Plug Power Inc (NASDAQ:PLUG) price on current trading day, fall -2.47% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.58.
A look at the stock’s price movement, the close in the last trading session was $1.62, moving within a range at $1.55 and $1.675. The beta value (5-Year monthly) was 1.983. Turning to its 52-week performance, $4.90 and $1.37 were the 52-week high and 52-week low respectively. Overall, PLUG moved -12.71% over the past month.
Plug Power Inc’s market cap currently stands at around $1.46 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-02.
Analysts have a consensus estimate of 132.07M for the company’s revenue for the quarter, with a low and high estimate of 130M and 136M respectively. The average forecast suggests up to a 9.81% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 707.09M, representing a 12.45% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PLUG is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 8 recommend PLUG as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PLUG’s current price about -4.18% and -18.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.86, while 7-day volatility ratio is 6.75% and 8.38% in the 30-day chart. Further, Plug Power Inc (PLUG) has a beta value of 1.99, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $1.7000000000000002, forecast between a low of $1.1 and high of $2.5. Looking at the price targets, the low is 30.38% off current price level while to achieve the yearly target high, price needs to move -58.23%. Nonetheless, investors will most likely welcome a -7.59% jump to $1.7000000000000002 which is the analysts’ median price.
If we refocus on Plug Power Inc (NASDAQ:PLUG), historical trading data shows that trading volumes averaged 64.42 over the past 10 days and 65.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 913.90 million shares.
The 6.60% of Plug Power Inc’s shares are in the hands of company insiders while institutional holders own 50.67% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 282.44 million on 2025-02-28, giving us a short ratio of 4.88. The data shows that as of 2025-02-28 short interest in Plug Power Inc (PLUG) stood at 3064.0 of shares outstanding, with shares short rising to 256.14 million registered in 2025-01-31. Current price change has pushed the stock -25.82% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PLUG stock continues to rise going into the next quarter.
