Planet Labs PBC (NYSE: PL) has seen a rise in its stock price by 4.49 in relation to its previous close of 4.01. However, the company has experienced a 3.71% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-12-16 that SAN FRANCISCO–(BUSINESS WIRE)–Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Ashley Johnson, President and Chief Financial Officer, will participate in a fireside chat at the 27th Annual Needham Growth Conference on January 14th, 2025, at 3:00 p.m. Eastern Time. The discussion will be hosted by Ryan Koontz, Managing Director & Senior Equity Research Analyst at Needham & Company. The company will also be available for 1×1 mee.
Is It Worth Investing in Planet Labs PBC (NYSE: PL) Right Now?
Additionally, the 36-month beta value for PL is 1.34. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PL is 198.11M and currently, short sellers hold a 2.67% ratio of that float. The average trading volume of PL on December 16, 2024 was 3.36M shares.
PL’s Market Performance
The stock of Planet Labs PBC (PL) has seen a 3.71% increase in the past week, with a 39.67% rise in the past month, and a 97.64% gain in the past quarter. The volatility ratio for the week is 10.93%, and the volatility levels for the past 30 days are at 9.32% for PL. The simple moving average for the last 20 days is 9.27% for PL stock, with a simple moving average of 80.61% 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 41.23% 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 -16.03% of loss for the given period.
Volatility was left at 9.32%, however, over the last 30 days, the volatility rate increased by 10.93%, as shares surge +41.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +84.82% upper at present.
During the last 5 trading sessions, PL rose by +2.48%, which changed the moving average for the period of 200-days by +84.00% in comparison to the 20-day moving average, which settled at $3.83. In addition, Planet Labs PBC saw 69.64% 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:
- -0.54 for the present operating margin
- 0.56 for the gross margin
The net margin for Planet Labs PBC stands at -0.49. The total capital return value is set at -0.26. Equity return is now at value -23.67, with -17.57 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 -0.65. The debt to equity ratio resting at 0.05. The interest coverage ratio of the stock is -7.92.
Currently, EBITDA for the company is -92.06 million with net debt to EBITDA at 1.4. When we switch over and look at the enterprise to sales, we see a ratio of 4.69. The receivables turnover for the company is 6.22for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.32.
Conclusion
In conclusion, Planet Labs PBC (PL) has seen better performance in recent times. Analysts have a bullish 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.
