Plug Power Inc (NASDAQ:PLUG) shares traded during most recent session to reach at the closing price of $1.86. The stock exchanged hands on average of 2.47 Million shares, yielding a market cap of $399.55 Million. Wall Street analysts covering the stock are projecting that the stock will reach $3.39 within the next 52-weeks. The mean target projections are based on 7 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 $5 and with a conservative view have low price target of $2.5.
Oppenheimer “Initiates Coverage On” Plug Power Inc (NASDAQ:PLUG) in a research note issued to investors on 8/23/18 to Outperform with price target of $2.5.
Additionally on 12/01/17 Canaccord Genuity “Initiates Coverage On” Plug Power Inc (NASDAQ:PLUG) to Buy setting price target at $5 and on 5/17/17 Roth Capital “Downgrades” the stock to Sell at $. Furthermore on 12/06/16 Rodman & Renshaw “Initiates Coverage On” the stock to Buy at $3.
On the other hand the company has Relative Strength Index (RSI 14) of 45.87 along with Average True Range (ATR 14) of 0.07, Consequently Plug Power Inc (NASDAQ:PLUG)’s weekly and monthly volatility is 2.69%, 3.71% respectively. The company’s beta value is at 1.37.
In terms of Buy, Sell or Hold recommendations, Plug Power Inc (NASDAQ:PLUG) has analysts’ mean recommendation of 2.1. 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 $-0.13 and can go high up to $-0.05. The consensus mean EPS for the current quarter is at $-0.09 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.18 earnings per share for the same quarter during last year.
Previously Plug Power Inc (NASDAQ:PLUG) reported $-0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.09 by $-0.03. The company posted an earnings surprise of -33.3%.
Plug Power Inc (NASDAQ:PLUG)’s revenue estimates for the current quarter are $48.94 Million according to 6 number of analysts, for the current quarter the company has high revenue estimates of $50.92 Million in contradiction of low revenue estimates of $47 Million. For the current year the company’s revenue estimates are $170.34 Million compared to low analyst estimates of $165.62 Million and high estimates of $174 Million according to 6 number of analysts.
Currently Plug Power Inc (NASDAQ:PLUG)’s shares owned by insiders are 0.8%, whereas shares owned by institutional owners are 31.2%. However the six-month change in the insider ownership was recorded -1.79%, as well as three-month change in the institutional ownership was recorded -0.09%.
Plug Power Inc (NASDAQ:PLUG)’s trailing twelve month revenues are $130.4 Million, whereas its price to sales ratio for the same period is 3.06. Its book value per share for the most recent quarter is $0.12 while its price to book ratio for the same period is 15.5, as for as the company’s cash per share for the most recent quarter is $0.07, however its price to cash per share ratio for the same period is 26.64. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.