Let’s look at the key reasons that are pushing Plug Power Inc (PLUG) to new highs

On Monday, Plug Power Inc (NASDAQ: PLUG) was 14.58% up from the session before settling in for the closing price of $1.92. A 52-week range for PLUG has been $1.60 – $5.14.

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During the last 5-year period, the sales growth of Industrials Sector giant was 39.11%. When this article was written, the company’s average yearly earnings per share was at 46.57%. With a float of $848.66 million, this company’s outstanding shares have now reached $911.20 million.

Let’s determine the extent of company efficiency that accounts for 3868 employees. In terms of profitability, gross margin is -92.89%, operating margin of -164.91%, and the pretax margin is -214.14%.

Plug Power Inc (PLUG) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Plug Power Inc stocks. The insider ownership of Plug Power Inc is 6.86%, while institutional ownership is 51.11%. The most recent insider transaction that took place on Nov 01 ’24, was worth 20,916. In this transaction Director of this company sold 10,000 shares at a rate of $2.09, taking the stock ownership to the 684,782 shares. Before that another transaction happened on Nov 01 ’24, when Company’s Officer proposed sale 10,000 for $1.96, making the entire transaction worth $19,600.

Plug Power Inc (PLUG) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -0.64 earnings per share (EPS) during the time that was less than consensus figure (set at -0.42) by -0.22. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.19 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 46.57% per share during the next fiscal year.

Plug Power Inc (NASDAQ: PLUG) Trading Performance Indicators

You can see what Plug Power Inc (PLUG) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.95. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.04.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.12, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.62 in one year’s time.

Technical Analysis of Plug Power Inc (PLUG)

Looking closely at Plug Power Inc (NASDAQ: PLUG), its last 5-days average volume was 62.42 million, which is a jump from its year-to-date volume of 41.77 million. As of the previous 9 days, the stock’s Stochastic %D was 54.19%. Additionally, its Average True Range was 0.19.

During the past 100 days, Plug Power Inc’s (PLUG) raw stochastic average was set at 34.48%, which indicates a significant decrease from 89.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 128.08% in the past 14 days, which was higher than the 93.56% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.0800, while its 200-day Moving Average is $2.6300. However, in the short run, Plug Power Inc’s stock first resistance to watch stands at $2.3200. Second resistance stands at $2.4300. The third major resistance level sits at $2.6200. If the price goes on to break the first support level at $2.0200, it is likely to go to the next support level at $1.8300. Now, if the price goes above the second support level, the third support stands at $1.7200.

Plug Power Inc (NASDAQ: PLUG) Key Stats

There are 911,197K outstanding shares of the company, which has a market capitalization of 2.00 billion. As of now, sales total 891,340 K while income totals -1,369 M. Its latest quarter income was 173,730 K while its last quarter net income were -211,170 K.