The stock price of Palantir Technologies Inc (NYSE: PLTR) has surged by 3.73 when compared to previous closing price of 21.71, but the company has seen a 10.01% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-27 that The artificial intelligence ( AI ) boom has led the market to what others could argue is a bubble. With valuations going sky-high, who can blame them?
Is It Worth Investing in Palantir Technologies Inc (NYSE: PLTR) Right Now?
Palantir Technologies Inc (NYSE: PLTR) has a higher price-to-earnings ratio of 249.39x compared to its average ratio, The 36-month beta value for PLTR is at 2.76. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PLTR is 1.87B, and currently, shorts hold a 4.16% of that float. The average trading volume for PLTR on April 29, 2024 was 68.43M shares.
PLTR’s Market Performance
PLTR stock saw a decrease of 10.01% in the past week, with a monthly decline of -8.12% and a quarterly a decrease of 37.74%. The volatility ratio for the week is 4.12%, and the volatility levels for the last 30 days are 4.15% for Palantir Technologies Inc (PLTR). The simple moving average for the past 20 days is 1.65% for PLTR’s stock, with a 20.08% simple moving average for the past 200 days.
Analysts’ Opinion of PLTR
Monness Crespi & Hardt, on the other hand, stated in their research note that they expect to see PLTR reach a price target of $20. The rating they have provided for PLTR stocks is “Sell” according to the report published on March 28th, 2024.
HSBC Securities gave a rating of “Hold” to PLTR, setting the target price at $22 in the report published on February 14th of the current year.
PLTR Trading at -4.39% 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 -18.11% of loss for the given period.
Volatility was left at 4.15%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares sank -2.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.60% lower at present.
During the last 5 trading sessions, PLTR rose by +10.01%, which changed the moving average for the period of 200-days by +35.74% in comparison to the 20-day moving average, which settled at $22.13. In addition, Palantir Technologies Inc saw 31.16% 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 18,621 shares at the price of $0.37 back on Apr 24 ’24. After this action, Palantir Technologies Inc. now owns 5,233,625 shares of Palantir Technologies Inc, valued at $6,972 using the latest closing price.
Palantir Technologies Inc., the Former 10% Owner of Palantir Technologies Inc, sale 18,471 shares at $0.37 during a trade that took place back on Apr 23 ’24, which means that Palantir Technologies Inc. is holding 5,252,246 shares at $6,792 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 21.09. 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 had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
