At the time of writing, Plug Power Inc [PLUG] stock is trading at $2.38, down -2.86%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PLUG shares have gain 6.25% over the last week, with a monthly amount glided 20.81%, 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 November 14, 2024, when BTIG Research downgraded its rating to a Neutral. Previously, Citigroup downgraded its rating to Sell on April 05, 2024, and kept the price target unchanged to $2. On February 06, 2024, Redburn Atlantic initiated with a Neutral rating and assigned a price target of $4.50 on the stock. UBS downgraded its rating to a Neutral but stick to its price target of $4.75 on February 06, 2024. Seaport Research Partners downgraded its rating to a Neutral. ROTH MKM upgraded its rating to Buy for this stock on January 31, 2024, and upped its price target to $9. In a note dated January 24, 2024, BMO Capital Markets downgraded an Underperform rating on this stock and revised its target price from $3.50 to $2.50.
For the past year, the stock price of Plug Power Inc fluctuated between $1.60 and $5.14. Currently, Wall Street analysts expect the stock to reach $2.79 within the next 12 months. Plug Power Inc [NASDAQ: PLUG] shares were valued at $2.38 at the most recent close of the market. An investor can expect a potential return of 17.23% based on the average PLUG price forecast.
Analyzing the PLUG fundamentals
According to Plug Power Inc [NASDAQ:PLUG], the company’s sales were 659.50M for trailing twelve months, which represents an -12.57% plunge. Gross Profit Margin for this corporation currently stands at -0.93% with Operating Profit Margin at -1.65%, Pretax Profit Margin comes in at -2.14%, and Net Profit Margin reading is -2.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.3, Equity is -0.48 and Total Capital is -0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.07.
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 2.29 points at the first support level, and at 2.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.53, and for the 2nd resistance point, it is at 2.67.
Ratios To Look Out For
It is important to note that Plug Power Inc [NASDAQ:PLUG] has a current ratio of 2.08. Further, the Quick Ratio stands at 0.95, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 3.19, the price to book ratio is 0.69.
Transactions by insiders
Recent insider trading involved MCNAMEE GEORGE C, Director, that happened on Nov 01 ’24 when 10000.0 shares were sold. Officer, MSSB C/FGEORGE C MCNAMEEIRA RO completed a deal on Nov 01 ’24 to buy 10000.0 shares. Meanwhile, Director MCNAMEE GEORGE C sold 10000.0 shares on Aug 01 ’24.
