Palantir Technologies Inc. (PLTR) Records -3.24% Price decrease in Wednesday Trading

The closing price of Palantir Technologies Inc. (NYSE: PLTR) was $12.23 for the day, down -3.24% from the previous closing price of $12.64. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 84468184 shares were traded. PLTR stock price reached its highest trading level at $12.43 during the session, while it also had its lowest trading level at $11.82.

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Our analysis of PLTR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 75.04. For the most recent quarter (mrq), Quick Ratio is recorded 5.40 and its Current Ratio is at 5.40. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 24 when Glazer David A. sold 201,592 shares for $12.15 per share. The transaction valued at 2,449,907 led to the insider holds 756,724 shares of the business.

Taylor Ryan D. sold 29,887 shares of PLTR for $363,211 on May 24. The insider now owns 124,283 shares after completing the transaction at $12.15 per share. On May 23, another insider, Sankar Shyam, who serves as the insider of the company, sold 50,000 shares for $12.82 each. As a result, the insider received 640,776 and left with 1,553,950 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLTR now has a Market Capitalization of 21.05B and an Enterprise Value of 18.67B. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.08 while its Price-to-Book (P/B) ratio in mrq is 9.48. Its current Enterprise Value per Revenue stands at 9.41 whereas that against EBITDA is -89.08.

Stock Price History:

Over the past 52 weeks, PLTR has reached a high of $13.42, while it has fallen to a 52-week low of $5.84. The 50-Day Moving Average of the stock is 8.73, while the 200-Day Moving Average is calculated to be 8.02.

Shares Statistics:

PLTR traded an average of 44.43M shares per day over the past three months and 92.89M shares per day over the past ten days. A total of 2.11B shares are outstanding, with a floating share count of 1.75B. Insiders hold about 0.60% of the company’s shares, while institutions hold 34.90% stake in the company. Shares short for PLTR as of Apr 27, 2023 were 123.52M with a Short Ratio of 123.52M, compared to 133.28M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.83% and a Short% of Float of 6.70%.

Earnings Estimates

The firm’s stock currently is rated by 14 analysts. On average, analysts expect EPS of $0.05 for the current quarter, with a high estimate of $0.06 and a low estimate of $0.04, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0.05, with high estimates of $0.06 and low estimates of $0.04.

Analysts are recommending an EPS of between $0.25 and $0.2 for the fiscal current year, implying an average EPS of $0.21. EPS for the following year is $0.25, with 15 analysts recommending between $0.31 and $0.21.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $531.98M to a low estimate of $529.1M. As of the current estimate, Palantir Technologies Inc.’s year-ago sales were $473.01M, an estimated increase of 12.20% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $553.13M, an increase of 17.60% over than the figure of $12.20% in the same quarter last year. There is a high estimate of $571.85M for the next quarter, whereas the lowest estimate is $537.37M.

A total of 14 analysts have provided revenue estimates for PLTR’s current fiscal year. The highest revenue estimate was $2.26B, while the lowest revenue estimate was $2.17B, resulting in an average revenue estimate of $2.21B. In the same quarter a year ago, actual revenue was $1.91B, up 16.00% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $2.63B in the next fiscal year. The high estimate is $2.85B and the low estimate is $2.47B. The average revenue growth estimate for next year is up 19.10% from the average revenue estimate for this year.