The stock of Planet Labs PBC (NYSE:PL) increased by $0.01 on Friday to finish at $3.12, up 0.32 percent. The last five days have seen an average of 974,000 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$1.23. The average number of shares traded over the last 20 days was 1,349,930, while the average volume over the last 50 days totaled 1,841,468.
PL stock dropped -5.17% since last month. On 08/25/23, the company’s shares reached a one-month low of $3.07. The stock touched a high of $7.51 on 02/02/23, after rallying from a low of $3.00 in 52 weeks. The price of PL stock has declined by -28.28% or -$1.23 this year, reaching a new high 8 times. Still, the stock price is down -58.48% from the 52-week high.
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Insider Transactions
PL stock investors should be aware that Planet Labs PBC (PL) stock had its last reported insider trading activity 27 days ago on Aug 01. On Aug 01, CFO & COO Johnson Ashley F. sold 1,000 shares at $3.75 each. This transaction resulted in the insider making $3,750. On Jul 03, Johnson Ashley F. sold 1,000 shares at a price of US$3.25. After the transaction, the insider now owns 905,174 shares. CFO & COO Johnson Ashley F. had earlier sold 500 shares on Jun 07 for $5.00 a share. The transaction was completed for $2,500.
Valuation Metrics
Beta for the stock is 0.56. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.21, the price-to-book (PB) ratio of 1.52.
Company paid $0.24 per share in dividends, remained unchanged from $0.24 last year.
Financial Health
For the three months ended April 29, Planet Labs PBC’s quick ratio was 3.90, while its current ratio was 3.90, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 51.80% percent. Planet Labs PBC’s operating margin stood at -84.70% for the same period. Based on annual data, it had gross profit of $94.01 million and revenue of $191.26 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PL’s return on assets (ROA) during the last 12 months has been -20.30%. There was a -30.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -26.00%.
Earnings Surprise
According to Planet Labs PBC’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $52.7 million, while revenues rose by 23.85% to $52.98 million. It was predicted that Planet Labs PBC’s quarterly earnings would be -$0.07, but it ended up being -$0.14. EBITDA was -$34.44 million for the quarter. At the end of Planet Labs PBC’s most recent quarter ended April 29, its liabilities totaled 164.11 million, while its total debt was $26.23 million. Equity owned by shareholders amounts to $276.03 million.
Technical Picture
Here’s a quick look at Planet Labs PBC’s (PL) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 34.60%, suggesting the stock is Neutral, with a 36.01% historical volatility rate.
The stochastic %K and %D were 16.80% and 19.33% respectively, while the average true range (ATR) was 0.14. Based on the 14-day stochastic reading of 10.64%, the RSI (14) reading is 38.77%. On the 9-day MACD Oscillator, the stock is at -0.06, and the 14-day reading is at -0.14.
Analyst Ratings
In its analyst report released on May 02, 2023, JMP Securities began covering Planet Labs PBC (NYSE: PL). The stock was rated as a Mkt outperform by the brokerage firm. Analysts have assigned Planet Labs PBC (PL) an Buy rating. PL is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is PL’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $8.00, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for Planet Labs PBC (PL) is $6.36.
