Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Planet Labs PBC (NYSE: PL) was $3.47 for the day, down -1.14% from the previous closing price of $3.51. In other words, the price has decreased by -$1.14 from its previous closing price. On the day, 2.15 million shares were traded.
Ratios:
Our analysis of PL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.11 and its Current Ratio is at 2.11. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.03.
On January 30, 2025, Craig Hallum Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $7.
On January 24, 2025, Cantor Fitzgerald started tracking the stock assigning a Overweight rating and target price of $6.30.Cantor Fitzgerald initiated its Overweight rating on January 24, 2025, with a $6.30 target price.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.29 while its Price-to-Book (P/B) ratio in mrq is 2.36.
Stock Price History:
Over the past 52 weeks, PL has reached a high of $6.71, while it has fallen to a 52-week low of $1.73. The 50-Day Moving Average of the stock is -6.35%, while the 200-Day Moving Average is calculated to be 2.42%.
Shares Statistics:
A total of 278.94M shares are outstanding, with a floating share count of 208.07M. Insiders hold about 31.16% of the company’s shares, while institutions hold 31.73% stake in the company.
