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After finishing at $29.38 in the prior trading day, Palantir Technologies Inc (NYSE: PLTR) closed at $30.39, up 3.44%. In other words, the price has increased by $3.44 from its previous closing price. On the day, 57.0 million shares were traded. PLTR stock price reached its highest trading level at $30.8498 during the session, while it also had its lowest trading level at $29.56.
Ratios:
Our goal is to gain a better understanding of PLTR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 17.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 97.73. For the most recent quarter (mrq), Quick Ratio is recorded 5.92 and its Current Ratio is at 5.92. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
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, Monness Crespi & Hardt on August 06, 2024, Reiterated its Sell rating but revised its target price to $18 from $20 previously.
On July 16, 2024, Mizuho Downgraded its rating to Underperform which previously was Neutral and also upped its target price recommendation from $21 to $22.
Monness Crespi & Hardt Downgraded its Neutral to Sell on June 21, 2024, while the target price for the stock was maintained at $20.
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 Aug 12 ’24 when DAVID GLAZER bought 107,500 shares for $30.01 per share.
Palantir Technologies Inc. sold 17,358 shares of PLTR for $988 on Aug 12 ’24. The 10% Owner now owns 9,866,754 shares after completing the transaction at $0.06 per share. On Aug 09 ’24, another insider, RYAN TAYLOR, who serves as the Officer of the company, bought 249,684 shares for $29.28 each.
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 68056887296 and an Enterprise Value of 64404283392. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 178.87, and their Forward P/E ratio for the next fiscal year is 70.79. For the stock, the TTM Price-to-Sale (P/S) ratio is 27.45 while its Price-to-Book (P/B) ratio in mrq is 16.79. Its current Enterprise Value per Revenue stands at 25.98 whereas that against EBITDA is 198.09.
Stock Price History:
Over the past 52 weeks, PLTR has reached a high of $31.20, while it has fallen to a 52-week low of $13.68. The 50-Day Moving Average of the stock is 17.10%, while the 200-Day Moving Average is calculated to be 38.90%.
Shares Statistics:
The stock has traded on average 44.48M shares per day over the past 3-months and 69004790 shares per day over the last 10 days, according to various share statistics. A total of 2.10B shares are outstanding, with a floating share count of 1.97B. Insiders hold about 12.07% of the company’s shares, while institutions hold 40.51% stake in the company. Shares short for PLTR as of 1722384000 were 63446106 with a Short Ratio of 1.43, compared to 1719532800 on 79876062. Therefore, it implies a Short% of Shares Outstanding of 63446106 and a Short% of Float of 3.18.
