Market Watch: Planet Labs PBC (PL)’s Noteworthy Drop, Closing at 1.82

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As of close of business last night, Planet Labs PBC’s stock clocked out at $1.82, down -1.09% from its previous closing price of $1.84. In other words, the price has decreased by -$1.09 from its previous closing price. On the day, 1.22 million shares were traded. PL stock price reached its highest trading level at $1.85 during the session, while it also had its lowest trading level at $1.78.


To gain a deeper understanding of PL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 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:

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 534992640 and an Enterprise Value of 254951744. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.40 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 1.155 whereas that against EBITDA is -2.187.

Stock Price History:

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 -6.93%, while the 200-Day Moving Average is calculated to be -21.17%.

Shares Statistics:

It appears that PL traded 1.30M shares on average per day over the past three months and 934770 shares per day over the past ten days. A total of 268.12M shares are outstanding, with a floating share count of 168.97M. Insiders hold about 41.89% of the company’s shares, while institutions hold 26.90% stake in the company. Shares short for PL as of 1715731200 were 7937475 with a Short Ratio of 6.12, compared to 1713139200 on 7826045. Therefore, it implies a Short% of Shares Outstanding of 7937475 and a Short% of Float of 3.3800002000000005.

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