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Plug Power Inc (PLUG) Stock Could Soon Reward Patient Investors

Plug Power Inc (NASDAQ: PLUG) is -43.11% lower on its value in year-to-date trading and has touched a low of $2.25 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 $2.77 in the last trading session, with the day’s loss setting it -0.21%.

Currently trading at $2.56, the stock is -0.72% and -17.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 32.81 million and changing -7.58% at the moment leaves the stock -51.93% off its SMA200. PLUG registered -67.31% loss for a year compared to 6-month loss of -57.48%.

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The stock witnessed a -13.51% gain in the last 1 month and extending the period to 3 months gives it a -40.88%, and is -6.57% down 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 10.80% over the week and 7.93% over the month.

Plug Power Inc (PLUG) has around 3868 employees, a market worth around $1.78B and $801.32M in sales. Profit margin for the company is -181.96%. Distance from 52-week low is 13.78% and -80.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-39.23%).

The EPS is expected to grow by 50.36% this year.

Plug Power Inc (PLUG) Top Institutional Holders

The shares outstanding are 696.17M, and float is at 634.92M with Short Float at 30.14%.

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.

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