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After finishing at $20.97 in the prior trading day, Palantir Technologies Inc (NYSE: PLTR) closed at $21.64, up 3.20%. In other words, the price has increased by $3.20 from its previous closing price. On the day, 35.71 million shares were traded. PLTR stock price reached its highest trading level at $22.06 during the session, while it also had its lowest trading level at $21.23.
Ratios:
Our goal is to gain a better understanding of PLTR by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.69. 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 14, 2024, HSBC Securities Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $22.
Jefferies Upgraded its Underperform to Hold on February 06, 2024, whereas the target price for the stock was revised from $13 to $22.
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 19 ’24 when Palantir Technologies Inc. sold 12,086 shares for $0.34 per share. The transaction valued at 4,143 led to the insider holds 5,273,917 shares of the business.
Palantir Technologies Inc. sold 16,140 shares of PLTR for $5,283 on Apr 18 ’24. The 10% Owner now owns 5,286,003 shares after completing the transaction at $0.33 per share. On Apr 17 ’24, another insider, Palantir Technologies Inc., who serves as the 10% Owner of the company, sold 11,690 shares for $0.32 each. As a result, the insider received 3,771 and left with 5,302,143 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 47883476992 and an Enterprise Value of 43041628160. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 239.65, and their Forward P/E ratio for the next fiscal year is 54.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.52 while its Price-to-Book (P/B) ratio in mrq is 13.70. Its current Enterprise Value per Revenue stands at 19.344 whereas that against EBITDA is 280.731.
Stock Price History:
Over the past 52 weeks, PLTR has reached a high of $27.50, while it has fallen to a 52-week low of $7.28. The 50-Day Moving Average of the stock is -8.79%, while the 200-Day Moving Average is calculated to be 15.90%.
Shares Statistics:
The stock has traded on average 68.88M shares per day over the past 3-months and 33484570 shares per day over the last 10 days, according to various share statistics. A total of 2.10B shares are outstanding, with a floating share count of 1.87B. Insiders hold about 15.31% of the company’s shares, while institutions hold 39.62% stake in the company. Shares short for PLTR as of 1711584000 were 82366928 with a Short Ratio of 1.20, compared to 1709164800 on 97083544. Therefore, it implies a Short% of Shares Outstanding of 82366928 and a Short% of Float of 4.24.
