Plug Power Inc. (NASDAQ:PLUG) shares traded lower over the last trading session, losing -7.28% on 12/01/20. The shares fell to a low of $23.75 before closing at $24.47. Intraday shares traded counted 32.09 million, which was -3.18% lower than its 30-day average trading volume of 31.10M. PLUG’s previous close was $26.39 while the outstanding shares total 415.60M. The firm has a beta of 1.78. The stock’s Relative Strength Index (RSI) is 61.96, with weekly volatility at 10.42% and ATR at 2.09. The PLUG stock’s 52-week price range has touched low of $2.53 and a $28.70 high.
Investors have identified the Electrical Equipment & Parts company Plug Power Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $10.80 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Plug Power Inc. (PLUG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For PLUG, the company has in raw cash 503.84 million on their books with 138.52 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 778014000 million total, with 263851000 million as their total liabilities.
PLUG were able to record -168.18 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 361.87 million. In cash movements, the company had a total of -156.91 million as operating cash flow.
Potential earnings growth for Plug Power Inc. (PLUG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Plug Power Inc. recorded a total of 106.99 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 44.42% coming in sequential stages and their sales for the third quarter increasing by 36.38%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 108.28 million trying to sell their products during the last quarter, with the result yielding a gross income of -1.29 million. This allows shareholders to hold on to 415.60M with the revenue now reading -0.11 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (-0.06 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.34 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PLUG sounds very interesting.
Is the stock of PLUG attractive?
In related news, Director, Roth Johannes Minho sold 1,915,034 shares of the company’s stock in a transaction that recorded on Nov 13. The sale was performed at an average price of 23.11, for a total value of 44,257,350. As the sale deal closes, the Director, FiveT Capital Holding AG now sold 1,915,034 shares of the company’s stock, valued at 44,257,350. Also, COO & Sr. VP, Schmid Keith sold 83,333 shares of the company’s stock in a deal that was recorded on Nov 12. The shares were price at an average price of 22.84 per share, with a total market value of 1,903,326. Following this completion of acquisition, the Director, MCNAMEE GEORGE C now holds 30,000 shares of the company’s stock, valued at 631,425. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.80%.