For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Planet Labs PBC’s stock clocked out at $6.45, up 5.39% from its previous closing price of $6.12. In other words, the price has increased by $5.39 from its previous closing price. On the day, 9.46 million shares were traded.
Ratios:
To gain a deeper understanding of PL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.32 and its Current Ratio is at 2.32. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.
On January 24, 2025, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $6.30.
Needham reiterated its Buy rating for the stock on September 06, 2024, while the target price for the stock was revised from $7 to $5.
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 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.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 7.98 while its Price-to-Book (P/B) ratio in mrq is 4.12.
Stock Price History:
Over the past 52 weeks, PL has reached a high of $6.36, while it has fallen to a 52-week low of $1.67. The 50-Day Moving Average of the stock is 50.10%, while the 200-Day Moving Average is calculated to be 139.69%.
Shares Statistics:
A total of 275.27M shares are outstanding, with a floating share count of 200.86M. Insiders hold about 32.82% of the company’s shares, while institutions hold 28.37% stake in the company.
