It makes sense and dollars to buy Plug Power Inc (PLUG) stock

With 36.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 45.92 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $4.1000 whereas the lowest price it dropped to was $3.6100. The 52-week range on PLUG shows that it touched its highest point at $14.07 and its lowest point at $2.26 during that stretch. It currently has a 1-year price target of $5.42. Beta for the stock currently stands at 1.55.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLUG was down-trending over the past week, with a drop of -5.18%, but this was down by -12.65% over a month. Three-month performance dropped to -10.51% while six-month performance fell -54.02%. The stock lost -71.89% in the past year, while it has lost -18.67% so far this year. A look at the trailing 12-month EPS for PLUG yields -2.28 with Next year EPS estimates of -0.53. For the next quarter, that number is -0.33. This implies an EPS growth rate of 56.39% for this year and 47.37% for next year.

Float and Shares Shorts:

At present, 684.25 million PLUG shares are outstanding with a float of 616.28 million shares on hand for trading. On Feb 15, 2024, short shares totaled 170.84 million, which was 28.21% higher than short shares on Jan 12, 2024. In addition to PLUG as the firm’s Plug Power, Inc., PLUR serves as its Pluri Inc.

Institutional Ownership:

Through their ownership of 46.56% of PLUG’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLUG since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, PLUG has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PLUG currently yields $0.00. In the past year, PLUG’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, PLUG has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.