Palantir Technologies Inc (NYSE: PLTR) has a price-to-earnings ratio that is above its average at 212.87x. The stock has a 36-month beta value of 2.69. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PLTR is 1.95B, and at present, short sellers hold a 4.17% of that float. On July 26, 2024, the average trading volume of PLTR was 45.45M shares.
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PLTR) stock’s latest price update
Palantir Technologies Inc (NYSE: PLTR) has experienced a rise in its stock price by 1.28 compared to its previous closing price of 26.63. However, the company has seen a fall of -5.63% in its stock price over the last five trading days. investorplace.com reported 2024-07-26 that Following a series of historic events for the modern era, former President Donald Trump has never looked more likely to become president. This is especially relevant to investors in the broader artificial intelligence industry, who are waiting to see how the next administration will handle the regulation of AI.
PLTR’s Market Performance
Palantir Technologies Inc (PLTR) has experienced a -5.63% fall in stock performance for the past week, with a 11.91% rise in the past month, and a 24.23% rise in the past quarter. The volatility ratio for the week is 5.54%, and the volatility levels for the past 30 days are at 4.46% for PLTR. The simple moving average for the last 20 days is -1.54% for PLTR’s stock, with a simple moving average of 26.65% for the last 200 days.
Analysts’ Opinion of PLTR
Many brokerage firms have already submitted their reports for PLTR stocks, with Mizuho repeating the rating for PLTR by listing it as a “Underperform.” The predicted price for PLTR in the upcoming period, according to Mizuho is $22 based on the research report published on July 16, 2024 of the current year 2024.
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 June 21st, 2024.
Argus gave a rating of “Buy” to PLTR, setting the target price at $29 in the report published on June 17th of the current year.
PLTR Trading at 9.67% 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 -9.59% of loss for the given period.
Volatility was left at 4.46%, however, over the last 30 days, the volatility rate increased by 5.54%, as shares surge +6.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.37% upper at present.
During the last 5 trading sessions, PLTR fell by -5.95%, which changed the moving average for the period of 200-days by +52.64% in comparison to the 20-day moving average, which settled at $27.48. In addition, Palantir Technologies Inc saw 57.08% 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 19,998 shares at the price of $0.09 back on Jul 22 ’24. After this action, Palantir Technologies Inc. now owns 10,248,391 shares of Palantir Technologies Inc, valued at $1,830 using the latest closing price.
Palantir Technologies Inc., the 10% Owner of Palantir Technologies Inc, sale 23,600 shares at $0.09 during a trade that took place back on Jul 19 ’24, which means that Palantir Technologies Inc. is holding 10,268,389 shares at $2,150 based on the most recent closing price.
Stock Fundamentals for PLTR
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.81 for the gross margin
The net margin for Palantir Technologies Inc stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 9.19, with 7.03 for asset returns.
Based on Palantir Technologies Inc (PLTR), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 3.01. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 89.63.
Currently, EBITDA for the company is 153.32 million with net debt to EBITDA at -1.12. When we switch over and look at the enterprise to sales, we see a ratio of 24.35. The receivables turnover for the company is 4.79for 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 5.91.
Conclusion
To sum up, Palantir Technologies Inc (PLTR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
