Is Palantir Technologies Inc. (PLTR) Price Targeted To Increase?

As of Thursday close, Palantir Technologies Inc.’s (NYSE:PLTR) stock was up $0.63, moving up 9.39 percent to $7.34. The average number of shares traded per day over the past five days has been 96,507,484 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.78 fall in that time frame. In the last twenty days, the average volume was 50,456,930, while in the previous 50 days, it was 43,574,367.

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Since last month, PLTR stock retreated -41.09%. Shares of the company fell to $6.44 on 05/12/22, the lowest level in the past month. A 52-week high of $29.29 was reached on 01/04/22 after having rallying from a 52-week low of $6.66. Since the beginning of this year, PLTR’s stock price has dropped by -59.69% or -$10.87, and marked a new high 2 times. However, the stock has declined by -74.94% since its 52-week high.

Palantir Technologies Inc. (PLTR) last reported insider trading activity 42 days ago on Apr 01. Moore Alexander D., the Director of the company, disposed of 36,500 shares for $13.75 on Apr 01. It resulted in a $501,944 divestment by the insider. Moore Alexander D. sold 36,500 shares at an average price of $12.02 on Mar 01. The insider now owns 1,976,126 shares following the transaction. On Feb 24, Glazer David A. sold 106,643 shares at $11.41 apiece. The transaction was valued at $1,216,455.

Financial Health

In the three months ended September 29, Palantir Technologies Inc.’s quick ratio stood at 4.30, while its current ratio was 4.30, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 78.00% percent. In the year ended September 29, operating margins totaled -26.70%. Based on annual data, PLTR earned $1.2 billion in gross profit and brought in $1.54 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -19.30%. Return on equity (ROE) for the past 12 months was -24.70%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PLTR’s revenue rose 23.55% to $432.87 million during the quarter, while net income inched up to $446.36 million. While analysts expected Palantir Technologies Inc. to report $0.04 quarterly earnings, the actual figure was $0.04 per share. During the quarter, the company generated -$35.13 million in EBITDA. The liabilities of Palantir Technologies Inc. were 954.43 million at the end of its most recent quarter ended September 29, and its total debt was $260.07 million. The value of shareholders’ equity is $2.05 billion.

Technical Picture

This quick technical analysis looks at Palantir Technologies Inc.’s (PLTR) price momentum. With a historical volatility rate of 139.67%, the RSI 9-day stood at 25.58% on 12 May.

With respect to its five-day moving average, the current Palantir Technologies Inc. price is down by -27.47% percent or -$2.78. At present, PLTR shares trade -43.10% below its 20-day simple moving average and -61.49% percent below its 100-day simple moving average. However, the stock is currently trading approximately -39.14% below its SMA50 and -67.46% below its SMA200.

Stochastic coefficient K was 7.39% and Stochastic coefficient D was 4.49%, while ATR was 0.90. Given the Stochastic reading of 15.73% for the 14-day period, the RSI (14) reading has been calculated as 28.22%. As of today, the MACD Oscillator reading stands at -1.85, while the 14-day reading stands at -2.59.

Analyst Ratings

Palantir Technologies Inc. downgraded its rating on Palantir Technologies Inc. (NYSE: PLTR) to an Underperform in a note to investors on May 10, 2022. The analysts firm previously had a Sector perform rating on the stock.Palantir Technologies Inc. (PLTR) has been rated Hold by analysts. According to 3 brokerage firms, PLTR is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Palantir Technologies Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $11.00, the current consensus forecast for the stock is $6.00 – $16.00. Based on these forecasts, analysts predict Palantir Technologies Inc. (PLTR) will achieve an average price target of $10.72.


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