Ratio Examination: Planet Labs PBC (PL)’s Price-to-Cash and Price-to-Free Cash Flow

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In the latest session, Planet Labs PBC (NYSE: PL) closed at $1.82 down -1.09% from its previous closing price of $1.84. In other words, the price has decreased by -$1.09 from its previous closing price. On the day, 1.23 million shares were traded. PL stock price reached its highest trading level at $1.87 during the session, while it also had its lowest trading level at $1.79.

Ratios:

For a deeper understanding of Planet Labs PBC’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.72 and its Current Ratio is at 2.72. 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:

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 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:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PL now has a Market Capitalization of 529205056 and an Enterprise Value of 277001632. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.32 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 1.213 whereas that against EBITDA is -2.671.

Stock Price History:

The Beta on a monthly basis for PL is 0.97, which has changed by -0.46938777 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, PL has reached a high of $3.77, while it has fallen to a 52-week low of $1.67. The 50-Day Moving Average of the stock is -3.85%, while the 200-Day Moving Average is calculated to be -16.96%.

Shares Statistics:

For the past three months, PL has traded an average of 1.45M shares per day and 1943850 over the past ten days. A total of 268.12M shares are outstanding, with a floating share count of 192.11M. Insiders hold about 33.93% of the company’s shares, while institutions hold 26.86% stake in the company. Shares short for PL as of 1718323200 were 7578081 with a Short Ratio of 5.22, compared to 1715731200 on 7937475. Therefore, it implies a Short% of Shares Outstanding of 7578081 and a Short% of Float of 3.2300000000000004.

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