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

Plug Power Inc (NASDAQ: PLUG) on Monday, soared 12.18% from the previous trading day, before settling in for the closing price of $2.38. Within the past 52 weeks, PLUG’s price has moved between $1.60 and $5.14.

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During the last 5-year period, the sales growth of Industrials Sector giant was 39.11%. The company achieved an average annual earnings per share of 46.57%. With a float of $847.31 million, this company’s outstanding shares have now reached $880.45 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

Observing investor behavior towards Electrical Equipment & Parts industry stocks is more important than anything else. The insider ownership of Plug Power Inc is 7.01%, while institutional ownership is 51.16%. 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

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

Plug Power Inc (PLUG) is currently performing well based on its current performance indicators. A quick ratio of 0.95 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.69.

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 110.54 million, which is a jump from its year-to-date volume of 43.48 million. As of the previous 9 days, the stock’s Stochastic %D was 76.99%. Additionally, its Average True Range was 0.23.

During the past 100 days, Plug Power Inc’s (PLUG) raw stochastic average was set at 84.92%, which indicates a significant increase from 80.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 115.59% in the past 14 days, which was higher than the 98.17% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.12, while its 200-day Moving Average is $2.56. However, in the short run, Plug Power Inc’s stock first resistance to watch stands at $2.88. Second resistance stands at $3.08. The third major resistance level sits at $3.31. If the price goes on to break the first support level at $2.45, it is likely to go to the next support level at $2.22. Now, if the price goes above the second support level, the third support stands at $2.02.

Plug Power Inc (NASDAQ: PLUG) Key Stats

Market capitalization of the company is 2.43 billion based on 911,197K outstanding shares. Right now, sales total 891,340 K and income totals -1,369 M. The company made 173,730 K in profit during its latest quarter, and -211,170 K in sales during its previous quarter.