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.
Planet Labs PBC (NYSE: PL) closed the day trading at $3.57 down -3.77% from the previous closing price of $3.71. In other words, the price has decreased by -$3.77 from its previous closing price. On the day, 2.62 million shares were traded. PL stock price reached its highest trading level at $3.72 during the session, while it also had its lowest trading level at $3.54.
Ratios:
For a better understanding of PL, let’s look at 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Needham on September 06, 2024, Reiterated its Buy rating but revised its target price to $5 from $7 previously.
On May 02, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $5.50.JMP Securities initiated its Mkt Outperform rating on May 02, 2023, with a $5.50 target price.
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 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 1100788096 and an Enterprise Value of 910336704. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.38 while its Price-to-Book (P/B) ratio in mrq is 2.28. Its current Enterprise Value per Revenue stands at 3.861 whereas that against EBITDA is -10.261.
Stock Price History:
The Beta on a monthly basis for PL is 1.33, which has changed by 0.76666665 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, PL has reached a high of $4.99, while it has fallen to a 52-week low of $1.67. The 50-Day Moving Average of the stock is -0.27%, while the 200-Day Moving Average is calculated to be 44.37%.
Shares Statistics:
Over the past 3-months, PL traded about 4.14M shares per day on average, while over the past 10 days, PL traded about 4114580 shares per day. A total of 275.27M shares are outstanding, with a floating share count of 198.30M. Insiders hold about 33.17% of the company’s shares, while institutions hold 28.67% stake in the company. Shares short for PL as of 1732838400 were 5290559 with a Short Ratio of 1.18, compared to 1730332800 on 5917162. Therefore, it implies a Short% of Shares Outstanding of 5290559 and a Short% of Float of 2.1999999999999997.
