Market Update: Planet Labs PBC (PL) Sees Positive Movement, Closing at 2.05

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

In the latest session, Planet Labs PBC (NYSE: PL) closed at $2.05 up 2.50% from its previous closing price of $2.00. In other words, the price has increased by $2.50 from its previous closing price. On the day, 1.54 million shares were traded. PL stock price reached its highest trading level at $2.079 during the session, while it also had its lowest trading level at $1.96.


For a deeper understanding of Planet Labs PBC’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 and its Current Ratio is at 2.69. 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:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 595771008 and an Enterprise Value of 307263360. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.70 while its Price-to-Book (P/B) ratio in mrq is 1.14. Its current Enterprise Value per Revenue stands at 1.392 whereas that against EBITDA is -2.636.

Stock Price History:

The Beta on a monthly basis for PL is 0.98, which has changed by -0.5157385 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, PL has reached a high of $5.00, while it has fallen to a 52-week low of $1.67. The 50-Day Moving Average of the stock is -1.50%, while the 200-Day Moving Average is calculated to be -16.59%.

Shares Statistics:

For the past three months, PL has traded an average of 1.34M shares per day and 1125680 over the past ten days. A total of 268.12M shares are outstanding, with a floating share count of 191.64M. Insiders hold about 34.06% of the company’s shares, while institutions hold 27.42% stake in the company. Shares short for PL as of 1713139200 were 7826045 with a Short Ratio of 5.86, compared to 1710460800 on 7290434. Therefore, it implies a Short% of Shares Outstanding of 7826045 and a Short% of Float of 3.36.

Earnings Estimates

The dynamic stock of Planet Labs PBC (PL) is currently attracting attention from 7.0 analysts actively involved in rating its market status.On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.07, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.05 and low estimates of -$0.07.

Analysts are recommending an EPS of between -$0.18 and -$0.27 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is -$0.11, with 6.0 analysts recommending between -$0.04 and -$0.2.

Revenue Estimates

For the next quarter, 9 analysts are estimating revenue of $62.36M. There is a high estimate of $66.66M for the next quarter, whereas the lowest estimate is $60.63M.

A total of 10 analysts have provided revenue estimates for PL’s current fiscal year. The highest revenue estimate was $269.25M, while the lowest revenue estimate was $248.71M, resulting in an average revenue estimate of $256.46M. In the same quarter a year ago, actual revenue was $220.7MBased on 9 analysts’ estimates, the company’s revenue will be $308.21M in the next fiscal year. The high estimate is $336.56M and the low estimate is $285.67M.

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