The stock of Plug Power Inc (NASDAQ:PLUG) last traded at $3.12, down -0.64% from the previous session.
PLUG stock price is now -15.48% away from the 50-day moving average and -50.69% away from the 200-day moving average. The market capitalization of the company currently stands at $2.13B.
With the price target maintained at $2, Citigroup recently Downgraded its rating from Neutral to Sell for Plug Power Inc (NASDAQ: PLUG). On February 06, 2024, Redburn Atlantic recently initiated its ‘Neutral’ rating on the stock quoting a target price of $4.50, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Crespo Jose Luis, GM, MATL Handling, Key Accts sold 31,958 shares of the company’s stock on Oct 02 ’23. The stock was sold for $230,098 at an average price of $7.20. Upon completion of the transaction, the GM, MATL Handling, Key Accts now directly owns 250,609 shares in the company, valued at $0.78 million. A total of 9.94% of the company’s stock is owned by insiders.
During the past 12 months, Plug Power Inc has had a low of $2.26 and a high of $13.44. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.85, and a quick ratio of 0.86. The fifty day moving average price for PLUG is $3.6860 and a two-hundred day moving average price translates $6.2942 for the stock.
The latest earnings results from Plug Power Inc (NASDAQ: PLUG) was released for Dec, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$1.08, missing analysts’ expectations of -$0.44 by -0.64. This compares to -$0.38 EPS in the same period last year. The net profit margin was -153.57% and return on equity was -39.34% for PLUG. The company reported revenue of $222.16 million for the quarter, compared to $220.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.64 percent. For the current quarter, analysts expect PLUG to generate $179.2M in revenue.
