Planet Labs PBC (NYSE: PL)’s stock price has increased by 0.77 compared to its previous closing price of 2.61. However, the company has seen a 13.36% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-10-21 that SAN FRANCISCO–(BUSINESS WIRE)–Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today released Analysis-Ready PlanetScope (ARPS). ARPS harnesses a cutting-edge proprietary algorithm to create harmonized and spatially consistent near-daily stacks of images that enable time-series analysis and machine learning applications. ARPS normalizes data from PlanetScope’s daily 3m imagery by reducing inconsistencies between captures. It then harmonizes that data with.
Is It Worth Investing in Planet Labs PBC (NYSE: PL) Right Now?
The 36-month beta value for PL is also noteworthy at 1.04. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for PL is 195.96M, and at present, short sellers hold a 3.02% of that float. The average trading volume of PL on November 13, 2024 was 2.44M shares.
PL’s Market Performance
The stock of Planet Labs PBC (PL) has seen a 13.36% increase in the past week, with a 15.86% rise in the past month, and a 26.44% gain in the past quarter. The volatility ratio for the week is 5.93%, and the volatility levels for the past 30 days are at 4.92% for PL. The simple moving average for the last 20 days is 11.21% for PL stock, with a simple moving average of 22.42% for the last 200 days.
Analysts’ Opinion of PL
Many brokerage firms have already submitted their reports for PL stocks, with Needham repeating the rating for PL by listing it as a “Buy.” The predicted price for PL in the upcoming period, according to Needham is $5 based on the research report published on September 06, 2024 of the current year 2024.
JMP Securities gave a rating of “Mkt Outperform” to PL, setting the target price at $5.50 in the report published on May 02nd of the previous year.
PL Trading at 17.63% from the 50-Day Moving Average
After a stumble in the market that brought PL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.00% of loss for the given period.
Volatility was left at 4.92%, however, over the last 30 days, the volatility rate increased by 5.93%, as shares surge +16.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.35% upper at present.
During the last 5 trading sessions, PL rose by +13.36%, which changed the moving average for the period of 200-days by +7.35% in comparison to the 20-day moving average, which settled at $2.37. In addition, Planet Labs PBC saw 6.48% 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 PL starting from Johnson Ashley F., who sale 1,000 shares at the price of $2.53 back on Apr 01 ’24. After this action, Johnson Ashley F. now owns 1,957,012 shares of Planet Labs PBC, valued at $2,530 using the latest closing price.
Johnson Ashley F., the CFO & COO of Planet Labs PBC, sale 1,000 shares at $2.18 during a trade that took place back on Mar 01 ’24, which means that Johnson Ashley F. is holding 838,882 shares at $2,180 based on the most recent closing price.
Stock Fundamentals for PL
Current profitability levels for the company are sitting at:
- -0.61 for the present operating margin
- 0.52 for the gross margin
The net margin for Planet Labs PBC stands at -0.58. The total capital return value is set at -0.28. Equity return is now at value -26.87, with -19.74 for asset returns.
Based on Planet Labs PBC (PL), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -1.75. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -8.69.
Currently, EBITDA for the company is -122.11 million with net debt to EBITDA at 1.35. When we switch over and look at the enterprise to sales, we see a ratio of 2.71. The receivables turnover for the company is 5.37for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.32.
Conclusion
In summary, Planet Labs PBC (PL) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
