During the last session, Plug Power Inc (NASDAQ:PLUG)’s traded shares were 53.78 million, with the beta value of the company hitting 2.03. At the end of the trading day, the stock’s price was $1.65, reflecting an intraday loss of -2.37% or -$0.04. The 52-week high for the PLUG share is $4.90, that puts it down -196.97 from that peak though still a striking 16.97% gain since the share price plummeted to a 52-week low of $1.37. The company’s market capitalization is $1.53B, and the average trade volume was 63.81 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 2.81. 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 -0.2.
Plug Power Inc (NASDAQ:PLUG) trade information
Plug Power Inc (PLUG) registered a -2.37% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.37% in intraday trading to $1.65, hitting a weekly high. The stock’s 5-day price performance is 1.23%, and it has moved by -15.38% in 30 days. Based on these gigs, the overall price performance for the year is -57.25%.
The consensus price target of analysts on Wall Street is $2, which implies an increase of 17.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.6 and $2.5 respectively. As a result, PLUG is trading at a discount of -51.52% off the target high and 3.03% off the low.
Plug Power Inc (PLUG) estimates and forecasts
In the rating firms’ projections, revenue will increase 19.73% 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 128.61M as predicted by 15 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 159.76M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 120.26M and 143.35M respectively. In this case, analysts expect current quarter sales to grow by 6.94% and then jump by 11.45% 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 -49.35%. While earnings are projected to return 75.69% in 2025, the next five years will return 50.24% per annum.
PLUG Dividends
Plug Power Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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.
Also, the Mutual Funds coming in first place with the largest holdings of Plug Power Inc (PLUG) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 28.46 shares. This amounts to just over 3.08 percent of the company’s overall shares, with a $46.95 million market value. The same data shows that the other fund manager holds slightly less at 22.05, or about 2.38% of the stock, which is worth about $36.38 million.
