Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $25.21 in the prior trading day, Palantir Technologies Inc (NYSE: PLTR) closed at $21.40, down -15.11%. In other words, the price has decreased by -$15.11 from its previous closing price. On the day, 159.9 million shares were traded. PLTR stock price reached its highest trading level at $22.7 during the session, while it also had its lowest trading level at $21.35.
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 12.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 74.48. For the most recent quarter (mrq), Quick Ratio is recorded 5.55 and its Current Ratio is at 5.91. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.04.
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:
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 May 01 ’24 when Moore Alexander D. sold 20,000 shares for $22.02 per share. The transaction valued at 440,306 led to the insider holds 1,595,519 shares of the business.
Palantir Technologies Inc. sold 18,621 shares of PLTR for $6,972 on Apr 24 ’24. The Former 10% Owner now owns 5,233,625 shares after completing the transaction at $0.37 per share. On Apr 23 ’24, another insider, Palantir Technologies Inc., who serves as the Former 10% Owner of the company, sold 18,471 shares for $0.37 each. As a result, the insider received 6,792 and left with 5,252,246 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 47657586688 and an Enterprise Value of 43804975104. As of this moment, Palantir’s Price-to-Earnings (P/E) ratio for their current fiscal year is 174.41, and their Forward P/E ratio for the next fiscal year is 54.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.47 while its Price-to-Book (P/B) ratio in mrq is 13.55. Its current Enterprise Value per Revenue stands at 18.767 whereas that against EBITDA is 190.288.
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 $7.59. The 50-Day Moving Average of the stock is -8.59%, while the 200-Day Moving Average is calculated to be 12.90%.
Shares Statistics:
The stock has traded on average 62.43M shares per day over the past 3-months and 48266200 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 1.89B. Insiders hold about 15.27% of the company’s shares, while institutions hold 39.49% stake in the company. Shares short for PLTR as of 1713139200 were 77915836 with a Short Ratio of 1.25, compared to 1710460800 on 82722421. Therefore, it implies a Short% of Shares Outstanding of 77915836 and a Short% of Float of 3.9300002000000003.
