Company’s 36-month beta value is 0.90.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 PL is 191.64M, and currently, short sellers hold a 3.99% ratio of that floaft. The average trading volume of PL on April 24, 2024 was 1.33M shares.
PL) stock’s latest price update
Planet Labs PBC (NYSE: PL)’s stock price has increased by 1.41 compared to its previous closing price of 1.77. However, the company has seen a 2.57% increase in its stock price over the last five trading sessions. MarketBeat reported 2024-04-18 that Artificial intelligence (AI) is propping up the computer and technology sector, but it’s also helping many other industries involved in collecting, procuring and providing real-time data. Planet Labs PBC NYSE: PL, which was started by NASA scientists in 2010, operates a network of over 200 satellites that provides planetary data around the clock for many industries.
PL’s Market Performance
Planet Labs PBC (PL) has seen a 2.57% rise in stock performance for the week, with a -27.91% decline in the past month and a -21.62% plunge in the past quarter. The volatility ratio for the week is 5.12%, and the volatility levels for the past 30 days are at 5.45% for PL. The simple moving average for the last 20 days is -12.48% for PL stock, with a simple moving average of -29.26% for the last 200 days.
Analysts’ Opinion of PL
JMP Securities, on the other hand, stated in their research note that they expect to see PL reach a price target of $5.50. The rating they have provided for PL stocks is “Mkt Outperform” according to the report published on May 02nd, 2023.
Citigroup gave a rating of “Buy” to PL, setting the target price at $6 in the report published on April 18th of the previous year.
PL Trading at -17.12% from the 50-Day Moving Average
After a stumble in the market that brought PL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -64.10% of loss for the given period.
Volatility was left at 5.45%, however, over the last 30 days, the volatility rate increased by 5.12%, as shares sank -28.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.63% lower at present.
During the last 5 trading sessions, PL rose by +2.00%, which changed the moving average for the period of 200-days by -46.40% in comparison to the 20-day moving average, which settled at $2.0148. In addition, Planet Labs PBC saw -27.33% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PL starting from Johnson Ashley F., who sale 1,000 shares at the price of $2.53 back on Apr 01 ’24. After this action, Johnson Ashley F. now owns 1,957,012 shares of Planet Labs PBC, valued at $2,530 using the latest closing price.
Johnson Ashley F., the CFO & COO of Planet Labs PBC, sale 1,000 shares at $2.18 during a trade that took place back on Mar 01 ’24, which means that Johnson Ashley F. is holding 838,882 shares at $2,180 based on the most recent closing price.
Stock Fundamentals for PL
Current profitability levels for the company are sitting at:
- -0.77 for the present operating margin
- 0.51 for the gross margin
The net margin for Planet Labs PBC stands at -0.64. The total capital return value is set at -0.3. Equity return is now at value -25.68, with -19.32 for asset returns.
Based on Planet Labs PBC (PL), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -2.03. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is 10.29.
Currently, EBITDA for the company is -122.11 million with net debt to EBITDA at 0.49. When we switch over and look at the enterprise to sales, we see a ratio of 2.06. The receivables turnover for the company is 5.09for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.69.
Conclusion
In a nutshell, Planet Labs PBC (PL) has experienced a bad 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.
