What Are The Risk Factors For Planet Labs PBC (PL)?


As of Friday close, Planet Labs PBC’s (NYSE:PL) stock was down -$0.12, moving down -3.01 percent to $3.87. The average number of shares traded per day over the past five days has been 2,301,900 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.21 fall in that time frame. In the last twenty days, the average volume was 1,551,515, while in the previous 50 days, it was 1,371,384.

Since last month, PL stock retreated -20.04%. Shares of the company fell to $3.86 on 03/17/23, the lowest level in the past month. A 52-week high of $7.51 was reached on 02/02/23 after having rallying from a 52-week low of $3.70. Since the beginning of this year, PL’s stock price has dropped by -11.03% or -$0.48, and marked a new high 8 times. However, the stock has declined by -48.50% since its 52-week high.

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Valuation Metrics

The latest dividend of $0.24 per share was paid out, remained unchanged from last year’s $0.24.

Financial Health

In the three months ended October 30, Planet Labs PBC’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 45.00% percent. Based on annual data, PL earned $48.22 million in gross profit and brought in $131.21 million 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 -20.30%. Return on equity (ROE) for the past 12 months was -27.40%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PL’s revenue fell -3156.96% to $48.45 million during the quarter, while net income inched up to $49.7 million. While analysts expected Planet Labs PBC to report -$0.17 quarterly earnings, the actual figure was -$0.15 per share, beating the consensus estimate by 11.80%. During the quarter, the company generated -$31.85 million in EBITDA. The liabilities of Planet Labs PBC were 153.06 million at the end of its most recent quarter ended October 30, and its total debt was $17.56 million. The value of shareholders’ equity is $272.1 million.

Technical Picture

This quick technical analysis looks at Planet Labs PBC’s (PL) price momentum. With a historical volatility rate of 34.57%, the RSI 9-day stood at 18.09% on 17 March.

With respect to its five-day moving average, the current Planet Labs PBC price is down by -5.15% percent or -$0.21. At present, PL shares trade -18.35% below its 20-day simple moving average and -18.87% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.76% below its SMA50 and -36.35% below its SMA200.

Stochastic coefficient K was 6.89% and Stochastic coefficient D was 10.73%, while ATR was 0.17. Given the Stochastic reading of 1.23% for the 14-day period, the RSI (14) reading has been calculated as 24.82%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -0.34.

Analyst Ratings

Morgan Stanley launched its rating on Planet Labs PBC (NYSE: PL) to an Equal-weight in a note to investors on January 23, 2023. Planet Labs PBC (PL) has been rated Buy by analysts. According to 0 brokerage firms, PL is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Planet Labs PBC stock as buy, with 7 recommending it as overweight.

With a median target price of $9.00, the current consensus forecast for the stock is $6.00 – $12.00. Based on these forecasts, analysts predict Planet Labs PBC (PL) will achieve an average price target of $9.00.


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