Palantir Technologies Inc (NYSE: PLTR)’s stock price has plunge by -3.12relation to previous closing price of 21.13. Nevertheless, the company has seen a -9.70% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-21 that Oracle’s strong positioning in the AI database market and partnership with Palantir allows them to leverage the rapid expansion of the AI sector. Oracle’s recent earnings show continued growth and beat expectations, making the stock an attractive buy. The Palantir partnership is expected to accelerate growth for both companies and solidify Oracle’s position in the AI cloud database market.
Is It Worth Investing in Palantir Technologies Inc (NYSE: PLTR) Right Now?
Palantir Technologies Inc (NYSE: PLTR) has a price-to-earnings ratio of 226.69x that is above its average ratio. Additionally, the 36-month beta value for PLTR is 2.76. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for PLTR is 1.87B and currently, short sellers hold a 4.40% ratio of that float. The average trading volume of PLTR on April 22, 2024 was 69.75M shares.
PLTR’s Market Performance
PLTR’s stock has seen a -9.70% decrease for the week, with a -16.69% drop in the past month and a 21.99% gain in the past quarter. The volatility ratio for the week is 4.49%, and the volatility levels for the past 30 days are at 3.98% for Palantir Technologies Inc The simple moving average for the past 20 days is -10.86% for PLTR’s stock, with a 9.95% simple moving average for the past 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 -14.20% 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 -25.56% of loss for the given period.
Volatility was left at 3.98%, however, over the last 30 days, the volatility rate increased by 4.49%, as shares sank -16.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.26% lower at present.
During the last 5 trading sessions, PLTR fell by -9.70%, which changed the moving average for the period of 200-days by +30.38% in comparison to the 20-day moving average, which settled at $22.76. In addition, Palantir Technologies Inc saw 19.22% 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 Palantir Technologies Inc., who sale 12,086 shares at the price of $0.34 back on Apr 19 ’24. After this action, Palantir Technologies Inc. now owns 5,273,917 shares of Palantir Technologies Inc, valued at $4,143 using the latest closing price.
Palantir Technologies Inc., the 10% Owner of Palantir Technologies Inc, sale 16,140 shares at $0.33 during a trade that took place back on Apr 18 ’24, which means that Palantir Technologies Inc. is holding 5,286,003 shares at $5,283 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 19.15. 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 conclusion, Palantir Technologies Inc (PLTR) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
