The price of Planet Labs PBC (NYSE: PL) closed at $2.47 in the last session, up 2.07% from day before closing price of $2.42. In other words, the price has increased by $+0.0500 from its previous closing price. On the day, 1765225 shares were traded. PL stock price reached its highest trading level at $2.4800 during the session, while it also had its lowest trading level at $2.3850.
Ratios:
We take a closer look at PL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.94 and its Current Ratio is at 2.94. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 01 ’24 when Johnson Ashley F. sold 1,000 shares for $2.18 per share. The transaction valued at 2,180 led to the insider holds 838,882 shares of the business.
Johnson Ashley F. sold 1,000 shares of PL for $2,310 on Feb 01 ’24. The CFO & COO now owns 842,196 shares after completing the transaction at $2.31 per share. On Jan 02 ’24, another insider, Johnson Ashley F., who serves as the CFO & COO of the company, sold 1,000 shares for $2.46 each. As a result, the insider received 2,460 and left with 845,509 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 710.44M and an Enterprise Value of 420.36M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.28 while its Price-to-Book (P/B) ratio in mrq is 1.32. Its current Enterprise Value per Revenue stands at 1.96 whereas that against EBITDA is -3.54.
Stock Price History:
Over the past 52 weeks, PL has reached a high of $5.00, while it has fallen to a 52-week low of $1.99. The 50-Day Moving Average of the stock is 2.2296, while the 200-Day Moving Average is calculated to be 2.6892.
Shares Statistics:
According to the various share statistics, PL traded on average about 1.28M shares per day over the past 3-months and 1.36M shares per day over the past 10 days. A total of 250.63M shares are outstanding, with a floating share count of 167.85M. Insiders hold about 41.24% of the company’s shares, while institutions hold 27.95% stake in the company. Shares short for PL as of Feb 29, 2024 were 6.34M with a Short Ratio of 4.95, compared to 6.64M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.20% and a Short% of Float of 2.76%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.08, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.05 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.24 and -$0.28 for the fiscal current year, implying an average EPS of -$0.26. EPS for the following year is -$0.2, with 6 analysts recommending between -$0.19 and -$0.22.
Revenue Estimates
According to 10 analysts, the current quarter’s revenue is expected to be $58.19M. It ranges from a high estimate of $58.95M to a low estimate of $56.49M. As of the current estimate, Planet Labs PBC’s year-ago sales were $52.98M, an estimated increase of 9.80% from the year-ago figure.
A total of 11 analysts have provided revenue estimates for PL’s current fiscal year. The highest revenue estimate was $220.79M, while the lowest revenue estimate was $218.33M, resulting in an average revenue estimate of $219.99M. In the same quarter a year ago, actual revenue was $191.26M, up 15.00% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $259.75M in the next fiscal year. The high estimate is $270.64M and the low estimate is $242.63M. The average revenue growth estimate for next year is up 18.10% from the average revenue estimate for this year.
