The closing price of Palantir Technologies Inc (NYSE: PLTR) was $24.57 for the day, up 3.24% from the previous closing price of $23.80. In other words, the price has increased by $+0.77 from its previous closing price. On the day, 39425125 shares were traded.
Ratios:
Our analysis of PLTR’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 77.99. For the most recent quarter (mrq), Quick Ratio is recorded 5.55 and its Current Ratio is at 5.55. In the meantime, Its Debt-to-Equity ratio is 0.07 whereas as Long-Term Debt/Eq ratio is at 0.05.
On February 06, 2024, Jefferies Upgraded its rating to Hold which previously was Underperform and also upped its target price recommendation from $13 to $22.
Citigroup Upgraded its Sell to Neutral on February 06, 2024, whereas the target price for the stock was revised from $10 to $20.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 15 ’24 when Stat Lauren Elaina Friedman sold 6,000 shares for $23.68 per share. The transaction valued at 142,099 led to the insider holds 175,830 shares of the business.
THIEL PETER sold 7,044,756 shares of PLTR for $174,615,999 on Mar 12 ’24. The Director now owns 70,806,432 shares after completing the transaction at $24.79 per share. On Mar 06 ’24, another insider, Planishek Heather A., who serves as the insider of the company, sold 32,828 shares for $25.95 each. As a result, the insider received 852,026 and left with 662,006 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, PLTR now has a Market Capitalization of 54.37B and an Enterprise Value of 50.92B. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 272.09, and their Forward P/E ratio for the next fiscal year is 61.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.43 while its Price-to-Book (P/B) ratio in mrq is 15.55. Its current Enterprise Value per Revenue stands at 22.89 whereas that against EBITDA is 185.90.
Stock Price History:
Over the past 52 weeks, PLTR has reached a high of $27.50, while it has fallen to a 52-week low of $7.28. The 50-Day Moving Average of the stock is 21.45, while the 200-Day Moving Average is calculated to be 17.84.
Shares Statistics:
PLTR traded an average of 71.53M shares per day over the past three months and 63.46M shares per day over the past ten days. A total of 2.10B shares are outstanding, with a floating share count of 1.87B. Insiders hold about 15.29% of the company’s shares, while institutions hold 39.38% stake in the company. Shares short for PLTR as of Feb 29, 2024 were 97.08M with a Short Ratio of 1.36, compared to 114.72M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.39% and a Short% of Float of 5.00%.
Earnings Estimates
The firm’s stock currently is rated by 14 analysts. On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.07, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.08, with high estimates of $0.1 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.41 and $0.29 for the fiscal current year, implying an average EPS of $0.33. EPS for the following year is $0.4, with 16 analysts recommending between $0.45 and $0.33.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 12 analysts. It ranges from a high estimate of $740M to a low estimate of $613.12M. As of the current estimate, Palantir Technologies Inc’s year-ago sales were $525.19M, an estimated increase of 19.10% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $653.37M, an increase of 22.70% over than the figure of $19.10% in the same quarter last year. There is a high estimate of $772.4M for the next quarter, whereas the lowest estimate is $627.02M.
A total of 16 analysts have provided revenue estimates for PLTR’s current fiscal year. The highest revenue estimate was $3.2B, while the lowest revenue estimate was $2.64B, resulting in an average revenue estimate of $2.71B. In the same quarter a year ago, actual revenue was $2.23B, up 22.00% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $3.23B in the next fiscal year. The high estimate is $3.43B and the low estimate is $3.05B. The average revenue growth estimate for next year is up 18.90% from the average revenue estimate for this year.
