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The closing price of Planet Labs PBC (NYSE: PL) was $2.50 for the day, up 2.46% from the previous closing price of $2.44. In other words, the price has increased by $2.46 from its previous closing price. On the day, 1.47 million shares were traded. PL stock price reached its highest trading level at $2.52 during the session, while it also had its lowest trading level at $2.42.
Ratios:
Our analysis of PL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.72 and its Current Ratio is at 2.72. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.
On May 02, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $5.50.
On April 18, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $6.Citigroup initiated its Buy rating on April 18, 2023, with a $6 target price.
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 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 709482496 and an Enterprise Value of 474726432. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.18 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 2.078 whereas that against EBITDA is -4.577.
Stock Price History:
Over the past 52 weeks, PL has reached a high of $3.77, while it has fallen to a 52-week low of $1.67. The 50-Day Moving Average of the stock is 26.25%, while the 200-Day Moving Average is calculated to be 15.87%.
Shares Statistics:
PL traded an average of 1.57M shares per day over the past three months and 1889070 shares per day over the past ten days. A total of 268.12M shares are outstanding, with a floating share count of 192.12M. Insiders hold about 33.93% of the company’s shares, while institutions hold 27.14% stake in the company. Shares short for PL as of 1721001600 were 6314966 with a Short Ratio of 4.02, compared to 1718323200 on 7578081. Therefore, it implies a Short% of Shares Outstanding of 6314966 and a Short% of Float of 2.69.
