Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Planet Labs PBC (NYSE: PL) was $3.79 for the day, down -10.61% from the previous closing price of $4.24. In other words, the price has decreased by -$10.61 from its previous closing price. On the day, 17.23 million shares were traded. PL stock price reached its highest trading level at $3.835 during the session, while it also had its lowest trading level at $3.1501.
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 2.32 and its Current Ratio is at 2.13. 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:
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.
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 1133107584 and an Enterprise Value of 923053120. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.64 while its Price-to-Book (P/B) ratio in mrq is 2.42. Its current Enterprise Value per Revenue stands at 3.778 whereas that against EBITDA is -15.615.
Stock Price History:
The Beta on a monthly basis for PL is 1.46, which has changed by 0.5220884 over the last 52 weeks, in comparison to a change of 0.086116076 over the same period for the S&P500. 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 -21.67%, while the 200-Day Moving Average is calculated to be 19.62%.
Shares Statistics:
PL traded an average of 5.51M shares per day over the past three months and 5067130 shares per day over the past ten days. A total of 299.00M shares are outstanding, with a floating share count of 199.88M. Insiders hold about 33.21% of the company’s shares, while institutions hold 31.98% stake in the company. Shares short for PL as of 1740700800 were 6209778 with a Short Ratio of 1.13, compared to 1738281600 on 5985035. Therefore, it implies a Short% of Shares Outstanding of 6209778 and a Short% of Float of 2.5700000000000003.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
