The price of Plug Power Inc (NASDAQ:PLUG) shares last traded on Wall Street fell -3.61% to $2.40.
PLUG stock price is now -15.65% away from the 50-day moving average and -35.91% away from the 200-day moving average. The market capitalization of the company currently stands at $1.97B.
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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, MCNAMEE GEORGE C, Director sold 10,000 shares of the company’s stock on May 10 ’24. The stock was sold for $25,576 at an average price of $2.56. Upon completion of the transaction, the Director now directly owns 639,572 shares in the company, valued at $1.53 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02 ’23, GM, MATL Handling, Key Accts Crespo Jose Luis sold 31,958 shares of the business’s stock. A total of $230,098 was realized by selling the stock at an average price of $7.20. This leaves the insider owning 250,609 shares of the company worth $0.6 million. A total of 8.16% of the company’s stock is owned by insiders.
During the past 12 months, Plug Power Inc has had a low of $2.21 and a high of $13.17. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 1.94, and a quick ratio of 0.87. The fifty day moving average price for PLUG is $2.8254 and a two-hundred day moving average price translates $3.7211 for the stock.
The latest earnings results from Plug Power Inc (NASDAQ: PLUG) was released for 2024-03-31. The net profit margin was -181.96% and return on equity was -42.57% for PLUG. The company reported revenue of $120.26 million for the quarter, compared to $210.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -42.81 percent.
