Plug Power Stock Probability of Future Stock Price Finishing Under 2.02
| PLUG Stock | USD 2.43 0.03 1.25% |
Plug |
Plug Power Target Price Odds to finish below 2.02
The tendency of Plug Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 2.02 or more in 90 days |
| 2.43 | 90 days | 2.02 | about 26.92 |
Based on a normal probability distribution, the odds of Plug Power to drop to $ 2.02 or more in 90 days from now is about 26.92 (This Plug Power probability density function shows the probability of Plug Stock to fall within a particular range of prices over 90 days) . Probability of Plug Power price to stay between $ 2.02 and its current price of $2.43 at the end of the 90-day period is about 68.16 .
Given the investment horizon of 90 days Plug Power has a beta of -1.34 indicating as returns on its benchmark rise, returns on holding Plug Power are expected to decrease by similarly larger amounts. On the other hand, during market turmoils, Plug Power is expected to outperform its benchmark. Additionally Plug Power has an alpha of 0.6679, implying that it can generate a 0.67 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Plug Power Price Density |
| Price |
Predictive Modules for Plug Power
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Plug Power. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Plug Power's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Plug Power Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Plug Power is not an exception. The market had few large corrections towards the Plug Power's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Plug Power, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Plug Power within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.67 | |
β | Beta against Dow Jones | -1.34 | |
σ | Overall volatility | 0.18 | |
Ir | Information ratio | 0.07 |
Plug Power Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Plug Power for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Plug Power can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Plug Power had very high historical volatility over the last 90 days | |
| Plug Power has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 891.34 M. Net Loss for the year was (1.37 B) with loss before overhead, payroll, taxes, and interest of (167.56 M). | |
| Plug Power currently holds about 2.7 B in cash with (1.11 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.63, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Plug Power has a frail financial position based on the latest SEC disclosures | |
| Latest headline from simplywall.st: Shanghai Cooltech Power hikes 14 percent this week, taking five-year gains to 50 |
Plug Power Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Plug Stock often depends not only on the future outlook of the current and potential Plug Power's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Plug Power's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 595.5 M | |
| Cash And Short Term Investments | 135 M |
Plug Power Technical Analysis
Plug Power's future price can be derived by breaking down and analyzing its technical indicators over time. Plug Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Plug Power. In general, you should focus on analyzing Plug Stock price patterns and their correlations with different microeconomic environments and drivers.
Plug Power Predictive Forecast Models
Plug Power's time-series forecasting models is one of many Plug Power's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Plug Power's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Plug Power
Checking the ongoing alerts about Plug Power for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Plug Power help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Plug Power had very high historical volatility over the last 90 days | |
| Plug Power has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 891.34 M. Net Loss for the year was (1.37 B) with loss before overhead, payroll, taxes, and interest of (167.56 M). | |
| Plug Power currently holds about 2.7 B in cash with (1.11 B) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.63, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Plug Power has a frail financial position based on the latest SEC disclosures | |
| Latest headline from simplywall.st: Shanghai Cooltech Power hikes 14 percent this week, taking five-year gains to 50 |
Check out Plug Power Backtesting, Plug Power Valuation, Plug Power Correlation, Plug Power Hype Analysis, Plug Power Volatility, Plug Power History as well as Plug Power Performance. For more detail on how to invest in Plug Stock please use our How to Invest in Plug Power guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Plug Power. If investors know Plug will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Plug Power listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.11) | Revenue Per Share 0.929 | Quarterly Revenue Growth (0.13) | Return On Assets (0.13) | Return On Equity (0.43) |
The market value of Plug Power is measured differently than its book value, which is the value of Plug that is recorded on the company's balance sheet. Investors also form their own opinion of Plug Power's value that differs from its market value or its book value, called intrinsic value, which is Plug Power's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Plug Power's market value can be influenced by many factors that don't directly affect Plug Power's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Plug Power's value and its price as these two are different measures arrived at by different means. Investors typically determine if Plug Power is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Plug Power's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.