A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Plug Power Inc’s current trading price is -67.79% away from its 52-week high, while its distance from the 52-week low is 40.00%. The stock’s price range for this time frame has been between $1.60 and $6.95. The trading volume of the company’s shares in the Industrials reached around 31.43 million for the day, which was evidently lower than the average daily volume of 38.16 million over the last three months.
Plug Power Inc had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $6.95 on 11/03/23, while the lowest price during the same period was $1.60 on 09/06/24.
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How Financial Performance Impacts Market Capitalization
Plug Power Inc (PLUG) has experienced a quarterly decline of -6.67% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.97B and boasts a workforce of 3868 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 2.29, with a change in price of -0.77. Similarly, Plug Power Inc recorded 37,586,172 in trading volume during the last 100 days, posting a change of -25.58%.
How PLUG’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for PLUG stands at 0.31. Similarly, the long-term debt-to-equity ratio is also 0.25.
PLUG Stock Stochastic Average
The raw stochastic average for Plug Power Inc over the last 50 days is presently at 78.05%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 62.48%. Further, the company’s Stochastic %K and %D values for the last 20 days were 48.58% and 42.79%, 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. The index has shown a price loss of -50.22% this year. Over the last six months, there has been a stronger performance of -6.67%. The price of PLUG leaped by -1.75% during the last 30 days period. For the last 5-days stocks have slided -5.49%.
