Palantir Technologies Inc. (NYSE:PLTR) shares, dropped in value on Thursday, Jan 14, with the stock price down by -1.56% to the previous day’s close as weak demand from buyers trailed the stock to $25.1.
Actively observing the price movement in the recent trading, the stock is buoying the session at $25.5, falling within a range of $24.37 and $25.62. The value of beta (5-year monthly) is 0 whereas the PE ratio is 0 over 12-month period. Referring to stock’s 52-week performance, its high was $33.5, and the low was $8.9. On the whole, PLTR has fluctuated by -6.25% over the past month.
7 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 2 analyst(s), 1 recommend it as a Buy and no body called the PLTR stock Outperform. In the meantime, none analyst(s) believe the stock as Underperform and 4 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Underweight.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PLTR currently trading nearly -2.86% and 11.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.22, while the 7-day volatility ratio is showing 7.12% which for the 30-day chart, stands at 6.99%. Furthermore, Palantir Technologies Inc. (PLTR)’s beta value is 0, and its average true range (ATR) is 2.03. The company’s stock has been forecasted to trade at an average price of $17.83 over the course of the next 52 weeks, with a low of $13 and a high of $30. Based on these price targets, the low is -48.21 off current price, whereas the price has to move +19.52% to reach the yearly target high. Additionally, analysts’ median price of $16 is likely to be welcomed by investors because it represents an increase of -36.26% from the current levels.
A comparison of Palantir Technologies Inc. (PLTR) with its peers suggests the former has fared considerably weaker in the market. PLTR showed an intraday change of -1.56% in today’s session so far, and over the past year, it dropped by 0%. In comparison, Spotify Technology S.A. (SPOT) has moved lower at -1.37% today and is up +132.3% over the past 12 months. On the other hand, the price of Docusign Inc (DOCU) has fallen -1.45% today. The stock, however, is off 251.44% from where it was a year ago. Additionally, there is a decline of -156% for Thomson Reuters Corp (TRI) in recent trading while the stock has seen an overall depriciation of 0% over the past year. The PE ratio stands at 0 for Palantir Technologies Inc., compared to 0 for Spotify Technology S.A., and 0 for Docusign Inc. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 0.21%. Meanwhile, the Dow Jones Industrial improved by 0.37%.
Data on historical trading for Palantir Technologies Inc. (NYSE:PLTR) indicates that the trading volumes over the past 10 days have averaged 36.36 Million and over the past 3 months, they’ve averaged 58.24 Million. According to company’s latest data on outstanding shares, there are 496.53 Million shares outstanding.
Nearly 13.04% of Palantir Technologies Inc.’s shares belong to company insiders and institutional investors own 12.53% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 90.74 Million shares as on December 30, 2020, resulting in a short ratio of 1.29. According to the data, the short interest in Palantir Technologies Inc. (PLTR) stood at 4.83% of shares outstanding as of December 30, 2020; the number of short shares registered in November reached 61.3 Million. The stock has risen by +8.28% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PLTR stock heading into the next quarter.
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