In Tuesday’s Wall Street session, Plug Power Inc (NASDAQ:PLUG) shares traded at $1.81, up 2.84% from the previous session.
PLUG stock price is now -19.94% away from the 50-day moving average and -22.83% away from the 200-day moving average. The market capitalization of the company currently stands at $1.69B.
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 $1.24 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 6.79% of the company’s stock is owned by insiders.
During the past 12 months, Plug Power Inc has had a low of $1.57 and a high of $4.90. 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 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. For the current quarter, analysts expect PLUG to generate $264.12M in revenue.
