Plug Power Inc (NASDAQ: PLUG) is -22.07% lower on its value in year-to-date trading and has touched a low of $1.37 and a high of $4.90 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 $1.65 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $1.66, the stock is -0.66% and -16.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 48.64 million and changing 0.61% at the moment leaves the stock -25.53% off its SMA200. PLUG registered -53.11% loss for a year compared to 6-month loss of -14.43%. The firm has a 50-day simple moving average (SMA 50) of $1.9908 and a 200-day simple moving average (SMA200) of $2.2292.
The stock witnessed a 0.61% gain in the last 1 month and extending the period to 3 months gives it a -33.86%, and is -6.74% 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 8.31% over the week and 8.45% over the month.
Plug Power Inc (PLUG) has around 3224 employees, a market worth around $1.54B and $628.81M in sales. Profit margin for the company is -334.71%. Distance from 52-week low is 21.17% and -66.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-81.38%).
with sales reaching $128.67M over the same period.The EPS is expected to grow by 75.41% this year, but quarterly earnings will post 19.87% year-over-year. Quarterly sales are estimated to grow 6.99% in year-over-year returns.
Plug Power Inc (PLUG) Top Institutional Holders
609.0 institutions hold shares in Plug Power Inc (PLUG), with institutional investors hold 55.36% of the company’s shares. The shares outstanding are 913.90M, and float is at 864.11M with Short Float at 32.69%. Institutions hold 51.68% 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).
