The stock of Palantir Technologies Inc. (NYSE:PLTR) increased by $0.11 on Monday to finish at $14.64, up 0.76 percent. The last five days have seen an average of 58,169,957 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $8.22. The average number of shares traded over the last 20 days was 74,297,938, while the average volume over the last 50 days totaled 68,372,266.
PLTR stock dropped -17.80% since last month. On 08/18/23, the company’s shares reached a one-month low of $13.68. The stock touched a high of $20.24 on 08/01/23, after rallying from a low of $5.84 in 52 weeks. The price of PLTR stock has risen by 128.04% or $8.22 this year, reaching a new high 27 times. Still, the stock price is down -27.67% from the 52-week high.
Insider Transactions
PLTR stock investors should be aware that Palantir Technologies Inc. (PLTR) stock had its last reported insider trading activity 5 days ago on Aug 24. On Aug 24, Taylor Ryan D. sold 30,049 shares at $14.35 each. This transaction resulted in the insider making $431,085. On Aug 23, Karp Alexander C. sold 325,000 shares at a price of US$15.40. After the transaction, the insider now owns 6,432,258 shares. Sankar Shyam had earlier sold 316,602 shares on Aug 23 for $15.02 a share. The transaction was completed for $4,756,723.
Valuation Metrics
Beta for the stock is 2.82. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 14.98, the price-to-book (PB) ratio of 10.53, and the price-to-cash flow ratio of 81.63.
Financial Health
For the three months ended June 29, Palantir Technologies Inc.’s quick ratio was 5.20, while its current ratio was 5.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 79.10% percent. Palantir Technologies Inc.’s EBITDA margin for the year ended June 29 was -5.16%, whereas its operating margin stood at -3.20% for the same period. Based on annual data, it had gross profit of $1.5 billion and revenue of $1.91 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PLTR’s return on assets (ROA) during the last 12 months has been -1.30%. There was a -6.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.80%.
Earnings Surprise
According to Palantir Technologies Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $532.42 million, while revenues rose by 11.16% to $525.19 million. It was predicted that Palantir Technologies Inc.’s quarterly earnings would be $0.05, but it ended up being $0.05. EBITDA was $18.47 million for the quarter. At the end of Palantir Technologies Inc.’s most recent quarter ended June 29, its liabilities totaled 945.13 million, while its total debt was $245.99 million. Equity owned by shareholders amounts to $2.15 billion.
Technical Picture
Here’s a quick look at Palantir Technologies Inc.’s (PLTR) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 41.23%, suggesting the stock is Neutral, with a 68.36% historical volatility rate.
The stochastic %K and %D were 20.57% and 20.13% respectively, while the average true range (ATR) was 0.94. Based on the 14-day stochastic reading of 29.63%, the RSI (14) reading is 42.45%. On the 9-day MACD Oscillator, the stock is at -0.21, and the 14-day reading is at -0.49.
Analyst Ratings
In its analyst report released on July 28, 2023, Wedbush began covering Palantir Technologies Inc. (NYSE: PLTR). The stock was rated as an Outperform by the brokerage firm. Analysts have assigned Palantir Technologies Inc. (PLTR) an Hold rating. PLTR is a stock that is recommended for selling by 5 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 3 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is PLTR’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $25.00, with a median target price of $14.00. In analyzing these forecasts, the average price target given by analysts for Palantir Technologies Inc. (PLTR) is $13.65.
