Palantir Technologies Inc. (NYSE:PLTR) finished Thursday with a subtraction of -$0.32 to close at $7.37, a downside of -4.16 percent. An average of 37,539,301 shares of common stock have been traded in the last five days. There was a fall of -$0.64 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 32,666,789 shares traded, while the 50-day average volume stands at 36,013,184.
PLTR stock has decreased by -7.99% in the last month. The company shares reached their 1-month lowest point of $7.17 on 09/06/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $6.44 and a high of $29.19 in 52 weeks. It has reached a new high 2 times so far this year and lost -59.53% or -$10.84 in price. In spite of this, the price is down -74.75% from the 52-week high.
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29 days have passed since Palantir Technologies Inc. (PLTR) last reported insider trading activity. Sankar Shyam, who is, most recently acquired $50,000 shares at $8.28 per share on Aug 25. In this transaction, the insider spent $413,790., Buckley Jeffrey, disposed of 3,414 shares at a price of $8.23 on Aug 24. The insider now owns more than $28,088 worth of shares. Prior to that, Sankar Shyam went on to Sale 75,161 shares at $8.23 each on Aug 24. An amount of $618,372 was transacted.
Palantir Technologies Inc. (PLTR) has a trailing price-to-sales (P/S) ratio at 8.97, the price-to-book (PB) ratio at 6.46, and the price-to-cash flow ratio at 60.17.
The quick ratio of Palantir Technologies Inc. for the three months ended June 29 was 4.40, and the current ratio was 4.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $1.2 billion compared to revenue of $1.54 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Palantir Technologies Inc.’s return on assets was -16.50%.
For the three-month period that ended June 29, Palantir Technologies Inc. had $99.21 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$179.33 million in the quarter, while revenues were grew 22.72%. The analyst consensus anticipated Palantir Technologies Inc.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be -$0.01, a -133.30% surprise. For the quarter, EBITDA amounted to -$36.85 million. Shareholders own equity worth $2.06 billion.
From a technical analysis perspective, let’s take a brief look at Palantir Technologies Inc. (PLTR) price momentum. RSI 9-day as of the close on 22 September was 37.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 56.97%.
As of today, PLTR’s price is $7.66 -7.99% or -$0.64 from its 5-day moving average. PLTR is currently trading -9.01% lower than its 20-day SMA and -29.13% lower than its 100-day SMA. However, the stock’s current price level is -20.58% below the SMA50 and -60.80% below the SMA200.
The stochastic %K and %D were 41.94% and 54.72%, respectively, and the average true range (ATR) was 0.40. With the 14-day stochastic at 21.51% and the average true range at 0.42, the RSI (14) stands at 38.81%. The stock has reached -0.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.
Deutsche Bank downgraded Palantir Technologies Inc. (NYSE: PLTR) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Palantir Technologies Inc. (PLTR) among analysts is Hold. According to current brokerage recommendations, 4 brokerage firms advise that investors sell PLTR, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is PLTR’s price target for the next 12 months?
Analysts predict a range of price targets between $6.00 and $20.00, with a median target of $10.50. Taking a look at these predictions, the average price target given by analysts for Palantir Technologies Inc. (PLTR) stock is $10.52.