As of Friday close, Palantir Technologies Inc.’s (NYSE:PLTR) stock was down -$0.51, moving down -2.73 percent to $18.20. The average number of shares traded per day over the past five days has been 93,614,031 shares. 2 times new highs have been achieved over the past 5 days, with a $0.39 gain in that time frame. In the last twenty days, the average volume was 68,954,336, while in the previous 50 days, it was 81,274,258.
Since last month, PLTR stock rose 20.29%. Shares of the company fell to $14.62 on 07/06/23, the lowest level in the past month. A 52-week high of $20.24 was reached on 08/01/23 after having rallying from a 52-week low of $5.84. Since the beginning of this year, PLTR’s stock price has risen by 183.49% or $11.78, and marked a new high 27 times. However, the stock has declined by -10.08% 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 4 days ago on Aug 01. Sankar Shyam disposed of 1,967,500 shares for $20.00 on Aug 01. It resulted in a $39,353,935 divestment by the insider. Moore Alexander D. sold 21,900 shares at an average price of $19.84 on Aug 01. The insider now owns 1,786,919 shares following the transaction. On Aug 01, Planishek Heather A. sold 20,000 shares at $20.00 apiece. The transaction was valued at $400,000.
Valuation Metrics
The stock’s beta is 2.73. Besides these, the trailing price-to-sales (P/S) ratio of 17.61, the price-to-book (PB) ratio of 14.11, and the price-to-cash flow ratio of 101.00 may also be considered.
Financial Health
In the three months ended March 30, Palantir Technologies Inc.’s quick ratio stood at 5.40, while its current ratio was 5.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 78.70% percent. In the year ended March 30, EBITDA margin amounted to -5.16%, whereas operating margins totaled -5.90%. Based on annual data, PLTR earned $1.5 billion in gross profit and brought in $1.91 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 -6.70%. Return on equity (ROE) for the past 12 months was -10.20%.
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 15.01% to $508.62 million during the quarter, while net income inched up to $525.19 million. While analysts expected Palantir Technologies Inc. to report $0.04 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated $12.44 million in EBITDA. The liabilities of Palantir Technologies Inc. were 879.95 million at the end of its most recent quarter ended March 30, and its total debt was $259.49 million. The value of shareholders’ equity is $2.12 billion.
Technical Picture
This quick technical analysis looks at Palantir Technologies Inc.’s (PLTR) price momentum. With a historical volatility rate of 81.72%, the RSI 9-day stood at 55.55% on 04 August.
With respect to its five-day moving average, the current Palantir Technologies Inc. price is up by +2.19% percent or $0.39. At present, PLTR shares trade +18.64% above its 20-day simple moving average and +131.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately +43.99% above its SMA50 and +129.22% above its SMA200.
Stochastic coefficient K was 61.95% and Stochastic coefficient D was 74.91%, while ATR was 1.13. Given the Stochastic reading of 51.89% for the 14-day period, the RSI (14) reading has been calculated as 58.10%. As of today, the MACD Oscillator reading stands at 0.55, while the 14-day reading stands at 0.87.
Analyst Ratings
Wedbush launched its rating on Palantir Technologies Inc. (NYSE: PLTR) to an Outperform in a note to investors on July 28, 2023. Palantir Technologies Inc. (PLTR) has been rated Hold by analysts. According to 5 brokerage firms, PLTR is a sell, and 8 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 1 analyst rate Palantir Technologies Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $5.00 – $25.00. Based on these forecasts, analysts predict Palantir Technologies Inc. (PLTR) will achieve an average price target of $12.04.
