Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Palantir Technologies Inc (NASDAQ: PLTR) was $79.76 for the day, down -0.59% from the previous closing price of $80.23. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 48.81 million shares were traded. PLTR stock price reached its highest trading level at $80.8199 during the session, while it also had its lowest trading level at $77.81.
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 39.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 185.34. For the most recent quarter (mrq), Quick Ratio is recorded 5.67 and its Current Ratio is at 5.67. 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, Wedbush on January 23, 2025, Reiterated its Outperform rating but revised its target price to $90 from $75 previously.
On January 17, 2025, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $72.
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 Jan 07 ’25 when Schiff Alexandra W. sold 4,000 shares for $71.63 per share. The transaction valued at 286,540 led to the insider holds 195,393 shares of the business.
ALEXANDRA SCHIFF bought 4,000 shares of PLTR for $303,680 on Jan 07 ’25. On Jan 02 ’25, another insider, Stat Lauren Elaina Friedman, who serves as the Director of the company, sold 1,000 shares for $76.29 each. As a result, the insider received 76,290 and left with 99,923 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 181694889984 and an Enterprise Value of 177478434816. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 403.85, and their Forward P/E ratio for the next fiscal year is 170.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 68.66 while its Price-to-Book (P/B) ratio in mrq is 40.25. Its current Enterprise Value per Revenue stands at 67.066 whereas that against EBITDA is 446.254.
Stock Price History:
The Beta on a monthly basis for PLTR is 2.80, which has changed by 3.9130435 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, PLTR has reached a high of $84.80, while it has fallen to a 52-week low of $16.03. The 50-Day Moving Average of the stock is 10.95%, while the 200-Day Moving Average is calculated to be 93.93%.
Shares Statistics:
PLTR traded an average of 82.02M shares per day over the past three months and 62948860 shares per day over the past ten days. A total of 2.17B shares are outstanding, with a floating share count of 2.06B. Insiders hold about 9.74% of the company’s shares, while institutions hold 48.76% stake in the company. Shares short for PLTR as of 1736899200 were 83787223 with a Short Ratio of 1.02, compared to 1734048000 on 77284537. Therefore, it implies a Short% of Shares Outstanding of 83787223 and a Short% of Float of 4.1300002000000005.