After finishing at $24.70 in the prior trading day, Palantir Technologies Inc (NYSE: PLTR) closed at $25.00, up 1.21%. In other words, the price has increased by $+0.30 from its previous closing price. On the day, 59362292 shares were traded.
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 15.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 79.36. 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:
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 Mar 12 ’24 when THIEL PETER sold 7,044,756 shares for $24.79 per share. The transaction valued at 174,615,999 led to the insider holds 70,806,432 shares of the business.
Planishek Heather A. sold 32,828 shares of PLTR for $852,026 on Mar 06 ’24. The insider now owns 662,006 shares after completing the transaction at $25.95 per share. On Mar 01 ’24, another insider, Moore Alexander D., who serves as the Director of the company, sold 20,000 shares for $24.96 each. As a result, the insider received 499,234 and left with 1,635,519 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 55.32B and an Enterprise Value of 51.87B. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 276.85, and their Forward P/E ratio for the next fiscal year is 62.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.86 while its Price-to-Book (P/B) ratio in mrq is 15.83. Its current Enterprise Value per Revenue stands at 23.31 whereas that against EBITDA is 189.38.
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 $7.19. The 50-Day Moving Average of the stock is 20.68, while the 200-Day Moving Average is calculated to be 17.60.
Shares Statistics:
The stock has traded on average 72.51M shares per day over the past 3-months and 84.41M 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 1.85B. Insiders hold about 16.29% of the company’s shares, while institutions hold 39.37% stake in the company. Shares short for PLTR as of Feb 29, 2024 were 97.08M with a Short Ratio of 1.34, 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
Its stock is currently analyzed by 14 different market 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
12 analysts predict $625.33M in revenue for the current 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 $2.72B. In the same quarter a year ago, actual revenue was $2.23B, up 22.10% from the average estimate. Based on 15 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 18.80% from the average revenue estimate for this year.
