The stock of Palantir Technologies Inc (PLTR) has seen a 5.32% increase in the past week, with a 22.07% gain in the past month, and a 70.53% flourish in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 3.64% for PLTR. The simple moving average for the last 20 days is 7.32% for PLTR stock, with a simple moving average of 66.89% for the last 200 days.
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 264.69x compared to its average ratio, The 36-month beta value for PLTR is at 2.71. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for PLTR is 2.01B, and currently, shorts hold a 4.75% of that float. The average trading volume for PLTR on October 29, 2024 was 59.15M shares.
PLTR) stock’s latest price update
Palantir Technologies Inc (NYSE: PLTR)’s stock price has increased by 0.25 compared to its previous closing price of 44.86. However, the company has seen a 5.32% increase in its stock price over the last five trading sessions. zacks.com reported 2024-10-28 that The latest trading day saw Palantir Technologies Inc. (PLTR) settling at $44.97, representing a +0.25% change from its previous close.
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 21.13% 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 -0.22% of loss for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +20.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +40.18% upper at present.
During the last 5 trading sessions, PLTR rose by +5.32%, which changed the moving average for the period of 200-days by +169.60% in comparison to the 20-day moving average, which settled at $41.90. In addition, Palantir Technologies Inc saw 161.91% 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 ALEXANDER C KARP, who proposed sale 3,337,048 shares at the price of $44.86 back on Oct 28 ’24. After this action, ALEXANDER C KARP now owns shares of Palantir Technologies Inc, valued at $149,699,973 using the latest closing price.
ALEXANDER C KARP, the Director of Palantir Technologies Inc, proposed sale 1,706,841 shares at $43.56 during a trade that took place back on Oct 25 ’24, which means that ALEXANDER C KARP is holding shares at $74,349,994 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 38.76. 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 conclusion, Palantir Technologies Inc (PLTR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
