As of Wednesday close, Planet Labs PBC’s (NYSE:PL) stock was down -$0.08, moving down -2.36 percent to $3.31. The average number of shares traded per day over the past five days has been 1,239,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.10 fall in that time frame. In the last twenty days, the average volume was 1,481,860, while in the previous 50 days, it was 2,541,134.
Since last month, PL stock retreated -6.50%. Shares of the company fell to $3.26 on 07/17/23, 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 $3.00. Since the beginning of this year, PL’s stock price has dropped by -23.91% or -$1.04, and marked a new high 8 times. However, the stock has declined by -55.95% since its 52-week high.
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PL stock investors should be aware that Planet Labs PBC (PL) stock had its last reported insider trading activity 16 days ago on Aug 01. Johnson Ashley F., the CFO & COO of the company, disposed of 1,000 shares for $3.75 on Aug 01. It resulted in a $3,750 divestment by the insider. Johnson Ashley F. sold 1,000 shares at an average price of $3.25 on Jul 03. The insider now owns 905,174 shares following the transaction. On Jun 07, CFO & COO Johnson Ashley F. sold 500 shares at $5.00 apiece. The transaction was valued at $2,500.
Valuation Metrics
The stock’s beta is 0.51. Besides these, the trailing price-to-sales (P/S) ratio of 4.38, the price-to-book (PB) ratio of 1.61.
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 April 29, Planet Labs PBC’s quick ratio stood at 3.90, while its current ratio was 3.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 51.80% percent. In the year ended April 29, operating margins totaled -84.70%. Based on annual data, PL earned $94.01 million in gross profit and brought in $191.26 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 -30.60%. Return on equity (ROE) for the past 12 months was -26.00%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PL’s revenue rose 23.85% to $52.98 million during the quarter, while net income inched up to $52.7 million. While analysts expected Planet Labs PBC to report -$0.14 quarterly earnings, the actual figure was -$0.07 per share. During the quarter, the company generated -$34.44 million in EBITDA. The liabilities of Planet Labs PBC were 164.11 million at the end of its most recent quarter ended April 29, and its total debt was $26.23 million. The value of shareholders’ equity is $276.03 million.
Technical Picture
This quick technical analysis looks at Planet Labs PBC’s (PL) price momentum. With a historical volatility rate of 28.17%, the RSI 9-day stood at 40.71% on 16 August.
With respect to its five-day moving average, the current Planet Labs PBC price is down by -2.93% percent or -$0.10. At present, PL shares trade -4.61% below its 20-day simple moving average and -5.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.27% below its SMA50 and -31.61% below its SMA200.
Stochastic coefficient K was 26.04% and Stochastic coefficient D was 35.57%, while ATR was 0.15. Given the Stochastic reading of 6.12% for the 14-day period, the RSI (14) reading has been calculated as 43.98%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at -0.07.
Analyst Ratings
JMP Securities launched its rating on Planet Labs PBC (NYSE: PL) to a Mkt outperform in a note to investors on May 02, 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 10 recommending it as overweight.
With a median target price of $6.00, the current consensus forecast for the stock is $5.00 – $8.00. Based on these forecasts, analysts predict Planet Labs PBC (PL) will achieve an average price target of $6.36.
