Can Palantir Technologies Inc. (PLTR) Add Value To Your Portfolio?

As of Thursday close, Palantir Technologies Inc.’s (NYSE:PLTR) stock was up $0.45, moving up 4.99 percent to $9.46. The average number of shares traded per day over the past five days has been 43,855,320 shares. 5 times new highs have been achieved over the past 5 days, with a $1.34 gain in that time frame. In the last twenty days, the average volume was 37,410,059, while in the previous 50 days, it was 42,793,477.

Since last month, PLTR stock rose 18.10%. Shares of the company fell to $7.37 on 05/24/22, 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 $6.44. Since the beginning of this year, PLTR’s stock price has dropped by -48.05% or -$8.75, and marked a new high 2 times. However, the stock has declined by -67.70% since its 52-week high.

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Palantir Technologies Inc. (PLTR) last reported insider trading activity 15 days ago on Jun 09. Moore Alexander D., the Director of the company, disposed of 11,377 shares for $8.89 on Jun 09. It resulted in a $101,102 divestment by the insider. Buckley Jeffrey sold 2,023 shares at an average price of $7.54 on May 24. The insider now owns 389,423 shares following the transaction. On May 24, Cohen Stephen Andrew sold 56,668 shares at $7.54 apiece. The transaction was valued at $427,452.

Financial Health

In the three months ended March 30, Palantir Technologies Inc.’s quick ratio stood at 4.40, while its current ratio was 4.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 78.20% percent. In the year ended March 30, operating margins totaled -20.40%. 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 -22.20%.

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 $0.02 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 March 30, and its total debt was $267.66 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 82.75%, the RSI 9-day stood at 63.80% on 23 June.

With respect to its five-day moving average, the current Palantir Technologies Inc. price is up by +16.50% percent or $1.34. At present, PLTR shares trade +25.30% above its 20-day simple moving average and -25.57% percent below its 100-day simple moving average. However, the stock is currently trading approximately -25.28% below its SMA50 and -64.57% below its SMA200.

Stochastic coefficient K was 79.89% and Stochastic coefficient D was 62.22%, while ATR was 0.62. Given the Stochastic reading of 98.00% for the 14-day period, the RSI (14) reading has been calculated as 56.74%. As of today, the MACD Oscillator reading stands at 0.73, while the 14-day reading stands at 0.50.

Analyst Ratings

Goldman launched its rating on Palantir Technologies Inc. (NYSE: PLTR) to a Neutral in a note to investors on June 23, 2022. Palantir Technologies Inc. (PLTR) has been rated Hold by analysts. According to 3 brokerage firms, PLTR is a sell, and 7 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 5 recommending it as overweight.


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