Plug Power Inc (NASDAQ:PLUG) price on current trading day, rose 8.04% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.21.
A look at the stock’s price movement, the close in the last trading session was $1.12, moving within a range at $1.11 and $1.22. The beta value (5-Year monthly) was 2.073. Turning to its 52-week performance, $4.90 and $1.08 were the 52-week high and 52-week low respectively. Overall, PLUG moved -27.54% over the past month.
Plug Power Inc’s market cap currently stands at around $1.18 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-02.
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 -15.46% and -24.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.05, while 7-day volatility ratio is 12.68% and 8.06% in the 30-day chart. Further, Plug Power Inc (PLUG) has a beta value of 2.07, and an average true range (ATR) of 0.13. 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 9.09% off current price level while to achieve the yearly target high, price needs to move -106.61%. Nonetheless, investors will most likely welcome a -40.5% 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 50.55 over the past 10 days and 62.12 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 48.27% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 282.34 million on 2025-03-14, giving us a short ratio of 4.53. The data shows that as of 2025-03-14 short interest in Plug Power Inc (PLUG) stood at 3062.9998000000005 of shares outstanding, with shares short falling to 286.4 million registered in 2025-02-14. Current price change has pushed the stock -43.19% 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.
