As of Wednesday close, Palantir Technologies Inc.’s (NYSE:PLTR) stock was down -$0.41, moving down -2.71 percent to $14.74. The average number of shares traded per day over the past five days has been 41,538,559 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.86 fall in that time frame. In the last twenty days, the average volume was 49,682,426, while in the previous 50 days, it was 63,359,891.
Since last month, PLTR stock rose 1.66%. Shares of the company fell to $13.88 on 08/24/23, 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 129.60% or $8.32, and marked a new high 27 times. However, the stock has declined by -27.17% 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 6 days ago on Sep 15. Stat Lauren Elaina Friedman, the Director of the company, disposed of 7,000 shares for $15.31 on Sep 15. It resulted in a $107,184 divestment by the insider. Stat Lauren Elaina Friedman sold 3,595 shares at an average price of $15.71 on Sep 12. The insider now owns 61,479 shares following the transaction. On Sep 05, Director Woersching Eric H. sold 7,000 shares at $15.17 apiece. The transaction was valued at $106,169.
Valuation Metrics
The stock’s beta is 2.79. Besides these, the trailing price-to-sales (P/S) ratio of 16.01, the price-to-book (PB) ratio of 10.60, and the price-to-cash flow ratio of 87.21 may also be considered.
Financial Health
In the three months ended June 29, Palantir Technologies Inc.’s quick ratio stood at 5.20, while its current ratio was 5.20, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 79.10% percent. In the year ended June 29, EBITDA margin amounted to -5.16%, whereas operating margins totaled -3.20%. 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 -1.80%.
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 11.16% to $525.19 million during the quarter, while net income inched up to $532.42 million. While analysts expected Palantir Technologies Inc. to report $0.05 quarterly earnings, the actual figure was $0.05 per share. During the quarter, the company generated $18.47 million in EBITDA. The liabilities of Palantir Technologies Inc. were 945.13 million at the end of its most recent quarter ended June 29, and its total debt was $245.99 million. The value of shareholders’ equity is $2.15 billion.
Technical Picture
This quick technical analysis looks at Palantir Technologies Inc.’s (PLTR) price momentum. With a historical volatility rate of 34.92%, the RSI 9-day stood at 39.13% on 20 September.
With respect to its five-day moving average, the current Palantir Technologies Inc. price is down by -5.51% percent or -$0.86. At present, PLTR shares trade +0.48% above its 20-day simple moving average and +88.49% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.61% below its SMA50 and +87.53% above its SMA200.
Stochastic coefficient K was 40.91% and Stochastic coefficient D was 50.76%, while ATR was 0.73. Given the Stochastic reading of 24.19% for the 14-day period, the RSI (14) reading has been calculated as 42.98%. As of today, the MACD Oscillator reading stands at -0.29, while the 14-day reading stands at -0.20.
Analyst Ratings
HSBC Securities launched its rating on Palantir Technologies Inc. (NYSE: PLTR) to a Hold in a note to investors on September 15, 2023. Palantir Technologies Inc. (PLTR) has been rated Hold by analysts. According to 6 brokerage firms, PLTR is a sell, and 7 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 2 analysts rate Palantir Technologies Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $15.50, 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 $14.36.
