In the latest session, Palantir Technologies Inc (NYSE: PLTR) closed at $23.56 up 2.57% from its previous closing price of $22.97. In other words, the price has increased by $+0.59 from its previous closing price. On the day, 46113696 shares were traded. PLTR stock price reached its highest trading level at $23.88 during the session, while it also had its lowest trading level at $22.94.
Ratios:
For a deeper understanding of Palantir Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 14.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 74.83. 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:
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 Feb 22 when Sankar Shyam sold 50,000 shares for $23.57 per share. The transaction valued at 1,178,250 led to the insider holds 752,786 shares of the business.
Karp Alexander C. sold 213,846 shares of PLTR for $4,844,596 on Feb 21. The insider now owns 6,432,258 shares after completing the transaction at $22.65 per share. On Feb 21, another insider, Cohen Stephen Andrew, who serves as the insider of the company, sold 181,098 shares for $22.65 each. As a result, the insider received 4,102,703 and left with 592 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 52.13B and an Enterprise Value of 48.69B. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 260.91, and their Forward P/E ratio for the next fiscal year is 59.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.44 while its Price-to-Book (P/B) ratio in mrq is 14.91. Its current Enterprise Value per Revenue stands at 21.88 whereas that against EBITDA is 177.75.
Stock Price History:
Over the past 52 weeks, PLTR has reached a high of $25.52, while it has fallen to a 52-week low of $7.19. The 50-Day Moving Average of the stock is 18.79, while the 200-Day Moving Average is calculated to be 16.69.
Shares Statistics:
For the past three months, PLTR has traded an average of 68.98M shares per day and 85.94M over the past ten days. A total of 2.10B shares are outstanding, with a floating share count of 1.85B. Insiders hold about 16.57% of the company’s shares, while institutions hold 39.25% stake in the company. Shares short for PLTR as of Jan 31, 2024 were 114.72M with a Short Ratio of 1.66, compared to 101.39M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.27% and a Short% of Float of 6.03%.
Earnings Estimates
There are 14 different market analysts currently analyzing its stock. 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 $0.34. EPS for the following year is $0.39, with 16 analysts recommending between $0.45 and $0.33.
Revenue Estimates
A total of 12 analysts believe the company’s revenue will be $625.33M this quarter.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 15 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 21.80% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $3.18B in the next fiscal year. The high estimate is $3.43B and the low estimate is $2.65B. The average revenue growth estimate for next year is up 17.50% from the average revenue estimate for this year.
