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Planet Labs PBC (NYSE: PL) closed the day trading at $2.01 down -4.29% from the previous closing price of $2.10. In other words, the price has decreased by -$4.29 from its previous closing price. On the day, 1.55 million shares were traded. PL stock price reached its highest trading level at $2.06 during the session, while it also had its lowest trading level at $1.86.
Ratios:
For a better understanding of PL, let’s look at its different ratios. 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:
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 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 584451712 and an Enterprise Value of 332248256. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.56 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 1.454 whereas that against EBITDA is -3.204.
Stock Price History:
Over the past 52 weeks, PL has reached a high of $3.54, while it has fallen to a 52-week low of $1.67. The 50-Day Moving Average of the stock is -0.10%, while the 200-Day Moving Average is calculated to be -6.88%.
Shares Statistics:
Over the past 3-months, PL traded about 1.60M shares per day on average, while over the past 10 days, PL traded about 1680270 shares per day. 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 27.29% stake in the company. Shares short for PL as of 1721001600 were 6314966 with a Short Ratio of 3.94, compared to 1718323200 on 7578081. Therefore, it implies a Short% of Shares Outstanding of 6314966 and a Short% of Float of 2.69.
