As of Wednesday close, Palantir Technologies Inc.’s (NYSE:PLTR) stock was up $0.15, moving up 2.08 percent to $7.37. The average number of shares traded per day over the past five days has been 29,821,561 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.69 fall in that time frame. In the last twenty days, the average volume was 40,451,695, while in the previous 50 days, it was 37,619,211.
Since last month, PLTR stock retreated -14.90%. Shares of the company fell to $6.89 on 11/07/22, the lowest level in the past month. A 52-week high of $21.40 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 -59.53% or -$10.84, and marked a new high 2 times. However, the stock has declined by -65.56% since its 52-week high.
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PLTR stock investors should be aware that Palantir Technologies Inc. (PLTR) stock had its last reported insider trading activity 2 days ago on Nov 23. Buckley Jeffrey, the of the company, disposed of 3,758 shares for $7.25 on Nov 23. It resulted in a $27,232 divestment by the insider. Sankar Shyam sold 61,786 shares at an average price of $7.25 on Nov 23. The insider now owns 1,905,012 shares following the transaction. On Nov 23, Glazer David A. sold 21,481 shares at $7.25 apiece. The transaction was valued at $155,658.
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 78.60% percent. In the year ended September 29, operating margins totaled -11.10%. 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 -23.90%.
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 17.94% to $473.01 million during the quarter, while net income inched up to $477.88 million. While analysts expected Palantir Technologies Inc. to report $0.02 quarterly earnings, the actual figure was $0.01 per share. During the quarter, the company generated -$56.25 million in EBITDA. The liabilities of Palantir Technologies Inc. were 932.22 million at the end of its most recent quarter ended September 29, and its total debt was $245.14 million. The value of shareholders’ equity is $2.08 billion.
This quick technical analysis looks at Palantir Technologies Inc.’s (PLTR) price momentum. With a historical volatility rate of 70.50%, the RSI 9-day stood at 41.95% on 23 November.
With respect to its five-day moving average, the current Palantir Technologies Inc. price is down by -8.56% percent or -$0.69. At present, PLTR shares trade -14.00% below its 20-day simple moving average and -26.81% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.41% below its SMA50 and -43.95% below its SMA200.
Stochastic coefficient K was 22.44% and Stochastic coefficient D was 22.22%, while ATR was 0.46. Given the Stochastic reading of 30.38% for the 14-day period, the RSI (14) reading has been calculated as 43.33%. As of today, the MACD Oscillator reading stands at -0.48, while the 14-day reading stands at -0.35.
Palantir Technologies Inc. downgraded its rating on Palantir Technologies Inc. (NYSE: PLTR) to a Sell in a note to investors on August 09, 2022. The analysts firm previously had a Hold rating on the stock.Palantir Technologies Inc. (PLTR) has been rated Hold by analysts. According to 4 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 1 analyst rate Palantir Technologies Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $9.05, the current consensus forecast for the stock is $5.00 – $15.00. Based on these forecasts, analysts predict Palantir Technologies Inc. (PLTR) will achieve an average price target of $9.41.