The stock price of Palantir Technologies Inc (NYSE: PLTR) has plunged by -0.95 when compared to previous closing price of 37.10, but the company has seen a -1.22% decline in its stock price over the last five trading sessions. finbold.com reported 2024-09-27 that The technology giant Palantir (NYSE: PLTR) has been on a strong uptrend through much of September, driven by both its prominent involvement in the artificial intelligence (AI) boom, and the recent inclusion in the S&P 500 index.
Is It Worth Investing in Palantir Technologies Inc (NYSE: PLTR) Right Now?
Palantir Technologies Inc (NYSE: PLTR) has a price-to-earnings ratio that is above its average at 216.28x. The stock has a 36-month beta value of 2.72. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PLTR is 1.97B, and at present, short sellers hold a 3.41% of that float. On September 27, 2024, the average trading volume of PLTR was 58.34M shares.
PLTR’s Market Performance
PLTR stock saw an increase of -1.22% in the past week, with a monthly gain of 21.03% and a quarterly increase of 45.07%. The volatility ratio for the week is 3.52%, and the volatility levels for the last 30 days are 3.82% for Palantir Technologies Inc (PLTR). The simple moving average for the last 20 days is 6.35% for PLTR stock, with a simple moving average of 51.34% for the last 200 days.
Analysts’ Opinion of PLTR
Northland Capital, on the other hand, stated in their research note that they expect to see PLTR reach a price target of $35. The rating they have provided for PLTR stocks is “Market Perform” according to the report published on August 22nd, 2024.
Monness Crespi & Hardt gave a rating of “Sell” to PLTR, setting the target price at $18 in the report published on August 06th of the current year.
PLTR Trading at 17.73% 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 -3.78% of loss for the given period.
Volatility was left at 3.82%, however, over the last 30 days, the volatility rate increased by 3.52%, as shares surge +19.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +29.15% upper at present.
During the last 5 trading sessions, PLTR fell by -0.57%, which changed the moving average for the period of 200-days by +108.15% in comparison to the 20-day moving average, which settled at $34.85. In addition, Palantir Technologies Inc saw 114.01% 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 THIEL PETER, who sale 7,362,247 shares at the price of $36.87 back on Sep 24 ’24. After this action, THIEL PETER now owns 55,488,941 shares of Palantir Technologies Inc, valued at $271,464,726 using the latest closing price.
THIEL PETER, the Director of Palantir Technologies Inc, sale 4,561,502 shares at $37.07 during a trade that took place back on Sep 26 ’24, which means that THIEL PETER is holding 46,672,773 shares at $169,092,142 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 31.54. 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
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.
