Plug Power Inc [PLUG] stock is trading at $2.51, up 20.10%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The PLUG shares have gain 12.05% over the last week, with a monthly amount glided 16.74%, and 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.
Plug Power Inc [PLUG] stock has fluctuated between $1.60 and $6.95 over the past year. Currently, Wall Street analysts expect the stock to reach $24.22 within the next 12 months. Plug Power Inc [NASDAQ: PLUG] shares were valued at $2.51 at the most recent close of the market. An investor can expect a potential return of 864.94% based on the average PLUG price forecast.
Analyzing the PLUG fundamentals
Plug Power Inc [NASDAQ:PLUG] reported sales of 684.49M for the trailing twelve months, which represents a drop of -44.90%. Gross Profit Margin for this corporation currently stands at -0.95% with Operating Profit Margin at -1.66%, Pretax Profit Margin comes in at -2.18%, and Net Profit Margin reading is -2.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.48 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 2.23 points at the first support level, and at 1.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.67, and for the 2nd resistance point, it is at 2.82.
Ratios To Look Out For
For context, Plug Power Inc’s Current Ratio is 2.07. In addition, the Quick Ratio stands at 0.91 and the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 3.44, the price to book ratio is 0.66.
Transactions by insiders
Recent insider trading involved MSSB C/FGEORGE C MCNAMEEIRA RO, Officer, that happened on Nov 01 ’24 when 10000.0 shares were purchased. Director, MCNAMEE GEORGE C completed a deal on Aug 01 ’24 to sell 10000.0 shares. Meanwhile, Officer MSSB C/FGEORGE C MCNAMEEIRA RO bought 10000.0 shares on Aug 01 ’24.
