The stock of Palantir Technologies Inc (NYSE: PLTR) has increased by 0.11 when compared to last closing price of 43.52. Despite this, the company has experienced a 8.90% gain in its stock price over the last five trading sessions. finbold.com reported 2024-10-11 that Palantir Technologies Inc. (NYSE: PLTR) has had a standout year in 2024, emerging as a key player in the artificial intelligence (AI) space. The company’s platforms—Gotham, Foundry, Apollo, and AIP—have driven investor interest, showcasing Palantir’s strength in AI innovation.
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 256.44x compared to its average ratio. PLTR has 36-month beta value of 2.71. Analysts have mixed views on the stock, 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 2.01B, and currently, short sellers hold a 4.85% ratio of that float. The average trading volume of PLTR on October 11, 2024 was 60.30M shares.
PLTR’s Market Performance
The stock of Palantir Technologies Inc (PLTR) has seen a 8.90% increase in the past week, with a 24.81% rise in the past month, and a 51.97% gain in the past quarter. The volatility ratio for the week is 4.16%, and the volatility levels for the past 30 days are at 3.67% for PLTR. The simple moving average for the past 20 days is 13.16% for PLTR’s stock, with a 70.91% simple moving average for the past 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 28.37% 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 -0.70% of loss for the given period.
Volatility was left at 3.67%, however, over the last 30 days, the volatility rate increased by 4.16%, as shares surge +22.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +66.81% upper at present.
During the last 5 trading sessions, PLTR rose by +8.74%, which changed the moving average for the period of 200-days by +146.07% in comparison to the 20-day moving average, which settled at $38.50. In addition, Palantir Technologies Inc saw 153.76% 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 Taylor Ryan D., who sale 195,500 shares at the price of $40.00 back on Oct 04 ’24. After this action, Taylor Ryan D. now owns 331,369 shares of Palantir Technologies Inc, valued at $7,820,704 using the latest closing price.
Planishek Heather A. sale 20,000 shares at $39.95 during a trade that took place back on Oct 04 ’24, which means that Planishek Heather A. is holding 562,006 shares at $799,042 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 37.49. 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 put it simply, Palantir Technologies Inc (PLTR) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
