session, Plug Power Inc (NASDAQ:PLUG) saw 52.91 million shares changing hands with its beta currently measuring 1.79. Company’s recent per share price level of $1.92 trading at $0.04 or 2.13% at ring of the bell on the day assigns it a market valuation of $1.75B. That closing price of PLUG’s stock is at a discount of -167.71% from its 52-week high price of $5.14 and is indicating a premium of 16.67% from its 52-week low price of $1.60. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 79.1 million shares which gives us an average trading volume of 69.45 million if we extend that period to 3-months.
For Plug Power Inc (PLUG), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.82. Splitting up the data highlights that, out of 16 analysts covering the stock, 3 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.23 in the current quarter.
Plug Power Inc (NASDAQ:PLUG) trade information
Upright in the green during last session for gaining 2.13%, in the last five days PLUG remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $1.92 price level, adding 12.73% to its value on the day. Plug Power Inc’s shares saw a change of -9.86% in year-to-date performance and have moved -8.13% in past 5-day. Plug Power Inc (NASDAQ:PLUG) showed a performance of -19.33% in past 30-days. Number of shares sold short was 238.46 million shares which calculate 3.71 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a rise of 4.0% to its current value. Analysts have been projecting 1.6 as a low price target for the stock while placing it at a high target of 2.5. It follows that stock’s current price would jump 16.67% in reaching the projected high whereas dropping to the targeted low would mean a gain of 16.67% for stock’s current value.
Plug Power Inc (PLUG) estimates and forecasts
Statistics highlight that Plug Power Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -20.00% of value to its shares in past 6 months, showing an annual growth rate of 47.39% while that of industry is 18.30. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -20.97% from the last financial year’s standing.
22 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 263.99M for the same. And 14 analysts are in estimates of company making revenue of 174.38M in the next quarter. Company posted 222.16M and 120.26M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -45.13% during past 5 years.
Plug Power Inc (NASDAQ:PLUG)’s Major holders
Insiders are in possession of 6.76% of company’s total shares while institution are holding 48.43 percent of that, with stock having share float percentage of 51.94%. Investors also watch the number of corporate investors in a company very closely, which is 48.43% institutions for Plug Power Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at PLUG for having 69.97 million shares of worth $163.02 million. And as of 2024-06-30, it was holding 10.9108 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 62.35 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.7236 of outstanding shares, having a total worth of $145.28 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 28.46 shares of worth $54.63 million or 3.12% of the total outstanding shares. The later fund manager was in possession of 22.05 shares on Sep 30, 2024 , making its stake of worth around $42.34 million in the company or a holder of 2.42% of company’s stock.
