For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Planet Labs PBC’s stock clocked out at $5.46, up 6.02% from its previous closing price of $5.15. In other words, the price has increased by $6.02 from its previous closing price. On the day, 7.0 million shares were traded. PL stock price reached its highest trading level at $5.51 during the session, while it also had its lowest trading level at $5.01.
Ratios:
To gain a deeper understanding of PL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.32 and its Current Ratio is at 2.32. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.
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, Cantor Fitzgerald on January 24, 2025, initiated with a Overweight rating and assigned the stock a target price of $6.30.
On September 06, 2024, Needham reiterated its Buy rating and also upped its target price recommendation from $7 to $5.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1632392576 and an Enterprise Value of 910336704. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.76 while its Price-to-Book (P/B) ratio in mrq is 3.48. Its current Enterprise Value per Revenue stands at 3.861 whereas that against EBITDA is -10.261.
Stock Price History:
The Beta on a monthly basis for PL is 1.35, which has changed by 1.2787611 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, PL has reached a high of $5.55, while it has fallen to a 52-week low of $1.67. The 50-Day Moving Average of the stock is 36.52%, while the 200-Day Moving Average is calculated to be 111.01%.
Shares Statistics:
It appears that PL traded 4.87M shares on average per day over the past three months and 5725130 shares per day over the past ten days. A total of 275.27M shares are outstanding, with a floating share count of 200.86M. Insiders hold about 32.82% of the company’s shares, while institutions hold 28.29% stake in the company. Shares short for PL as of 1732838400 were 5290559 with a Short Ratio of 1.11, compared to 1730332800 on 5917162. Therefore, it implies a Short% of Shares Outstanding of 5290559 and a Short% of Float of 2.1999999999999997.
