The stock of Palantir Technologies Inc (PLTR) has gone down by -4.36% for the week, with a 44.40% rise in the past month and a 103.89% rise in the past quarter. The volatility ratio for the week is 6.86%, and the volatility levels for the past 30 days are 4.99% for PLTR. The simple moving average for the past 20 days is 14.81% for PLTR’s stock, with a 106.14% simple moving average for the past 200 days.
Is It Worth Investing in Palantir Technologies Inc (NYSE: PLTR) Right Now?
Palantir Technologies Inc (NYSE: PLTR) has a price-to-earnings ratio of 318.48x that is above its average ratio. Additionally, the 36-month beta value for PLTR is 2.79. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 8 rating it as “hold,” and 5 rating it as “sell.”
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The public float for PLTR is 2.05B and currently, short sellers hold a 4.16% ratio of that float. The average trading volume of PLTR on November 22, 2024 was 67.09M shares.
PLTR) stock’s latest price update
Palantir Technologies Inc (NYSE: PLTR)’s stock price has plunge by 2.51relation to previous closing price of 61.36. Nevertheless, the company has seen a -4.36% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that Recently, Zacks.com users have been paying close attention to Palantir Technologies (PLTR). This makes it worthwhile to examine what the stock has in store.
Analysts’ Opinion of PLTR
Many brokerage firms have already submitted their reports for PLTR stocks, with Jefferies repeating the rating for PLTR by listing it as a “Underperform.” The predicted price for PLTR in the upcoming period, according to Jefferies is $28 based on the research report published on November 07, 2024 of the current year 2024.
PLTR Trading at 37.03% 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 -4.70% of loss for the given period.
Volatility was left at 4.99%, however, over the last 30 days, the volatility rate increased by 6.86%, as shares surge +39.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +76.40% upper at present.
During the last 5 trading sessions, PLTR fell by -4.55%, which changed the moving average for the period of 200-days by +156.14% in comparison to the 20-day moving average, which settled at $54.78. In addition, Palantir Technologies Inc saw 266.34% 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 482,241 shares at the price of $62.12 back on Nov 21 ’24. After this action, ALEXANDER C KARP now owns shares of Palantir Technologies Inc, valued at $29,956,811 using the latest closing price.
Karp Alexander C. sale 1,007,496 shares at $63.96 during a trade that took place back on Nov 18 ’24, which means that Karp Alexander C. is holding 6,432,258 shares at $64,439,860 based on the most recent closing price.
Stock Fundamentals for PLTR
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.81 for the gross margin
The net margin for Palantir Technologies Inc stands at 0.18. The total capital return value is set at 0.08. Equity return is now at value 12.40, with 9.57 for asset returns.
Based on Palantir Technologies Inc (PLTR), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 20.88. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 2684.96.
Currently, EBITDA for the company is 153.32 million with net debt to EBITDA at -1.29. When we switch over and look at the enterprise to sales, we see a ratio of 51.7. The receivables turnover for the company is 3.96for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.67.
Conclusion
In conclusion, Palantir Technologies Inc (PLTR) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
