Plug Power Inc (PLUG) kicked off at the price of $2.24: Venture capitalists have an exciting new opportunity

Plug Power Inc (NASDAQ: PLUG) kicked off on Monday, up 4.19% from the previous trading day, before settling in for the closing price of $2.15. Over the past 52 weeks, PLUG has traded in a range of $1.60-$6.95.

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

Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 39.11%. While this was happening, its average annual earnings per share was recorded 48.03%. With a float of $819.07 million, this company’s outstanding shares have now reached $879.64 million.

Considering the fact that the conglomerate employs 3868 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Plug Power Inc is 6.88%, while institutional ownership is 49.21%. 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) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 48.03% per share during the next fiscal year.

Plug Power Inc (NASDAQ: PLUG) Trading Performance Indicators

Take a look at Plug Power Inc’s (PLUG) current performance indicators. Last quarter, stock had a quick ratio of 0.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.88.

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)

Compared to the last year’s volume of 39.32 million, its volume of 41.12 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 39.84%. Additionally, its Average True Range was 0.15.

During the past 100 days, Plug Power Inc’s (PLUG) raw stochastic average was set at 36.78%, which indicates a significant decrease from 62.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.98% in the past 14 days, which was lower than the 77.16% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.05, while its 200-day Moving Average is $2.80. Nevertheless, the first resistance level for the watch stands at $2.29 in the near term. At $2.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.41. If the price goes on to break the first support level at $2.17, it is likely to go to the next support level at $2.10. Now, if the price goes above the second support level, the third support stands at $2.05.

Plug Power Inc (NASDAQ: PLUG) Key Stats

The company with the Market Capitalisation of 1.97 billion has total of 742,559K Shares Outstanding. Its annual sales at the moment are 891,340 K in contrast with the sum of -1,369 M annual income. Company’s last quarter sales were recorded 143,350 K and last quarter income was -262,330 K.