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The price of Planet Labs PBC (NYSE: PL) closed at $3.68 in the last session, down -2.65% from day before closing price of $3.78. In other words, the price has decreased by -$2.65 from its previous closing price. On the day, 4.58 million shares were traded. PL stock price reached its highest trading level at $3.89 during the session, while it also had its lowest trading level at $3.65.
Ratios:
We take a closer look at PL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.32 and its Current Ratio is at 2.32. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on September 06, 2024, Reiterated its Buy rating but revised its target price to $5 from $7 previously.
On May 02, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $5.50.JMP Securities initiated its Mkt Outperform rating on May 02, 2023, with a $5.50 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 01 ’24 when Johnson Ashley F. sold 1,000 shares for $2.53 per share. The transaction valued at 2,530 led to the insider holds 1,957,012 shares of the business.
Johnson Ashley F. sold 1,000 shares of PL for $2,180 on Mar 01 ’24. The CFO & COO now owns 838,882 shares after completing the transaction at $2.18 per share. On Feb 01 ’24, another insider, Johnson Ashley F., who serves as the CFO & COO of the company, sold 1,000 shares for $2.31 each. As a result, the insider received 2,310 and left with 842,196 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, PL now has a Market Capitalization of 1079991680 and an Enterprise Value of 854576192. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.58 while its Price-to-Book (P/B) ratio in mrq is 2.28. Its current Enterprise Value per Revenue stands at 3.625 whereas that against EBITDA is -9.632.
Stock Price History:
Over the past 52 weeks, PL has reached a high of $3.84, while it has fallen to a 52-week low of $1.67. The 50-Day Moving Average of the stock is 49.06%, while the 200-Day Moving Average is calculated to be 67.41%.
Shares Statistics:
According to the various share statistics, PL traded on average about 2.55M shares per day over the past 3-months and 4448440 shares per day over the past 10 days. A total of 268.12M shares are outstanding, with a floating share count of 195.79M. Insiders hold about 33.29% of the company’s shares, while institutions hold 28.89% stake in the company. Shares short for PL as of 1731628800 were 6032370 with a Short Ratio of 2.32, compared to 1728950400 on 6368056. Therefore, it implies a Short% of Shares Outstanding of 6032370 and a Short% of Float of 2.54.
