Plug Power Inc (NASDAQ: PLUG) is 34.74% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PLUG stock was last observed hovering at around $2.67 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $2.87, the stock is 14.94% and 26.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 73.15 million and changing 7.49% at the moment leaves the stock 17.10% off its SMA200. PLUG registered -31.67% loss for a year compared to 6-month loss of -2.05%. The firm has a 50-day simple moving average (SMA 50) of $2.2736 and a 200-day simple moving average (SMA200) of $2.45095.
The stock witnessed a 7.49% gain in the last 1 month and extending the period to 3 months gives it a 40.69%, and is 23.18% 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 15.39% over the week and 10.61% over the month.
Plug Power Inc (PLUG) has around 3868 employees, a market worth around $2.62B and $659.50M in sales. Profit margin for the company is -214.05%. Distance from 52-week low is 79.37% and -44.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-37.79%).
with sales reaching $274.06M over the same period.The EPS is expected to grow by 46.24% 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
598.0 institutions hold shares in Plug Power Inc (PLUG), with institutional investors hold 52.35% of the company’s shares. The shares outstanding are 880.45M, and float is at 849.44M with Short Float at 24.12%. Institutions hold 48.81% 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).
