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After finishing at $36.38 in the prior trading day, Palantir Technologies Inc (NYSE: PLTR) closed at $36.83, up 1.24%. In other words, the price has increased by $1.24 from its previous closing price. On the day, 58.8 million shares were traded. PLTR stock price reached its highest trading level at $37.35 during the session, while it also had its lowest trading level at $36.2.
Ratios:
Our goal is to gain a better understanding of PLTR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 20.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 118.43. For the most recent quarter (mrq), Quick Ratio is recorded 5.92 and its Current Ratio is at 5.92. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
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, Northland Capital on August 22, 2024, initiated with a Market Perform rating and assigned the stock a target price of $35.
On August 06, 2024, Monness Crespi & Hardt reiterated its Sell rating and also upped its target price recommendation from $20 to $18.
Mizuho Downgraded its Neutral to Underperform on July 16, 2024, whereas the target price for the stock was revised from $21 to $22.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 19 ’24 when Palantir Technologies Inc. sold 7,965 shares for $1.15 per share. The transaction valued at 9,188 led to the insider holds 1,485,646 shares of the business.
Palantir Technologies Inc. sold 6,778 shares of PLTR for $8,424 on Sep 17 ’24. The 10% Owner now owns 1,496,540 shares after completing the transaction at $1.24 per share. On Sep 18 ’24, another insider, Palantir Technologies Inc., who serves as the 10% Owner of the company, sold 2,929 shares for $1.27 each. As a result, the insider received 3,710 and left with 1,493,611 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 81471283200 and an Enterprise Value of 78826364928. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 216.77, and their Forward P/E ratio for the next fiscal year is 87.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 33.27 while its Price-to-Book (P/B) ratio in mrq is 20.35. Its current Enterprise Value per Revenue stands at 31.798 whereas that against EBITDA is 242.449.
Stock Price History:
Over the past 52 weeks, PLTR has reached a high of $37.11, while it has fallen to a 52-week low of $13.68. The 50-Day Moving Average of the stock is 22.19%, while the 200-Day Moving Average is calculated to be 55.33%.
Shares Statistics:
The stock has traded on average 50.74M shares per day over the past 3-months and 72072620 shares per day over the last 10 days, according to various share statistics. A total of 2.10B shares are outstanding, with a floating share count of 1.97B. Insiders hold about 12.03% of the company’s shares, while institutions hold 40.52% stake in the company. Shares short for PLTR as of 1724976000 were 54064393 with a Short Ratio of 1.07, compared to 1722384000 on 63446106. Therefore, it implies a Short% of Shares Outstanding of 54064393 and a Short% of Float of 2.71.
