Plug Power Inc (NASDAQ:PLUG) price is hovering lower on Tuesday, April 16, dropping -2.46% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $2.85. Taking into account the 52-week price action we note that the stock hit a 52-week high of $13.44 and 52-week low of $2.26. The stock subtracted -16.52% on its value in the past month.
Plug Power Inc, which has a market valuation of $1.90 billion. Analysts tracking PLUG have forecast the quarterly EPS to shrink by -0.33 per share this quarter, while the same analysts predict the annual EPS to hit -$1.01 for the year 2024 and up to -$0.56 for 2025. In this case, analysts estimate an annual EPS growth of 56.10% for the year and 44.60% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $172.93 million, with the likely lows of $142.8 million and highs of $236.39 million. The average estimate suggests sales growth for the quarter will likely fall by -17.80% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 12.40% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give PLUG a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that PLUG’s price is at present -14.04% off the SMA20 and -22.45% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.08, with weekly volatility standing at 5.71%. The indicator jumps to 6.93% when calculated based on the past 30 days. Plug Power Inc (NASDAQ:PLUG)’s beta value is holding at 1.59, while the average true range (ATR) indicator is currently reading 0.24.
An analysis of the Plug Power Inc (NASDAQ:PLUG) stock in terms of its daily trading volume indicates that the 3-month average is 43.26 million.
Current records show that the company has 684.25M in outstanding shares. The insiders’ percentage holdings are 8.80% of outstanding shares while the percentage share held by institutions stands at 44.89%. But the -38.22% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
