In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Palantir Technologies Inc (NASDAQ: PLTR) was $71.51 for the day, down -3.87% from the previous closing price of $74.39. In other words, the price has decreased by -$3.87 from its previous closing price. On the day, 107.66 million shares were traded. PLTR stock price reached its highest trading level at $77.6 during the session, while it also had its lowest trading level at $70.27.
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 35.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 166.17. 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, Robert W. Baird on December 12, 2024, initiated with a Neutral rating and assigned the stock a target price of $70.
On November 07, 2024, Jefferies Downgraded its rating to Underperform which previously was Hold but kept the price unchanged to $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 Dec 12 ’24 when Glazer David A. sold 315,126 shares for $73.30 per share. The transaction valued at 23,099,147 led to the insider holds 293,411 shares of the business.
Cohen Stephen Andrew sold 450,000 shares of PLTR for $33,052,573 on Dec 12 ’24. The insider now owns 592 shares after completing the transaction at $73.45 per share. On Dec 11 ’24, another insider, Cohen Stephen Andrew, who serves as the insider of the company, sold 450,000 shares for $70.95 each. As a result, the insider received 31,927,184 and left with 592 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, PLTR now has a Market Capitalization of 162901229568 and an Enterprise Value of 158684758016. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 362.08, and their Forward P/E ratio for the next fiscal year is 152.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 13.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 61.56 while its Price-to-Book (P/B) ratio in mrq is 36.08. Its current Enterprise Value per Revenue stands at 59.964 whereas that against EBITDA is 398.999.
Stock Price History:
Over the past 52 weeks, PLTR has reached a high of $80.91, while it has fallen to a 52-week low of $15.66. The 50-Day Moving Average of the stock is 24.91%, while the 200-Day Moving Average is calculated to be 107.32%.
Shares Statistics:
PLTR traded an average of 74.79M shares per day over the past three months and 94539800 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 48.82% stake in the company. Shares short for PLTR as of 1732838400 were 76144399 with a Short Ratio of 1.02, compared to 1730332800 on 85457185. Therefore, it implies a Short% of Shares Outstanding of 76144399 and a Short% of Float of 3.75.