After finishing at $2.01 in the prior trading day, Planet Labs PBC (NYSE: PL) closed at $1.81, down -9.95%. On the day, 3413183 shares were traded.
Ratios:
Our goal is to gain a better understanding of PL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.69 and its Current Ratio is at 2.69. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.
On May 02, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $5.50.
On April 18, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $6.Citigroup initiated its Buy rating on April 18, 2023, with a $6 target price.
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 Apr 01 ’24 when Johnson Ashley F. sold 1,000 shares for $2.53 per share. The transaction valued at 2,530 led to the insider holds 1,957,012 shares of the business.
Johnson Ashley F. sold 1,000 shares of PL for $2,180 on Mar 01 ’24. The CFO & COO now owns 838,882 shares after completing the transaction at $2.18 per share. On Feb 01 ’24, another insider, Johnson Ashley F., who serves as the CFO & COO of the company, sold 1,000 shares for $2.31 each. As a result, the insider received 2,310 and left with 842,196 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.38 while its Price-to-Book (P/B) ratio in mrq is 1.01.
Stock Price History:
Over the past 52 weeks, PL has reached a high of $5.00, while it has fallen to a 52-week low of $1.99.
Shares Statistics:
A total of 268.12M shares are outstanding, with a floating share count of 191.64M. Insiders hold about 34.06% of the company’s shares, while institutions hold 27.46% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Platinum Jul 24 different market analysts. The consensus estimate for the next quarter is $1.66, with high estimates of $0.25 and low estimates of $5.86.
EPS for the following year is $Future, with Future analysts recommending between $Currency and $Currency.
