Technology

Share Rating Recap: Plug Power Inc (PLUG)

Plug Power Inc (NASDAQ:PLUG) shares traded 8.78% up during most recent session to reach at the closing price of $2.23. The stock exchanged hands 14.41 Million shares versus average trading capacity of 11.55 Million shares, yielding a market cap of $458.11 Million. Wall Street analysts covering the stock are projecting that the stock will reach $2.84 within the next 52-weeks. The mean target projections are based on 6 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Plug Power Inc (NASDAQ:PLUG) high price target of $4 and with a conservative view have low price target of $1.3.

Roth Capital “Downgrades” Plug Power Inc (NASDAQ:PLUG) in a research note issued to investors on 5/17/17 to Sell with price target of $0.

Additionally on 12/06/16 Rodman & Renshaw “Initiates Coverage On” Plug Power Inc (NASDAQ:PLUG) to Buy setting price target at $3 and on 3/14/16 Roth Capital “Maintained” the stock to Neutral at $2. Furthermore on 2/03/16 Roth Capital “Assumes” the stock to Neutral.

On the other hand the company has Relative Strength Index (RSI 14) of 60.39 along with Average True Range (ATR 14) of 0.13, Consequently Plug Power Inc (NASDAQ:PLUG)’s weekly and monthly volatility is 6.59%, 6.20% respectively. The company’s beta value is at 1.71.

In terms of Buy, Sell or Hold recommendations, Plug Power Inc (NASDAQ:PLUG) has analysts’ mean recommendation of 2.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Plug Power Inc (NASDAQ:PLUG)’s minimum EPS for the current quarter is at $-0.08 and can go high up to $-0.03. The consensus mean EPS for the current quarter is at $-0.06 derived from a total of 6 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.07 earnings per share for the same quarter during last year.

Previously Plug Power Inc (NASDAQ:PLUG) reported $-0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.07 by $-0.06. The company posted an earnings surprise of -85.7%.

Plug Power Inc (NASDAQ:PLUG)’s revenue estimates for the current quarter are $28.57 Million according to 5 number of analysts, for the current quarter the company has high revenue estimates of $33.2 Million in contradiction of low revenue estimates of $24.3 Million. For the current year the company’s revenue estimates are $139.67 Million compared to low analyst estimates of $130.1 Million and high estimates of $153.37 Million according to 6 number of analysts.

Currently Plug Power Inc (NASDAQ:PLUG)’s shares owned by insiders are 0.6%, whereas shares owned by institutional owners are 17.6%. However the six-month change in the insider ownership was recorded -1.52%, as well as three-month change in the institutional ownership was recorded -20.61%.

Plug Power Inc (NASDAQ:PLUG) 52-week high price stands at $2.70 and low price stands at $0.83, its price distance from 52-week high is -17.41% while its distance from 52-week low price is 168.67%. The stock hit its 52-week high on 04/11/17, and 52-week low on 02/09/17.

Plug Power Inc (NASDAQ:PLUG)’s trailing twelve month revenues are $85.8 Million, whereas its price to sales ratio for the same period is 5.34. Its book value per share for the most recent quarter is $0.32 while its price to book ratio for the same period is 6.97, as for as the company’s cash per share for the most recent quarter is $0.06, however its price to cash per share ratio for the same period is 38.82. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.

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