In Monday’s Wall Street session, Plug Power Inc (NASDAQ:PLUG) shares traded at $1.25, up 2.05% from the previous session.
PLUG stock price is now -24.21% away from the 50-day moving average and -40.78% away from the 200-day moving average. The market capitalization of the company currently stands at $1.21B.
With the price target maintained at $1, Seaport Research Partners recently Downgraded its rating from Neutral to Sell for Plug Power Inc (NASDAQ: PLUG). , while ‘Citigroup’ rates the stock as ‘Sell’
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 $0.86 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 6.60% of the company’s stock is owned by insiders.
During the past 12 months, Plug Power Inc has had a low of $1.08 and a high of $4.90. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 1.97, and a quick ratio of 1.06. The fifty day moving average price for PLUG is $1.6428 and a two-hundred day moving average price translates $2.1023 for the stock.
The latest earnings results from Plug Power Inc (NASDAQ: PLUG) was released for 2024-12-31. The net profit margin was -334.71% and return on equity was -90.88% for PLUG. The company reported revenue of $191.47 million for the quarter, compared to $222.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.81 percent.
