The price-to-earnings ratio for Palantir Technologies Inc (NYSE: PLTR) is above average at 178.52x, Company’s 36-month beta value is 2.71.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 1.97B, and currently, short sellers hold a 3.05% ratio of that floaft. The average trading volume of PLTR on September 09, 2024 was 45.95M shares.
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PLTR) stock’s latest price update
Palantir Technologies Inc (NYSE: PLTR)’s stock price has increased by 0.56 compared to its previous closing price of 30.16. However, the company has seen a -2.16% decrease in its stock price over the last five trading sessions. finbold.com reported 2024-09-08 that American software and data analytics company Palantir (NYSE: PLTR) is among the hottest stocks in the market, having witnessed an 82% rally in 2024.
PLTR’s Market Performance
Palantir Technologies Inc (PLTR) has seen a -2.16% fall in stock performance for the week, with a 15.24% gain in the past month and a 27.49% surge in the past quarter. The volatility ratio for the week is 4.05%, and the volatility levels for the past 30 days are at 4.06% for PLTR. The simple moving average for the last 20 days is -2.19% for PLTR stock, with a simple moving average of 31.67% for the last 200 days.
Analysts’ Opinion of PLTR
Many brokerage firms have already submitted their reports for PLTR stocks, with Northland Capital repeating the rating for PLTR by listing it as a “Market Perform.” The predicted price for PLTR in the upcoming period, according to Northland Capital is $35 based on the research report published on August 22, 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 $18, previously predicting the price at $20. The rating they have provided for PLTR stocks is “Sell” according to the report published on August 06th, 2024.
Mizuho gave a rating of “Underperform” to PLTR, setting the target price at $22 in the report published on July 16th of the current year.
PLTR Trading at 6.24% 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 -8.44% of loss for the given period.
Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 4.05%, as shares surge +3.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.85% upper at present.
During the last 5 trading sessions, PLTR fell by -2.16%, which changed the moving average for the period of 200-days by +48.02% in comparison to the 20-day moving average, which settled at $31.06. In addition, Palantir Technologies Inc saw 76.65% 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 $30.89 back on Sep 03 ’24. After this action, Moore Alexander D. now owns 1,510,630 shares of Palantir Technologies Inc, valued at $617,870 using the latest closing price.
Palantir Technologies Inc., the 10% Owner of Palantir Technologies Inc, sale 156,629 shares at $0.07 during a trade that took place back on Sep 03 ’24, which means that Palantir Technologies Inc. is holding 9,174,561 shares at $10,212 based on the most recent closing price.
Stock Fundamentals for PLTR
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.81 for the gross margin
The net margin for Palantir Technologies Inc stands at 0.16. The total capital return value is set at 0.07. Equity return is now at value 11.55, with 8.82 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 2.74. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 332.57.
Currently, EBITDA for the company is 153.32 million with net debt to EBITDA at -0.69. When we switch over and look at the enterprise to sales, we see a ratio of 26.11. The receivables turnover for the company is 3.76for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.92.
Conclusion
In a nutshell, Palantir Technologies Inc (PLTR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
