Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Until today this year the stock’s price performance recorded a decrease of -42.78%. However, over the last six months, the performance has been stronger by -57.23%. The price of PLUG decreased -13.01% over the last 30 days. And in the last five days, it has fallen by -6.02%.
Plug Power Inc’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $13.44 on 07/19/23, and the lowest price during that time was $2.25, recorded on 04/25/24.
52-week price history of PLUG Stock
The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Plug Power Inc’s current trading price is -80.84% away from its 52-week high, while its distance from the 52-week low is 14.44%. The stock’s price range for this period has been between $2.25 and $13.44. The Industrials sector company’s shares saw a trading volume of about 14.3 million for the day, which was lower than the average daily volume of 33.01 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Plug Power Inc (PLUG) has experienced a quarterly decline of -40.53% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.79B and boasts a workforce of 3868 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.50, with a change in price of -2.13. Similarly, Plug Power Inc recorded 38,585,949 in trading volume during the last 100 days, posting a change of -45.23%.
PLUG’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for PLUG stands at 0.32. Similarly, the long-term debt-to-equity ratio is also 0.27.
PLUG Stock Stochastic Average
As of today, the raw stochastic average of Plug Power Inc over the past 50 days is 15.86%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 47.13%. Additionally, the Stochastic %K and %D values for the company were 49.45% and 45.37%, respectively, over the past 20 days.
