Taking into account all relevant factors, Plug Power Inc. (NASDAQ:PLUG) scores 100% Buy on the technical side. The share price is also flashing a Buy from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for PLUG averaged 100% Buy with an average daily trading volume over the past 20 days at 14286048 shares. Those using medium-term investment strategies, the shares have overall a 1% Buy signal while the 50-day average daily volume remained almost 12776979 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was 8647507 shares, is signaling100% Buy for long term investors.
The stock is lingering around the initial support level of $4.02. After this, the following support is at the zone of $3.84. Up until the time the PLUG stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 72.48 on the daily chart, and this may be a cause for concern. In case the price goes below $3.84 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $4.31 level may cause a pull-back move approaching $4.41 mark.
Let’s take a glimpse at some insider activity at Plug Power Inc. (NASDAQ:PLUG) and observe the pattern. The earliest insider trade happened on 01/06/2020. Conway Gerard L JR parted with a total of 100 thousand shares of the firm at average share price of $3.5. The total amount for the sale was set at $350 thousand. On completing this exchange, the Gen.Counsel, Corp. Sec.,Sr. VP account balance was 46.3 thousand shares. The stock grew 18 percent from that insider sale. On 03/18/2019, MCNAMEE GEORGE C, Director, did a purchase of 100 thousand shares at a price of $2.34 per share. This increased 234 thousand shares to the insider’s fortune and the stock experienced a 76.5 percent rally in price since the news became public. This exchange saw 826.28 thousand shares get into the Director account. On 03/14/2019, President & CEO Marsh Andrew recorded a purchase transaction valued at $29.98 thousand. The purchase at $2.44 a share has added 12.29 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed 69.26 percent increase since the transaction reporting date. The company insider is left with 465.15 thousand shares remaining in the account. Conway Gerard L JR, who works as GC, Corp Secretary & Senior VP at the company, performed a sale of 100 thousand shares in a transaction worth $186 thousand. The disposal recorded on 10/15/2018 was priced at $1.86 per share. The stock price soared 122.04 percent since the transaction. Conway Gerard L JR currently holds a stake of 10.52 thousand in PLUG stock which is worth $45.23 thousand after the insider selling.
In the recent trading session, Plug Power Inc. (NASDAQ:PLUG) shares gained 2.26% or 0.1 points to reach at $4.3 with a thin trading volume of 3.724 million shares. It opened the trading session at $4, the shares rose to $4.235 and dropped to $3.95, the range by which the price of stock traded the whole session. The company now has a market cap of $1.23 billion and currently has 292.61 million outstanding shares. Plug Power Inc. (PLUG) stock has accumulated 35.92 percent of market value in 21 trading days.
Stock analysts at B. Riley FBR lifted target price for Plug Power Inc. (NASDAQ:PLUG) shares but reaffirmed their Buy recommendation for the stock in their opinion released on November 25. The price target has been increased from $3.50 to $6. ROTH Capital analysts bumped their recommendation on PLUG stock from prior rating of Neutral to Buy in a separate flash note to investors on November 11.
PLUG stock’s trailing 3-year beta is 1.55, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was -$0.4 share in the trailing 52 weeks. The stock’s value surged 32.91 percent year to date (YTD) compared to a rise of 202.16 percent in 52 week’s period. The firm’s shares are still trading -2.83 percent below its 1-year high of $4.42 and 227.86 percent up from 52-week low of $1.31. The average consensus ranking on the company is 1.9, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Plug Power Inc. (PLUG) shares are trading at a P/E ratio of -10.39 times earnings posted in the trailing 12 months. The industry PLUG deals with has an average P/E of 46.95. Its P/B ratio is standing at -10.34X compared to the 15.1 industry average. It is additionally sporting a 3.27 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.3. Plug Power Inc. has a 6.9% gross profit margin, with its operating margin around -32.3%. Alongside this, the company’s net profit margin currently stands at -47.2%.
Past records have indicated that shares in Plug Power Inc. declined on 28 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of PLUG’s Q4 earnings on March 04. Analysts are predicting revenue to climb 52.2 percent to $94.53M in the financial fourth quarter, while EPS will soar by about -12.5 percent to -$0.07 per share. In the last quarter, it’s earnings of -$0.09 per share came better than the -$0.09667, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $59.82M, topping the $58.4M analysts had expected. Earnings are seen to rise by 40.7 percent this year, 27.8 percent in the coming year and the trend continues by 25 percent every year in the next 5 years.