Plug Power Inc. (PLUG) Stock: A Technology Stock That’s Falling

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Plug Power Inc. (PLUG) is working its way for to the top in the market in today’s trading session. The company, focused in the technology sector, is currently trading at $2.48 after heading down -2.36% so far today. When it comes to technology stocks, there are quite a few aspects that have the ability to lead to declines in the market. News is one of the most common reasons for movement. Here are the recent stories surrounding 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

Nonetheless, any time investors are making a decision to invest, prospective investors should focus on much more than just news, this is especially the case in the ever changing tech industry. Here’s what’s going on with Plug Power Inc..

The Performance That We’ve Seen From PLUG

Although a decline in a single session, like the move that we’re seeing from Plug Power Inc. might make some investors unhappy, a single session move alone shouldn’t be the basis of a decision to, or not to, invest in a stock. It is generally a good idea to dig into trends experienced by the stock further out than a single trading session. As it relates to PLUG, here are the returns that we have seen:

  • Past 5 Trading Sessions – In the last 7 days, PLUG has seen a price change in the amount of 12.73%.
  • Past Month – The monthly performance from Plug Power Inc. has been 39.33%.
  • Past Quarter – Over the past three months, the company has generated a return on investment that comes to 110.17%
  • Past Six Months – Over the past six months, investors have seen a change that equates to 31.22% from the stock.
  • This Year So Far – Since the the first trading session of this year PLUG has generated a ROI of 100.00%.
  • Full Year – Finally, throughout the last full year, we have seen a change that works out to 26.53% from PLUG. In this period of time, the stock has traded at a high of -6.42% and a low price of 150.71%.

Ratios To Pay Attention To

Looking at various key ratios having to do with a company can give traders a look of how dangerous and/or rewarding a pick might be. Here are a few of the key ratios to look at when digging into PLUG.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the price of the stock is going to go down. Across the sector, strong tech stocks can carry a lower short ratio. However, we also see a lot of short squeezes in the sector. Nonetheless, in regard to Plug Power Inc., it’s short ratio comes to 8.84.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure whether or not a company can pay its debts when they mature using quick assets or current assets. In the technology industry, companies rely on continued investor support as they work to bring new technologies to market, the quick and current ratios can look bad. Nonetheless, several better companies in the technology sector come with great quick and current ratios. When it comes to PLUG, the quick and current ratios work out to 0.70 and 1.10 respectively.  

Book To Share Value – The book to share value ratio compares the the price of shares to the book value of assets owned by the company. In this particular case, that ratio works out to 0.01.

Cash To Share Value – The cash to share value comparison compares the total amount of cash the company has on hand to the price of shares. In this case, the cash to share value works out to 0.17.

Moves From Big Money Players

An interesting fact that I have learned so far in my short time on Earth has been that good investors tend to follow the moves made by big money investors. That is to say, investors that are looking to keep their investments relatively safe will watch trades made by institutional investors and insiders. So, how does the big money flow as it relates to PLUG? Here’s what’s going on:

Institutions own 29.60% of the company. Institutional interest has moved by 0.34% over the past three months. When it comes to insiders, those who are close to the company currently own 1.10% percent of PLUG shares. Institutions have seen ownership changes of an accumulative 0.50% over the last three months.

Analyst Opinions Of Plug Power Inc.

While it’s never a good idea to avoid doing your DD and blindly following the opinions of analysts, it is a smart idea to use their thoughts in order to validate your own due diligence when it comes to making investment decisions in the tech sector. Below are the most recent moves that we’ve seen from analysts when it comes 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

Financial Results And Expectations

What have ween seen from PLUG in terms of financial results?Here’s what you’re looking for:

  • Analyst Expectations – As it stands at the moment, Wall St. analysts are expecting that the company will create earnings per diluted share coming to a total of -0.11, with -0.09 to be reported in the report for the current quarter. Although this information isn’t tide to earnings, because we are talking about Wall St. analysts, the stock is presently graded as a 2.00 on a scale from 1 to 5 where 1 is the poorest Wall St. analyst grade and 5 is the best possible rating.
  • 5-Year Sales – In the past half decade, Plug Power Inc. has reported a change in sales volume that comes to a total of 45.70%. Earnings over the past half decade have generated movement in the amount of 15.30%.
  • Q/Q – when it comes to quarter over quarter earnings data, or Q/Q data as it is often referred to as in today’s society, the company has created a change in earnings that comes to a total of 9.60%. PLUG has also seen movement in regard to sales volume that amounts to 92.30%.

What You Need To Know About Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 224.48M shares of Plug Power Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, PLUG has a float of 191.62M.

I also like to dig into the short float. After all, if a large percentage of the float available for trading is sold short, the overall feeling among traders is that the stock is headed for a dive. In regard to PLUG, the percentage of the float that is sold short comes to a total of 21.13%. Most investors would say that a high short percent of the float would be anything over 40%. Through my work, I’ve seen that any short ratio over 26% is likely a risky play.

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