Plug Power Inc (NASDAQ: PLUG) is -23.56% lower on its value in year-to-date trading and has touched a low of $2.26 and a high of $13.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLUG stock was last observed hovering at around $3.44 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $3.44, the stock is -3.08% and -6.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.21 million and changing 0.00% at the moment leaves the stock -47.18% off its SMA200. PLUG registered -68.81% loss for a year compared to 6-month loss of -54.56%. The firm has a 50-day simple moving average (SMA 50) of $3.58 and a 200-day simple moving average (SMA200) of -$2.53.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -2.55% gain in the last 1 month and extending the period to 3 months gives it a -26.96%, and is 0.88% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.83% over the week and 8.73% over the month.
Plug Power Inc (PLUG) has around 3868 employees, a market worth around $2.35B and $891.34M in sales. Profit margin for the company is -153.57%. Distance from 52-week low is 52.04% and -74.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-36.92%).
Plug Power Inc quarterly earnings per share for the current quarter are estimated at -$0.33 with sales reaching $179.2M over the same period.The EPS is expected to grow by 56.07% this year, but quarterly earnings will post 13.10% year-over-year. Quarterly sales are estimated to shrink -14.80% in year-over-year returns.
Plug Power Inc (PLUG) Top Institutional Holders
689 institutions hold shares in Plug Power Inc (PLUG), with institutional investors hold 51.10% of the company’s shares. The shares outstanding are 684.25M, and float is at 616.28M with Short Float at 27.94%. Institutions hold 46.61% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 54.36 million shares valued at $564.83 million. The investor’s holdings represent 9.03% of the PLUG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 48.88 million shares valued at $507.86 million to account for 8.12% of the shares outstanding. The other top investors are BNP Paribas Asset Management Holding S.A. which holds 22.18 million shares representing 3.68% and valued at over $230.42 million, while Norges Bank Investment Management holds 2.84% of the shares totaling 17.07 million with a market value of $211.18 million.
Plug Power Inc (PLUG) Insider Activity
The most recent transaction is an insider sale by Crespo Jose Luis,the company’sGM, MATL Handling, Key Accts. SEC filings show that Crespo Jose Luis sold 31,958 shares of the company’s common stock on Oct 02 ’23 at a price of $7.20 per share for a total of $0.23 million. Following the sale, the insider now owns 0.25 million shares.
