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Palantir Technologies Inc (NYSE: PLTR) closed the day trading at $21.31 down -2.61% from the previous closing price of $21.88. In other words, the price has decreased by -$2.61 from its previous closing price. On the day, 29.91 million shares were traded. PLTR stock price reached its highest trading level at $22.11 during the session, while it also had its lowest trading level at $21.22.
Ratios:
For a better understanding of PLTR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 67.64. For the most recent quarter (mrq), Quick Ratio is recorded 5.55 and its Current Ratio is at 5.55. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.05.
On February 14, 2024, HSBC Securities Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $22.
Jefferies Upgraded its Underperform to Hold on February 06, 2024, whereas the target price for the stock was revised from $13 to $22.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 16 ’24 when Palantir Technologies Inc. sold 24,362 shares for $0.31 per share. The transaction valued at 7,489 led to the insider holds 5,313,833 shares of the business.
Palantir Technologies Inc. sold 8,859 shares of PLTR for $2,954 on Apr 15 ’24. The 10% Owner now owns 5,338,195 shares after completing the transaction at $0.33 per share. On Apr 12 ’24, another insider, Palantir Technologies Inc., who serves as the 10% Owner of the company, sold 18,740 shares for $0.35 each. As a result, the insider received 6,488 and left with 5,347,054 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 47153278976 and an Enterprise Value of 43793956864. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 235.99, and their Forward P/E ratio for the next fiscal year is 53.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.19 while its Price-to-Book (P/B) ratio in mrq is 13.49. Its current Enterprise Value per Revenue stands at 19.683 whereas that against EBITDA is 285.638.
Stock Price History:
Over the past 52 weeks, PLTR has reached a high of $27.50, while it has fallen to a 52-week low of $7.28. The 50-Day Moving Average of the stock is -10.39%, while the 200-Day Moving Average is calculated to be 14.82%.
Shares Statistics:
Over the past 3-months, PLTR traded about 69.77M shares per day on average, while over the past 10 days, PLTR traded about 34977240 shares per day. A total of 2.10B shares are outstanding, with a floating share count of 1.87B. Insiders hold about 15.31% of the company’s shares, while institutions hold 39.46% stake in the company. Shares short for PLTR as of 1711584000 were 82366928 with a Short Ratio of 1.18, compared to 1709164800 on 97083544. Therefore, it implies a Short% of Shares Outstanding of 82366928 and a Short% of Float of 4.24.
Earnings Estimates
The current rating of Palantir Technologies Inc (PLTR) is the result of assessments by Palantir Technologies Inc. analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $123.75, with high estimates of $6.90 and low estimates of $5.17.
Analysts are recommending an EPS of between $Communication Services and $Healthcare for the fiscal current year, implying an average EPS of $Consumer Defensive.
