Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The closing price of Planet Labs PBC (NYSE: PL) was $2.37 for the day, up 6.28% from the previous closing price of $2.23. In other words, the price has increased by $6.28 from its previous closing price. On the day, 3.32 million shares were traded. PL stock price reached its highest trading level at $2.39 during the session, while it also had its lowest trading level at $2.2.
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 648420160 and an Enterprise Value of 436926112. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.02 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 1.913 whereas that against EBITDA is -4.213.
Stock Price History:
The Beta on a monthly basis for PL is 1.04, which has changed by -0.29041916 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. 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 23.48%, while the 200-Day Moving Average is calculated to be 9.26%.
Shares Statistics:
PL traded an average of 1.46M shares per day over the past three months and 1842870 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 26.88% stake in the company. Shares short for PL as of 1719532800 were 6870062 with a Short Ratio of 4.70, compared to 1717113600 on 7225935. Therefore, it implies a Short% of Shares Outstanding of 6870062 and a Short% of Float of 2.93.
