The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, Palantir Technologies Inc (NYSE: PLTR) closed at $22.12 up 0.68% from its previous closing price of $21.97. In other words, the price has increased by $0.68 from its previous closing price. On the day, 34.14 million shares were traded. PLTR stock price reached its highest trading level at $22.83 during the session, while it also had its lowest trading level at $21.63.
Ratios:
For a deeper understanding of Palantir Technologies Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 70.84. 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 March 28, 2024, Monness Crespi & Hardt Downgraded its rating to Sell which previously was Neutral but kept the price unchanged to $20.
HSBC Securities Downgraded its Buy to Hold on February 14, 2024, while the target price for the stock was maintained at $22.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 24 ’24 when Palantir Technologies Inc. sold 18,621 shares for $0.37 per share. The transaction valued at 6,972 led to the insider holds 5,233,625 shares of the business.
Palantir Technologies Inc. sold 18,471 shares of PLTR for $6,792 on Apr 23 ’24. The Former 10% Owner now owns 5,252,246 shares after completing the transaction at $0.37 per share. On Apr 22 ’24, another insider, Palantir Technologies Inc., who serves as the Former 10% Owner of the company, sold 3,200 shares for $0.34 each. As a result, the insider received 1,089 and left with 5,270,717 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 49261023232 and an Enterprise Value of 45586272256. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 244.96, and their Forward P/E ratio for the next fiscal year is 55.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 22.19 while its Price-to-Book (P/B) ratio in mrq is 14.00. Its current Enterprise Value per Revenue stands at 20.488 whereas that against EBITDA is 297.328.
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 -5.47%, while the 200-Day Moving Average is calculated to be 17.39%.
Shares Statistics:
For the past three months, PLTR has traded an average of 68.32M shares per day and 33109560 over the past ten days. A total of 2.10B shares are outstanding, with a floating share count of 1.89B. Insiders hold about 15.27% of the company’s shares, while institutions hold 39.31% stake in the company. Shares short for PLTR as of 1713139200 were 77915836 with a Short Ratio of 1.14, compared to 1710460800 on 82722421. Therefore, it implies a Short% of Shares Outstanding of 77915836 and a Short% of Float of 4.01.
Earnings Estimates
Currently, 14.0 analysts are dedicated to thoroughly evaluating and rating the performance of Palantir Technologies Inc (PLTR) in the stock market.On average, analysts expect EPS of $0.08 for the current quarter, with a high estimate of $0.1 and a low estimate of $0.07, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.08, with high estimates of $0.1 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.41 and $0.29 for the fiscal current year, implying an average EPS of $0.33. EPS for the following year is $0.4, with 17.0 analysts recommending between $0.45 and $0.33.
Revenue Estimates
A total of 12 analysts believe the company’s revenue will be $625.33M this quarter.It ranges from a high estimate of $740M to a low estimate of $613.12M. As of the current estimate, Palantir Technologies Inc’s year-ago sales were $525.19MFor the next quarter, 12 analysts are estimating revenue of $653.37M. There is a high estimate of $772.4M for the next quarter, whereas the lowest estimate is $627.02M.
A total of 17 analysts have provided revenue estimates for PLTR’s current fiscal year. The highest revenue estimate was $3.2B, while the lowest revenue estimate was $2.64B, resulting in an average revenue estimate of $2.71B. In the same quarter a year ago, actual revenue was $2.23BBased on 17 analysts’ estimates, the company’s revenue will be $3.23B in the next fiscal year. The high estimate is $3.43B and the low estimate is $3.05B.
