The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
After finishing at $3.98 in the prior trading day, Planet Labs PBC (NYSE: PL) closed at $3.64, down -8.54%. In other words, the price has decreased by -$8.54 from its previous closing price. On the day, 4.86 million shares were traded.
Ratios:
Our goal is to gain a better understanding of PL by taking a closer look at its different ratios. 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.
On January 24, 2025, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $6.30.
Needham reiterated its Buy rating for the stock on September 06, 2024, while the target price for the stock was revised from $7 to $5.
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 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.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.50 while its Price-to-Book (P/B) ratio in mrq is 2.32.
Stock Price History:
Over the past 52 weeks, PL has reached a high of $6.71, while it has fallen to a 52-week low of $1.67. The 50-Day Moving Average of the stock is -25.19%, while the 200-Day Moving Average is calculated to be 18.56%.
Shares Statistics:
A total of 275.27M shares are outstanding, with a floating share count of 201.50M. Insiders hold about 32.61% of the company’s shares, while institutions hold 32.32% stake in the company.
