Plug Power Inc. (NASDAQ:PLUG) shares traded lower over the last trading session, losing -2.47% on 05/24/21. The shares fell to a low of $26.705 before closing at $27.20. Intraday shares traded counted 26.57 million, which was 30.99% higher than its 30-day average trading volume of 38.50M. PLUG’s previous close was $27.89 while the outstanding shares total 426.31M. The firm has a beta of 1.43. The stock’s Relative Strength Index (RSI) is 50.41, with weekly volatility at 7.53% and ATR at 2.24. The PLUG stock’s 52-week price range has touched low of $4.03 and a $75.49 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 $15.23 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 1.38 billion on their books with 58.11 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 a decline. In terms of their assets, the company currently has 1.6 billion total, with 222.37 million as their total liabilities.
PLUG were able to record -178.0 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 1.26 billion. In cash movements, the company had a total of -155.48 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 08/10/2021 quarter of the year, Plug Power Inc. recorded a total of -309.11 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 129.57% coming in sequential stages and their sales for the 08/10/2021 quarter increasing by 134.61%.
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 159.62 million trying to sell their products during the last quarter, with the result yielding a gross income of -468.73 million. This allows shareholders to hold on to 426.31M with the recently reported earning now reading -1.42 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (-0.05 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.15 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, President & CEO, Marsh Andrew sold 573,268 shares of the company’s stock in a transaction that recorded on Jan 19. The sale was performed at an average price of 65.82, for a total value of 37,730,855. As the sale deal closes, the Director, MCNAMEE GEORGE C now sold 10,000 shares of the company’s stock, valued at 704,500. Also, Director, MCNAMEE GEORGE C sold 10,000 shares of the company’s stock in a deal that was recorded on Jan 12. The shares were price at an average price of 62.40 per share, with a total market value of 624,000. Following this completion of acquisition, the Director, Silver Jonathan M now holds 1,780 shares of the company’s stock, valued at 87,078. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
11 out of 19 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Plug Power Inc.. 1 analysts has assigned a Sell rating on the PLUG stock. The 12-month mean consensus price target for the company’s shares has been set at $47.31.