Plug Power Inc. (PLUG) is priced at $22.98 after the most recent trading session. At the very opening of the session, the stock price was $22.06 and reached a high price of $23.38, prior to closing the session it reached the value of $25.00. The stock touched a low price of $22.00.
Recently in News on November 17, 2020, Plug Power Inc. Announces Pricing of Upsized Public Offering of Common Stock. Plug Power Inc. (“Plug Power”) (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announced the pricing of an upsized offering of 38,000,000 shares of its common stock at a price to the public of $22.25 per share. Plug Power has granted the underwriters a 30-day option to purchase up to an additional 5,700,000 shares at the public offering price, less the underwriting discount. The offering is expected to close on or about November 19, 2020, subject to satisfaction of customary closing conditions. Morgan Stanley is acting as sole book-running manager. You can read further details here
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Plug Power Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $25.49 on 11/16/20, with the lowest value was $2.53 for the same time period, recorded on 03/17/20.
Plug Power Inc. (PLUG) full year performance was 512.80%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Plug Power Inc. shares are logging -9.85% during the 52-week period from high price, and 808.30% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.53 and $25.49.
The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 78770226 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Plug Power Inc. (PLUG) recorded performance in the market was 627.22%, having the revenues showcasing 68.35% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 9.56B, as it employees total of 835 workers.
The Analysts eye on Plug Power Inc. (PLUG)
During the last month, 8 analysts gave the Plug Power Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 13.17, with a change in the price was noted +16.15. In a similar fashion, Plug Power Inc. posted a movement of +236.46% for the period of last 100 days, recording 30,135,936 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PLUG is recording 0.49 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.37.
Technical rundown of Plug Power Inc. (PLUG)
Raw Stochastic average of Plug Power Inc. in the period of last 50 days is set at 82.77%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 78.73%. In the last 20 days, the company’s Stochastic %K was 87.47% and its Stochastic %D was recorded 90.95%.
Considering, the past performance of Plug Power Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 627.22%. Additionally, trading for the stock in the period of the last six months notably improved by 444.55%, alongside a boost of 512.80% for the period of the last 12 months. The shares increased approximately by 14.84% in the 7-day charts and went down by 40.21% in the period of the last 30 days. Common stock shares were driven by 68.35% during last recorded quarter.