In the latest session, Palantir Technologies Inc (NYSE: PLTR) closed at $23.81 down -0.96% from its previous closing price of $24.04. On the day, 49237276 shares were traded.
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 14.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 75.58. 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 Mar 01 when Moore Alexander D. sold 20,000 shares for $24.96 per share. The transaction valued at 499,234 led to the insider holds 1,635,519 shares of the business.
Schiff Alexandra W. sold 5,000 shares of PLTR for $124,548 on Mar 01. The Director now owns 191,783 shares after completing the transaction at $24.91 per share. On Feb 22, another insider, Sankar Shyam, who serves as the insider of the company, sold 50,000 shares for $23.57 each. As a result, the insider received 1,178,250 and left with 752,786 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 52.69B and an Enterprise Value of 49.24B. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 263.68, and their Forward P/E ratio for the next fiscal year is 60.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.68 while its Price-to-Book (P/B) ratio in mrq is 15.07. Its current Enterprise Value per Revenue stands at 22.13 whereas that against EBITDA is 179.77.
Stock Price History:
Over the past 52 weeks, PLTR has reached a high of $25.69, while it has fallen to a 52-week low of $7.19. The 50-Day Moving Average of the stock is 19.57, while the 200-Day Moving Average is calculated to be 17.13.
Shares Statistics:
For the past three months, PLTR has traded an average of 68.69M shares per day and 61.6M over the past ten days. A total of 2.10B shares are outstanding, with a floating share count of 1.85B. Insiders hold about 16.52% of the company’s shares, while institutions hold 39.32% stake in the company. Shares short for PLTR as of Feb 15, 2024 were 102.42M with a Short Ratio of 1.49, compared to 102.52M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.63% and a Short% of Float of 5.27%.
