While Plug Power Inc has overperformed by 4.92%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLUG fell by -57.33%, with highs and lows ranging from $3.34 to $0.69, whereas the simple moving average fell by -27.49% in the last 200 days.
On January 27, 2025, Seaport Research Partners Downgraded Plug Power Inc (NASDAQ: PLUG) to Sell. A report published by BTIG Research on November 14, 2024, Downgraded its rating to ‘Neutral’ for PLUG. Citigroup also Downgraded PLUG shares as ‘Sell’, setting a target price of $2 on the company’s shares in a report dated April 05, 2024. Redburn Atlantic Initiated an Neutral rating on February 06, 2024, and assigned a price target of $4.50. UBS February 06, 2024d its ‘Buy’ rating to ‘Neutral’ for PLUG, as published in its report on February 06, 2024. ROTH MKM also rated the stock as ‘Buy’.
Analysis of Plug Power Inc (PLUG)
Further, the quarter-over-quarter increase in sales is 11.15%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Plug Power Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -83.81% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.07, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and PLUG is recording an average volume of 107.94M. On a monthly basis, the volatility of the stock is set at 8.96%, whereas on a weekly basis, it is put at 12.25%, with a gain of 40.54% over the past seven days. Furthermore, long-term investors anticipate a median target price of $1.78, showing growth from the present price of $1.28, which can serve as yet another indication of whether PLUG is worth investing in or should be passed over.
How Do You Analyze Plug Power Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.57%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 45.55% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
