Analysis Of The Weekly Performance Of Palantir Technologies Inc. (PLTR)

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Palantir Technologies Inc. (NYSE:PLTR) finished Thursday with an addition of $0.33 to close at $6.40, an upside of 5.44 percent. An average of 31,166,801 shares of common stock have been traded in the last five days. There was a fall of -$0.10 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 29,973,650 shares traded, while the 50-day average volume stands at 33,407,090.

PLTR stock has decreased by -9.60% in the last month. The company shares reached their 1-month lowest point of $5.92 on 12/27/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $5.92 and a high of $19.00 in 52 weeks. It has reached a new high 2 times so far this year and lost -64.85% or -$11.81 in price. In spite of this, the price is down -66.31% from the 52-week high.


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Insider Transactions

PLTR stock investors should be aware that Palantir Technologies Inc. (PLTR) stock had its last reported insider trading activity 23 days ago on Dec 07. In this transaction, the insider spent $5,774,569. , Karp Alexander C., disposed of 809,398 shares at a price of $7.00 on Dec 06. The insider now owns more than $5,664,167 worth of shares. Prior to that, Sankar Shyam went on to Sale 50,000 shares at $7.24 each on Nov 25. An amount of $362,190 was transacted.

Valuation Metrics

Palantir Technologies Inc. (PLTR) has a trailing price-to-sales (P/S) ratio at 7.31, the price-to-book (PB) ratio at 5.57, and the price-to-cash flow ratio at 67.76.

Financial Health

The quick ratio of Palantir Technologies Inc. for the three months ended September 29 was 4.30, and the current ratio was 4.30, 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 September 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 -17.00%.

Earnings Surprise

For the three-month period that ended September 29, Palantir Technologies Inc. had $57.34 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$123.88 million in the quarter, while revenues of -$179.33 million were grew 17.55%. The analyst consensus anticipated Palantir Technologies Inc.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.01, a -50.00% surprise. For the quarter, EBITDA amounted to -$56.25 million. Shareholders own equity worth $2.08 billion.

Technical Picture

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 29 December was 41.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 60.06%.

As of today, PLTR’s price is $6.22 -1.54% or -$0.10 from its 5-day moving average. PLTR is currently trading -14.67% lower than its 20-day SMA and -34.83% lower than its 100-day SMA. However, the stock’s current price level is -21.57% below the SMA50 and -40.58% below the SMA200.

The stochastic %K and %D were 11.54% and 9.85%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 23.41% and the average true range at 0.38, the RSI (14) stands at 40.78%. The stock has reached -0.19 on the 9-day MACD Oscillator while the 14-day reading was at -0.51.

Analyst Ratings

Wolfe Research downgraded Palantir Technologies Inc. (NYSE: PLTR) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform.

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