At the time of writing, Plug Power Inc [PLUG] stock is trading at $2.64, up 1.93%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PLUG shares have gain 13.30% over the last week, with a monthly amount drifted -12.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Plug Power Inc [NASDAQ: PLUG] stock has seen the most recent analyst activity on April 05, 2024, when Citigroup downgraded its rating to a Sell but kept the price target unchanged to $2 for it. Previously, Redburn Atlantic started tracking the stock with Neutral rating on February 06, 2024, and set its price target to $4.50. On February 06, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $4.75 on the stock. Seaport Research Partners downgraded its rating to a Neutral. ROTH MKM upgraded its rating to a Buy and raised its price target to $9 on January 31, 2024. BMO Capital Markets downgraded its rating to Underperform for this stock on January 24, 2024, and downed its price target to $2.50. In a note dated January 11, 2024, Susquehanna downgraded an Neutral rating on this stock but restated the target price of $4.50.
For the past year, the stock price of Plug Power Inc fluctuated between $2.21 and $13.44. Currently, Wall Street analysts expect the stock to reach $25.23 within the next 12 months. Plug Power Inc [NASDAQ: PLUG] shares were valued at $2.64 at the most recent close of the market. An investor can expect a potential return of 855.68% based on the average PLUG price forecast.
Analyzing the PLUG fundamentals
According to Plug Power Inc [NASDAQ:PLUG], the company’s sales were 801.32M for trailing twelve months, which represents an -42.81% plunge. Gross Profit Margin for this corporation currently stands at -0.75% with Operating Profit Margin at -1.42%, Pretax Profit Margin comes in at -1.83%, and Net Profit Margin reading is -1.82%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.45 and Total Capital is -0.29. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.56 points at the first support level, and at 2.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.72, and for the 2nd resistance point, it is at 2.79.
Ratios To Look Out For
It is important to note that Plug Power Inc [NASDAQ:PLUG] has a current ratio of 1.94. As well, the Quick Ratio is 0.87, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 2.45, the price to book ratio is 0.62.
Transactions by insiders
Recent insider trading involved MCNAMEE GEORGE C, Director, that happened on May 10 ’24 when 10000.0 shares were sold. GM, MATL Handling, Key Accts, Crespo Jose Luis completed a deal on Oct 02 ’23 to sell 31958.0 shares.
