Gaining Ground: Plutonian Acquisition Corp (PLTN) Closes Higher at 9.55, Up 58.90

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The price of Plutonian Acquisition Corp (NASDAQ: PLTN) closed at $9.55 in the last session, up 58.90% from day before closing price of $6.01. In other words, the price has increased by $58.90 from its previous closing price. On the day, 1.41 million shares were traded. PLTN stock price reached its highest trading level at $13.47 during the session, while it also had its lowest trading level at $6.14.

Ratios:

We take a closer look at PLTN’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.26 and its Current Ratio is at 0.26. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.00.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLTN now has a Market Capitalization of 47757356 and an Enterprise Value of 48341472. As of this moment, Plutonian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 89.09.

Stock Price History:

Over the past 52 weeks, PLTN has reached a high of $11.16, while it has fallen to a 52-week low of $5.58. The 50-Day Moving Average of the stock is -8.62%, while the 200-Day Moving Average is calculated to be -8.90%.

Shares Statistics:

According to the various share statistics, PLTN traded on average about 38.03K shares per day over the past 3-months and 111700 shares per day over the past 10 days. A total of 5.00M shares are outstanding, with a floating share count of 3.30M. Insiders hold about 34.07% of the company’s shares, while institutions hold 66.85% stake in the company. Shares short for PLTN as of 1713139200 were 1555 with a Short Ratio of 0.04, compared to 1710460800 on 1129. Therefore, it implies a Short% of Shares Outstanding of 1555 and a Short% of Float of 0.09000000400000001.

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