Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The closing price of Palantir Technologies Inc (NASDAQ: PLTR) was $79.89 for the day, up 6.25% from the previous closing price of $75.19. In other words, the price has increased by $6.25 from its previous closing price. On the day, 62.08 million shares were traded. PLTR stock price reached its highest trading level at $79.98 during the session, while it also had its lowest trading level at $75.2991.
Ratios:
Our analysis of PLTR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 42.36 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 197.25. For the most recent quarter (mrq), Quick Ratio is recorded 5.67 and its Current Ratio is at 5.67. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on December 19, 2024, initiated with a Neutral rating and assigned the stock a target price of $80.
On December 12, 2024, Robert W. Baird started tracking the stock assigning a Neutral rating and target price of $70.
Jefferies Downgraded its Hold to Underperform on November 07, 2024, while the target price for the stock was maintained at $28.
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 Jan 02 ’25 when RYAN D. TAYLOR bought 483,987 shares for $75.63 per share.
LAUREN STAT bought 800 shares of PLTR for $60,504 on Jan 02 ’25. On Jan 02 ’25, another insider, DAVID STAT, who serves as the Director of the company, bought 1,000 shares for $75.63 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLTR now has a Market Capitalization of 181991030784 and an Enterprise Value of 177774575616. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 404.51, and their Forward P/E ratio for the next fiscal year is 170.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 14.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 73.07 while its Price-to-Book (P/B) ratio in mrq is 40.31. Its current Enterprise Value per Revenue stands at 67.178 whereas that against EBITDA is 446.999.
Stock Price History:
Over the past 52 weeks, PLTR has reached a high of $84.80, while it has fallen to a 52-week low of $15.66. The 50-Day Moving Average of the stock is 24.02%, while the 200-Day Moving Average is calculated to be 114.88%.
Shares Statistics:
PLTR traded an average of 75.38M shares per day over the past three months and 91846880 shares per day over the past ten days. A total of 2.17B shares are outstanding, with a floating share count of 2.06B. Insiders hold about 9.74% of the company’s shares, while institutions hold 48.81% stake in the company. Shares short for PLTR as of 1734048000 were 77284537 with a Short Ratio of 1.03, compared to 1731628800 on 85397297. Therefore, it implies a Short% of Shares Outstanding of 77284537 and a Short% of Float of 3.81.
