Plug Power Inc (NASDAQ:PLUG) shares traded -4.20% lower at $2.28 on Wall Street last session.
PLUG stock price is now 3.28% away from the 50-day moving average and -7.90% away from the 200-day moving average. The market capitalization of the company currently stands at $2.08B.
On April 05, 2024, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock keeping its target price maintained at $2, while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
In other news, MCNAMEE GEORGE C, Director sold 10,000 shares of the company’s stock on Nov 01 ’24. The stock was sold for $20,916 at an average price of $2.09. Upon completion of the transaction, the Director now directly owns 684,782 shares in the company, valued at $1.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01 ’24, Officer MSSB C/FGEORGE C MCNAMEEIRA RO bought 10,000 shares of the business’s stock. A total of $19,600 was incurred on buying the stock at an average price of $1.96. A total of 6.77% of the company’s stock is owned by insiders.
During the past 12 months, Plug Power Inc has had a low of $1.60 and a high of $5.14. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 2.08, and a quick ratio of 0.95. The fifty day moving average price for PLUG is $2.2076 and a two-hundred day moving average price translates $2.4757 for the stock.
The latest earnings results from Plug Power Inc (NASDAQ: PLUG) was released for 2024-09-30. The net profit margin was -214.05% and return on equity was -43.18% for PLUG. The company reported revenue of $173.73 million for the quarter, compared to $198.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -12.57 percent.
