In yesterday’s Wall Street session, Plug Power Inc (NASDAQ:PLUG) shares traded at $2.51, up 20.10% from the previous session.
PLUG stock price is now 22.73% away from the 50-day moving average and -9.65% away from the 200-day moving average. The market capitalization of the company currently stands at $2.35B.
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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, MSSB C/FGEORGE C MCNAMEEIRA RO, Officer bought 10,000 shares of the company’s stock on Nov 01 ’24. The stock was bought for $19,600 at an average price of $1.96. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 01 ’24, Director MCNAMEE GEORGE C sold 10,000 shares of the business’s stock. A total of $23,719 was realized by selling the stock at an average price of $2.37. This leaves the insider owning 683,444 shares of the company worth $1.72 million. A total of 6.87% 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 $6.95. As of last week, the company has a debt-to-equity ratio of 0.31, a current ratio of 2.07, and a quick ratio of 0.91. The fifty day moving average price for PLUG is $2.039 and a two-hundred day moving average price translates $2.77905 for the stock.
The latest earnings results from Plug Power Inc (NASDAQ: PLUG) was released for 2024-06-30. The net profit margin was -216.80% and return on equity was -44.12% for PLUG. The company reported revenue of $143.35 million for the quarter, compared to $260.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -44.9 percent.
