Plug Power Inc (NASDAQ: PLUG): Hunting Genuine Value In Market Debris

Currently, there are 684.25M common shares owned by the public and among those 624.05M shares have been available to trade.

The company’s stock has a 5-day price change of -7.96% and -22.31% over the past three months. PLUG shares are trading -35.78% year to date (YTD), with the 12-month market performance down to -69.22% lower. It has a 12-month low price of $2.26 and touched a high of $13.44 over the same period. PLUG has an average intraday trading volume of 43.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.90%, -20.89%, and -53.39% respectively.

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Institutional ownership of Plug Power Inc (NASDAQ: PLUG) shares accounts for 44.89% of the company’s 684.25M shares outstanding.

It has a market capitalization of $1.98B and a beta (3y monthly) value of 1.57. The earnings-per-share (ttm) stands at -$2.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.82% over the week and 6.98% over the month.

Analysts forecast that Plug Power Inc (PLUG) will achieve an EPS of $Pluri Inc. for the current quarter, $5.75 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $PAUG while analysts give the company a high EPS estimate of $ePlus inc.. Comparatively, EPS for the current quarter was $Platinum Group Metals Ltd. a year ago. Earnings per share for the fiscal year are expected to increase by 54.71%, and 47.30% over the next financial year.

Looking at the support for the PLUG, a number of firms have released research notes about the stock. Citigroup stated their Sell rating for the stock in a research note on April 05, 2024, with the firm’s price target at $2. Redburn Atlantic coverage for the Plug Power Inc (PLUG) stock in a research note released on February 06, 2024 offered a Neutral rating with a price target of $4.50. ROTH MKM on their part issued Buy rating on January 31, 2024.

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