Palantir Technologies Inc (NYSE: PLTR)’s stock price has gone rise by 3.08 in comparison to its previous close of 43.56, however, the company has experienced a 4.49% increase in its stock price over the last five trading days. youtube.com reported 2024-10-25 that Joe Lonsdale, Palantir co-founder and 8VC founding partner, joins ‘Squawk Box’ to discuss reports of Elon Musk’s secret conversations with Vladimir Putin, state of the 2024 election, and more.
Is It Worth Investing in Palantir Technologies Inc (NYSE: PLTR) Right Now?
The price-to-earnings ratio for Palantir Technologies Inc (NYSE: PLTR) is 264.27x, which is above its average ratio. Moreover, the 36-month beta value for PLTR is 2.71. Analysts have varying opinions 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 4.75% of that float. On October 25, 2024, PLTR’s average trading volume was 59.08M shares.
PLTR’s Market Performance
PLTR stock saw an increase of 4.49% in the past week, with a monthly gain of 21.02% and a quarterly increase of 65.81%. The volatility ratio for the week is 2.95%, and the volatility levels for the last 30 days are 3.66% for Palantir Technologies Inc (PLTR). The simple moving average for the last 20 days is 8.15% for PLTR’s stock, with a simple moving average of 67.51% 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 21.79% 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 able to rebound, for now settling with 1.15% of gains for the given period.
Volatility was left at 3.66%, however, over the last 30 days, the volatility rate increased by 2.95%, as shares surge +22.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +44.06% upper at present.
During the last 5 trading sessions, PLTR rose by +4.67%, which changed the moving average for the period of 200-days by +167.87% in comparison to the 20-day moving average, which settled at $41.52. In addition, Palantir Technologies Inc saw 161.50% 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 Stat Lauren Elaina Friedman, who sale 7,321 shares at the price of $43.90 back on Oct 11 ’24. After this action, Stat Lauren Elaina Friedman now owns 138,304 shares of Palantir Technologies Inc, valued at $321,392 using the latest closing price.
DAVID STAT, the Director of Palantir Technologies Inc, proposed sale 7,321 shares at $43.52 during a trade that took place back on Oct 11 ’24, which means that DAVID STAT is holding shares at $318,610 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 38.71. 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 wrap up, the performance of Palantir Technologies Inc (PLTR) has been better in recent times. The stock has received a mixed of “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.
