Plug Power Inc. (PLUG) Stock: Why It’s Headed For The Top

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Plug Power Inc. (PLUG) is headed up in the market today. The company, focused in the tech sector, is presently priced at $2.48 after heading up -2.36% so far in today’s session. When it comes to tech stocks, there are a number of factors that have the ability to generate gains in the market. News is one of the most common reasons for movement. Here are the recent stories centered around PLUG:

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Mar-21-19 01:57PM Plug Power: Hope Is Not an Investment Strategy
Mar-20-19 12:18PM Plug Power is raising $23.5M in stock sale to hedge fund
09:25AM Plug Power Inc. Announces $23.5 Million Registered Direct Offering With Odey Asset Management
08:48AM Is the Options Market Predicting a Spike in Plug Power (PLUG) Stock?
Mar-18-19 10:51PM 3 Things Investors Need to Know About Plug Power’s Q4 Earnings

However, when making an investing decision, prospective investors should look at much more than just news, especially in the ever evolving technology industry. Here’s what’s happening with Plug Power Inc..

The Performance That We’ve Seen From PLUG

While a move up on a single session, like the gain that we’re seeing from Plug Power Inc. might lead to excitement in some investors, a single session gain by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It’s generally important to take a look at trends experienced by the stock beyond a single trading session. When it comes to PLUG, here are the movements that investors have experienced:

  • Past 5 Trading Sessions – Throughout the last seven days, PLUG has generated a price change that amounts to 12.73%.
  • Past 30 Days – The monthly returns from Plug Power Inc. works out to 39.33%.
  • Past Quarter – Over the past three months, the company has produced a return on investment that comes to 110.17%
  • Bi-Annually – Throughout the previous six months, investors have seen a change that equates to 31.22% from the company.
  • This Year So Far – Since the the last trading session of last year PLUG has generated a ROI of 100.00%.
  • Full Year – Lastly, over the past full year, investors have seen a change that comes to 26.53% out of PLUG. In this period of time, the stock has sold at a high price of -6.42% and a low price of 150.71%.

Rations That You Should Think About

Looking at a few ratios having to do with a stock can give traders a look of how dangerous and/or potentially profitable a pick may be. Below are some of the key ratios to consider when digging into PLUG.

Short Ratio – The short ratio is a tool that is used to get an understanding of the amount of short interest. The higher this short ratio, the more investors have a belief that the price of the stock is going to tumble. Throughout the sector, strong tech stocks can have a lower short ratio. However, we also see quite a few short squeezes in the sector. Nonetheless, with regard to Plug Power Inc., the stock’s short ratio comes to 8.84.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay its debts as they mature based on current assets or quick assets. Because in tech, companies are reliant on the continuation of investor support as they work to bring new technologies to market, the current and quick ratios can seem upsetting. However, quite a few good picks in the technology industry come with good quick and current ratios. In terms of PLUG, the quick and current ratios come to 0.70 and 1.10 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the book value of assets owned by the company. when it comes to Plug Power Inc., the book to share value ratio equates to 0.01.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the value of the company’s stock. When it comes to PLUG, the cash to share value ratio is 0.15.

Investors Tend To Follow The Big Money

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in PLUG, here’s what we’re seeing:

  • Institutional Investors – At the moment, institutional investors own 29.60% of Plug Power Inc.. However, it’s important to mention that institutional ownership has moved in the amount of 0.30% over the last 3 months.
  • Insiders – As far as insiders go, members of the management team and others close to PLUG currently own 0.80% of Plug Power Inc.. Insider ownership of the company has changed by 0.60% in the last quarter.

How Analysts Feel About Plug Power Inc.

Although it’s not a smart idea to unknowingly follow the opinions of analysts, it is a good idea to use their opinions when validating your own thoughts when it comes to making investment decisions in the tech space. Below you’ll find the most recent moves that we have seen from analysts as it relates to PLUG.

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Mar-14-19 Resumed B. Riley FBR Buy $3.50
Jan-30-19 Upgrade ROTH Capital Sell → Neutral
Aug-23-18 Initiated Oppenheimer Outperform $2.50
Jul-25-17 Reiterated FBR & Co. Outperform $3 → $3.50
May-17-17 Downgrade ROTH Capital Neutral → Sell

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.11. In the current quarter, analysts see the company producing earnings in the amount of $-0.09. Over the last 5 years, PLUG has generated revenue in the amount of $45.70% with earnings coming in at 15.30%. On a quarter over quarter basis, earnings have seen movement of 9.60% and revenue has seen movement of 92.30%.

What’s The Float Looking Like?

Investors seem to be interested in the total numbers of shares both outstanding and available. In regard to Plug Power Inc., currently there are 258.00M and there is a float of 216.13M. This means that of the total of 258.00M shares of PLUG in existence today, 216.13M are able to trade hands in the public realm.

It’s also important to look at the short percentage of the float. After all, if a large portion of the float available for trading is shorted, the overall opinion in the market is that the equity is going to take a dive. With regard to PLUG, the short percentage of the float is currently 18.74%. In general, concerning short percent of the float would be considered to be anything over 40%. Through my work, I have calculated that any short percent of the float over 26% is likely a a play that could prove to be very risky.

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