The key reasons why Plug Power Inc (PLUG) is -69.37% away from 52-week high?

Witnessing the stock’s movement on the chart, on Thursday, Plug Power Inc (NASDAQ: PLUG) set off with pace as it heaved 2.40% to $2.13, before settling in for the price of $2.08 at the close. Taking a more long-term approach, PLUG posted a 52-week range of $1.60-$6.95.

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The Industrials Sector giants’ yearly sales growth during the last 5-year period was 39.11%. Meanwhile, its Annual Earning per share during the time was -45.13%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 48.10%. This publicly-traded company’s shares outstanding now amounts to $879.64 million, simultaneously with a float of $819.07 million. The organization now has a market capitalization sitting at $1.87 billion. At the time of writing, stock’s 50-day Moving Average stood at $2.05, while the 200-day Moving Average is $2.81.

Plug Power Inc (PLUG) Ownership Facts and Figures

Nothing is more important than checking the behaviour of major investors towards the stock of the Electrical Equipment & Parts industry. Plug Power Inc’s current insider ownership accounts for 6.89%, in contrast to 49.35% institutional ownership. According to the most recent insider trade that took place on Aug 01 ’24, this organization’s Director sold 10,000 shares at the rate of 2.37, making the entire transaction reach 23,719 in total value, affecting insider ownership by 683,444.

Plug Power Inc (PLUG) Earnings and Revenue Records

Plug Power Inc’s EPS increase for this current 12-month fiscal period is 48.10% and is forecasted to reach -0.56 in the upcoming year.

Plug Power Inc (NASDAQ: PLUG) Trading Performance Indicators

Let’s observe the current performance indicators for Plug Power Inc (PLUG). It’s Quick Ratio in the last reported quarter now stands at 0.91. The Stock has managed to achieve an average true range (ATR) of 0.15. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 2.74.

In the same vein, PLUG’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -2.35, a figure that is expected to reach -0.24 in the next quarter, and analysts are predicting that it will be -0.56 at the market close of one year from today.

Technical Analysis of Plug Power Inc (PLUG)

Going through the that latest performance of [Plug Power Inc, PLUG]. Its last 5-days volume of 46.46 million indicated improvement to the volume of 39.33 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 38.90% While, its Average True Range was 0.15.

Raw Stochastic average of Plug Power Inc (PLUG) in the period of the previous 100 days is set at 29.94%, which indicates a major fall in contrast to 39.55% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 82.97% that was higher than 78.14% volatility it exhibited in the past 100-days period.