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As of close of business last night, Palantir Technologies Inc’s stock clocked out at $43.69, down -2.76% from its previous closing price of $44.93. In other words, the price has decreased by -$2.76 from its previous closing price. On the day, 30.1 million shares were traded. PLTR stock price reached its highest trading level at $44.8 during the session, while it also had its lowest trading level at $43.61.
Ratios:
To gain a deeper understanding of PLTR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 140.49. For the most recent quarter (mrq), Quick Ratio is recorded 5.92 and its Current Ratio is at 5.92. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
On August 22, 2024, Northland Capital started tracking the stock assigning a Market Perform rating and target price of $35.
Monness Crespi & Hardt reiterated its Sell rating for the stock on August 06, 2024, while the target price for the stock was revised from $20 to $18.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 25 ’24 when Taylor Ryan D. sold 123,334 shares for $45.00 per share. The transaction valued at 5,550,030 led to the insider holds 331,369 shares of the business.
Karp Alexander C. sold 3,337,048 shares of PLTR for $150,223,222 on Oct 28 ’24. The insider now owns 6,432,258 shares after completing the transaction at $45.02 per share. On Oct 25 ’24, another insider, Karp Alexander C., who serves as the insider of the company, sold 1,706,841 shares for $45.01 each. As a result, the insider received 76,818,427 and left with 6,432,258 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 100618502144 and an Enterprise Value of 94189019136. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 257.15, and their Forward P/E ratio for the next fiscal year is 103.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 39.47 while its Price-to-Book (P/B) ratio in mrq is 24.14. Its current Enterprise Value per Revenue stands at 37.995 whereas that against EBITDA is 289.7.
Stock Price History:
Over the past 52 weeks, PLTR has reached a high of $45.14, while it has fallen to a 52-week low of $14.48. The 50-Day Moving Average of the stock is 16.20%, while the 200-Day Moving Average is calculated to be 60.49%.
Shares Statistics:
It appears that PLTR traded 59.30M shares on average per day over the past three months and 34030720 shares per day over the past ten days. A total of 2.10B shares are outstanding, with a floating share count of 2.01B. Insiders hold about 10.08% of the company’s shares, while institutions hold 42.93% stake in the company. Shares short for PLTR as of 1728950400 were 95592527 with a Short Ratio of 1.61, compared to 1726185600 on 67110092. Therefore, it implies a Short% of Shares Outstanding of 95592527 and a Short% of Float of 4.8.
