On Monday, Plug Power Inc (NASDAQ: PLUG) opened higher 5.80% from the last session, before settling in for the closing price of $2.24. Price fluctuations for PLUG have ranged from $1.60 to $7.11 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Industrials sector has jumped its sales by 39.11% annually for the last half of the decade. Company’s average yearly earnings per share was noted 48.10% at the time writing. With a float of $819.07 million, this company’s outstanding shares have now reached $879.64 million.
In an organization with 3868 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -95.05%, operating margin of -165.97%, and the pretax margin is -217.59%.
Plug Power Inc (PLUG) Insider Updates
A key investor’s attitude towards the stock of the Electrical Equipment & Parts industry is another important factor to consider. The insider ownership of Plug Power Inc is 6.89%, while institutional ownership is 49.41%. The most recent insider transaction that took place on Aug 01 ’24, was worth 23,719. In this transaction Director of this company sold 10,000 shares at a rate of $2.37, taking the stock ownership to the 683,444 shares. Before that another transaction happened on Aug 01 ’24, when Company’s Officer proposed sale 10,000 for $2.47, making the entire transaction worth $24,700.
Plug Power Inc (PLUG) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.47 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.3) by -0.17. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 48.10% per share during the next fiscal year.
Plug Power Inc (NASDAQ: PLUG) Trading Performance Indicators
Check out the current performance indicators for Plug Power Inc (PLUG). In the past quarter, the stock posted a quick ratio of 0.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.35, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach -0.56 in one year’s time.
Technical Analysis of Plug Power Inc (PLUG)
Let’s dig in a bit further. During the last 5-days, its volume was 40.21 million. That was better than the volume of 39.28 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 76.32%. Additionally, its Average True Range was 0.14.
During the past 100 days, Plug Power Inc’s (PLUG) raw stochastic average was set at 39.49%, which indicates a significant decrease from 100.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.08% in the past 14 days, which was higher than the 77.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.04, while its 200-day Moving Average is $2.84. However, in the short run, Plug Power Inc’s stock first resistance to watch stands at $2.43. Second resistance stands at $2.48. The third major resistance level sits at $2.60. If the price goes on to break the first support level at $2.26, it is likely to go to the next support level at $2.14. Assuming the price breaks the second support level, the third support level stands at $2.09.
Plug Power Inc (NASDAQ: PLUG) Key Stats
There are currently 742,559K shares outstanding in the company with a market cap of 2.08 billion. Presently, the company’s annual sales total 891,340 K according to its annual income of -1,369 M. Last quarter, the company’s sales amounted to 143,350 K and its income totaled -262,330 K.
