Plug Power Inc (NASDAQ:PLUG) shares, rose in value on Thursday, March 27, with the stock price down by -1.37% to the previous day’s close as strong demand from buyers drove the stock to $1.44.
Actively observing the price movement in the last trading, the stock closed the session at $1.46, falling within a range of $1.41 and $1.47. The value of beta (5-year monthly) was 1.983. Referring to stock’s 52-week performance, its high was $4.90, and the low was $1.37. On the whole, PLUG has fluctuated by -14.29% over the past month.
With the market capitalization of Plug Power Inc currently standing at about $1.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-02.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 739.75M, with a low estimate of 126.64M and a high estimate of 139.27M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 130.82M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PLUG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of PLUG currently trading nearly -10.53% and -19.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.03, while the 7-day volatility ratio is showing 5.66% which for the 30-day chart, stands at 8.11%. Furthermore, Plug Power Inc (PLUG)’s beta value is 2.06, and its average true range (ATR) is 0.12.
A comparison of Plug Power Inc (PLUG) with its peers suggests the former has fared considerably weaker in the market. PLUG showed an intraday change of -1.37% in last session, and over the past year, it shrunk by -56.76%%.
Data on historical trading for Plug Power Inc (NASDAQ:PLUG) indicates that the trading volumes over the past 10 days have averaged 56.36 and over the past 3 months, they’ve averaged 65.97 million. According to company’s latest data on outstanding shares, there are 913.90 million shares outstanding.
Nearly 6.60% of Plug Power Inc’s shares belong to company insiders and institutional investors own 48.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 282.34 million shares as on 2025-03-14, resulting in a short ratio of 4.53. According to the data, the short interest in Plug Power Inc (PLUG) stood at 3063.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 286.4 million. The stock has fallen by -32.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PLUG stock heading into the next quarter.
