Palantir Technologies Inc. (NYSE:PLTR) saw a downside of -5.28% to close Tuesday at $17.04 after subtracting -$0.95 on the day. The 5-day average trading volume is 100,518,563 shares of the company’s common stock. It has gained $19.62 in the past week and touched a new high 1 time within the past 5 days. An average of 76,492,453 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 82,869,625.
PLTR’s 1-month performance is 4.54% or $1.70 on its low of $14.94 reached on 07/10/23. The company’s shares have touched a 52-week low of $5.84 and high of $20.24, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, PLTR has achieved 165.42% or $10.62 and has reached a new high 27 times. However, the current price is down -15.81% from the 52-week high price.
Insider Transactions
PLTR stock investors last saw insider trading activity on Aug 01.Sankar Shyam () most recently sold 1,967,500 shares at $20.00 per share on Aug 01. This transaction cost the insider $39,353,935. Director, Moore Alexander D., sold 21,900 shares at a price of $19.84 on Aug 01. Then, on Aug 01, Planishek Heather A. sold 20,000 shares at a price of $20.00 per share. This transaction amounted to $400,000.
Valuation Metrics
PLTR stock has a beta of 2.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 18.69 while the price-to-book (PB) in the most recent quarter is 13.21, with the price to cash flow ratio at 107.20.
Palantir Technologies Inc.’s quick ratio for the period ended June 29 was 5.40, with the current ratio over the same period at 5.40.. In terms of profitability, the gross margin trailing 12 months is 78.70%. The trailing 12-month EBITDA margin is -5.16% while for the period ending June 29, Palantir Technologies Inc.’s operating margin was -5.90%. The firm’s gross profit as reported stood at $1.5 billion against revenue of $1.91 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Palantir Technologies Inc.’s cash and short-term investments amounted to $1.64 billion against total debt of $259.49 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 703.45% to $16.8 million, while revenue of $30.88 million was -83.81% off the previous quarter. Analysts expected PLTR to announce $0.05 per share in earnings in its latest quarter, but it posted $0.05, representing a 0.00% surprise. EBITDA for the quarter stood at more than $12.44 million. PLTR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 879.95 million, with total debt at $259.49 million. Shareholders hold equity totaling $2.12 billion.
Let’s look briefly at Palantir Technologies Inc. (PLTR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 44.03% to suggest the stock is trending Neutral, with historical volatility in this time period at 88.80%.
The stock’s 5-day moving average is $18.18, reflecting a -14.76% or -$2.95 change from its current price. PLTR is currently trading +3.34% above its 20-day SMA, +115.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +32.71% and SMA200 by+115.42%.
Stochastic %K and %D was 41.12% and 52.44% and the average true range (ATR) pointed at 1.24. The RSI (14) points at 49.72%, while the 14-day stochastic is at 24.53% with the period’s ATR at 1.15. The stock’s 9-day MACD Oscillator is pointing at -0.56 and 0.06 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Palantir Technologies Inc. (NYSE: PLTR), Wedbush launched coverage with an Outperform rating. Analysts offering their rating for PLTR stock have a consensus rating for the stock as Hold. Currently, 5 brokerage advisors rate PLTR as a “sell,”, while 7 advise that investors “Hold.” 3 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is PLTR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $25.00, with their median price target at $14.00. Looking at these predictions, the average price target given by analysts is for Palantir Technologies Inc. (PLTR) stock is $13.65.
