The stock of Palantir Technologies Inc (NYSE: PLTR) has decreased by -0.74 when compared to last closing price of 22.84. Despite this, the company has experienced a -1.26% fall in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-14 that Predictions about transformative technologies often miss the mark (here are some crazy examples). Artificial intelligence (AI) is carrying the market, and many ask if we are in another bubble.
Is It Worth Investing in Palantir Technologies Inc (NYSE: PLTR) Right Now?
The price-to-earnings ratio for Palantir Technologies Inc (NYSE: PLTR) is above average at 251.05x, Company’s 36-month beta value is 2.78.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PLTR is 1.87B, and currently, short sellers hold a 4.40% ratio of that floaft. The average trading volume of PLTR on April 15, 2024 was 70.21M shares.
PLTR’s Market Performance
The stock of Palantir Technologies Inc (PLTR) has seen a -1.26% decrease in the past week, with a -9.32% drop in the past month, and a 35.91% gain in the past quarter. The volatility ratio for the week is 2.96%, and the volatility levels for the past 30 days are at 3.78% for PLTR. The simple moving average for the last 20 days is -3.67% for PLTR stock, with a simple moving average of 22.85% for the last 200 days.
Analysts’ Opinion of PLTR
Many brokerage firms have already submitted their reports for PLTR stocks, with Monness Crespi & Hardt repeating the rating for PLTR by listing it as a “Sell.” The predicted price for PLTR in the upcoming period, according to Monness Crespi & Hardt is $20 based on the research report published on March 28, 2024 of the current year 2024.
HSBC Securities, on the other hand, stated in their research note that they expect to see PLTR reach a price target of $22. The rating they have provided for PLTR stocks is “Hold” according to the report published on February 14th, 2024.
Jefferies gave a rating of “Hold” to PLTR, setting the target price at $22 in the report published on February 06th of the current year.
PLTR Trading at -3.29% from the 50-Day Moving Average
After a stumble in the market that brought PLTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.56% of loss for the given period.
Volatility was left at 3.78%, however, over the last 30 days, the volatility rate increased by 2.96%, as shares sank -7.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.89% upper at present.
During the last 5 trading sessions, PLTR fell by -1.26%, which changed the moving average for the period of 200-days by +55.17% in comparison to the 20-day moving average, which settled at $23.45. In addition, Palantir Technologies Inc saw 32.03% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PLTR starting from Moore Alexander D., who sale 20,000 shares at the price of $22.73 back on Apr 01 ’24. After this action, Moore Alexander D. now owns 1,615,519 shares of Palantir Technologies Inc, valued at $454,694 using the latest closing price.
Schiff Alexandra W., the Director of Palantir Technologies Inc, sale 5,000 shares at $22.74 during a trade that took place back on Apr 01 ’24, which means that Schiff Alexandra W. is holding 186,783 shares at $113,717 based on the most recent closing price.
Stock Fundamentals for PLTR
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.81 for the gross margin
The net margin for Palantir Technologies Inc stands at 0.09. The total capital return value is set at 0.03. Equity return is now at value 6.95, with 5.26 for asset returns.
Based on Palantir Technologies Inc (PLTR), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at 3.1. The debt to equity ratio resting at 0.07. The interest coverage ratio of the stock is 34.57.
Currently, EBITDA for the company is 153.32 million with net debt to EBITDA at -3.1. When we switch over and look at the enterprise to sales, we see a ratio of 21.24. The receivables turnover for the company is 6.1for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.55.
Conclusion
In a nutshell, Palantir Technologies Inc (PLTR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
