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Plug Power Inc: A Comprehensive Look at the Stock’s Ups and Downs

In terms of market performance, Plug Power Inc had a somewhat inconsistent run in. The highest value for the stock in the past year was $13.44 on 07/19/23, while the lowest value was $2.26 on 01/18/24.

52-week price history of PLUG Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Plug Power Inc’s current trading price is -74.40% away from its 52-week high, while its distance from the 52-week low is 52.04%. The stock’s price range during this period has fluctuated between $2.26 and $13.44. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 18.21 million for the day, which was evidently lower than the average daily volume of 44.58 million over the last three months.

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Financial Performance and Market Capitalization

Plug Power Inc (PLUG) has experienced a quarterly decline of -26.96% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.35B and boasts a workforce of 3868 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 3.96, with a change in price of -3.18. Similarly, Plug Power Inc recorded 43,412,660 in trading volume during the last 100 days, posting a change of -48.04%.

PLUG Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for PLUG stands at 0.33. Similarly, the long-term debt-to-equity ratio is also 0.28.

PLUG Stock Stochastic Average

The raw stochastic average for Plug Power Inc over the last 50 days is presently at 38.18%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 30.47%. Further, the company’s Stochastic %K and %D values for the last 20 days were 30.47% and 28.39%, respectively.

PLUG Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -23.56%.However, over the last six months, we can see a stronger performance of -54.56%. Over the last 30 days, the price of PLUG has leaped by -2.55%. And in the last five days, it has surged by 0.88%.

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