Plug Power Inc (NASDAQ: PLUG) is -51.11% lower on its value in year-to-date trading and has touched a low of $1.60 and a high of $5.14 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 $1.92 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $2.20, the stock is 7.74% and 5.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 105.89 million and changing 14.58% at the moment leaves the stock -16.35% off its SMA200. PLUG registered -36.60% loss for a year compared to 6-month loss of -32.31%. The firm has a 50-day simple moving average (SMA 50) of $2.0796 and a 200-day simple moving average (SMA200) of $2.6408.
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The stock witnessed a 2.33% gain in the last 1 month and extending the period to 3 months gives it a 6.28%, and is 10.55% 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 7.91% over the week and 9.39% over the month.
Plug Power Inc (PLUG) has around 3868 employees, a market worth around $2.04B and $659.50M in sales. Profit margin for the company is -214.05%. Distance from 52-week low is 37.50% and -57.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.79%).
with sales reaching $274.05M over the same period.The EPS is expected to grow by 46.57% this year, but quarterly earnings will post -19.85% year-over-year. Quarterly sales are estimated to grow 23.36% in year-over-year returns.
Plug Power Inc (PLUG) Top Institutional Holders
600.0 institutions hold shares in Plug Power Inc (PLUG), with institutional investors hold 51.76% of the company’s shares. The shares outstanding are 911.20M, and float is at 848.66M with Short Float at 26.42%. Institutions hold 48.33% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 69.97 million shares valued at $163.02 million. The investor’s holdings represent 10.9108% of the PLUG Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 62.35 million shares valued at $145.28 million to account for 9.7236 of the shares outstanding. The other top investors are NORGES BANK which holds 28.7 million shares representing 4.4758% and valued at over $66.87 million, while MORGAN STANLEY holds 4.037 of the shares totaling 25.89 million with a market value of $60.32 million.
Plug Power Inc (PLUG) Insider Activity
The most recent transaction is an insider sale by MCNAMEE GEORGE C, the company’s Director. SEC filings show that MCNAMEE GEORGE C sold 10,000 shares of the company’s common stock on Nov 01 ’24 at a price of $2.09 per share for a total of $20916.0. Following the sale, the insider now owns 0.68 million shares.
Still, SEC filings show that on Aug 01 ’24, MCNAMEE GEORGE C (Director) disposed off 10,000 shares at an average price of $2.37 for $23719.0. The insider now directly holds 683,444 shares of Plug Power Inc (PLUG).
