Plug Power Inc. [NASDAQ: PLUG] loss -3.97% on the last trading session, reaching $25.87 price per share at the time. The company report on August 25, 2022 that Plug and Amazon Sign Green Hydrogen Agreement.
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Expected to Help Enable Plug to Achieve $3 Billion Revenue Goal by 2025.
Green Hydrogen Can Help Amazon Meet 2040 Net-Zero Carbon Commitment.
Plug Power Inc. represents 578.04 million in outstanding shares, while the company has a total market value of $15.59 billion with the latest information. PLUG stock price has been found in the range of $25.60 to $27.46.
If compared to the average trading volume of 22.26M shares, PLUG reached a trading volume of 18457223 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Plug Power Inc. [PLUG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLUG shares is $37.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLUG stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for Plug Power Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 02, 2022. While these analysts kept the previous recommendation, KeyBanc Capital Markets raised their target price to Overweight. The new note on the price target was released on June 30, 2022, representing the official price target for Plug Power Inc. stock. Previously, the target price had yet another raise to $18, while Piper Sandler analysts kept a Neutral rating on PLUG stock.
The Average True Range (ATR) for Plug Power Inc. is set at 1.99, with the Price to Sales ratio for PLUG stock in the period of the last 12 months amounting to 26.07. The Price to Book ratio for the last quarter was 3.44, with the Price to Cash per share for the same quarter was set at 4.93.
Trading performance analysis for PLUG stock
Plug Power Inc. [PLUG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.61. With this latest performance, PLUG shares gained by 7.30% in over the last four-week period, additionally plugging by 12.14% over the last 6 months – not to mention a drop of -4.71% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PLUG stock in for the last two-week period is set at 49.74, with the RSI for the last a single of trading hit 42.06, and the three-weeks RSI is set at 53.15 for Plug Power Inc. [PLUG]. The present Moving Average for the last 50 days of trading for this stock 22.41, while it was recorded at 27.51 for the last single week of trading, and 24.05 for the last 200 days.
Plug Power Inc. [PLUG]: A deeper dive into fundamental analysis
Plug Power Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 8.10 and a Current Ratio set at 9.10.
An analysis of insider ownership at Plug Power Inc. [PLUG]
There are presently around $7,844 million, or 55.80% of PLUG stock, in the hands of institutional investors. The top three institutional holders of PLUG stocks are: BLACKROCK INC. with ownership of 57,177,908, which is approximately 13.231% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 50,291,016 shares of the stock with an approximate value of $1.3 billion in PLUG stocks shares; and ALLIANZ ASSET MANAGEMENT GMBH, currently with $554.61 million in PLUG stock with ownership of nearly -4.025% of the company’s market capitalization.
Positions in Plug Power Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 261 institutional holders increased their position in Plug Power Inc. [NASDAQ:PLUG] by around 35,046,683 shares. Additionally, 266 investors decreased positions by around 30,735,027 shares, while 129 investors held positions by with 237,417,269 shares. The mentioned changes placed institutional holdings at 303,198,979 shares, according to the latest SEC report filing. PLUG stock had 60 new institutional investments in for a total of 6,325,031 shares, while 105 institutional investors sold positions of 8,434,225 shares during the same period.