Palantir Technologies Inc. (NYSE:PLTR) price closed higher on Friday, Jan 22, jumping 25.4% above its previous close.

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A look at the daily price movement shows that the last close reads $25.98, with intraday deals fluctuated between $25.82 and $32.65. The company’s 5Y monthly beta was ticking 0 while its P/E ratio in the trailing 12-month period read 0. Taking into account the 52-week price action we note that the stock hit a 52-week high of $33.5 and 52-week low of $8.9. The stock added 14.28% on its value in the past month.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 8 analysts have assigned PLTR a recommendation rating as follows: 3 rate it as a Hold; 1 advise Buy while none analyst(s) assign an Outperform rating. None analyst(s) have tagged the Palantir Technologies Inc. (PLTR) stock as Underperform, with 4 recommending Sell. In general, analysts have rated the stock Underweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0. The overview shows that PLTR’s price is at present 27.21% off the SMA20 and 35.69% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 71.05, with weekly volatility standing at 1081%. The indicator drops to 7.98% when calculated based on the past 30 days. Palantir Technologies Inc. (NYSE:PLTR)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 2.19. Considering analysts have assigned the stock a price target range of $13-$30 as the low and high respectively, we find the trailing 12-month average consensus price target to be $17.83. Based on this estimate, we see that current price is roughly -60.1% off the estimated low and -7.92% off the forecast high. Investors will no doubt be excited to see the share price rise to $16, which is the median consensus price, and at that level PLTR would be -50.89% from current price.

Turning out attention to how the Palantir Technologies Inc. stock has performed in comparison to its peers in the industry, here’s what we find: PLTR’s stock is +25.4% on the day and 0% in the past 12 months, while Spotify Technology S.A. (SPOT) traded -2.68% in the last session and was positioned +127.54% up on its price 12 months ago. Another comparison is with Docusign Inc (DOCU) whose stock price was up 0.48% in the last trading session, and has flourished +243.27% over the past year. Also, Thomson Reuters Corp (TRI) showed uptrend of 25.4% while its price kept floating at 0% over the past year. As for Palantir Technologies Inc., the P/E ratio stands at 0 lower than that of Spotify Technology S.A.’s at 0 and Docusign Inc’s 0. Elsewhere in the market, the S&P 500 Index has fell -0.3% in last trading session, with the Dow Jones Industrial also saw a negative session on the day with -0.57%.

An analysis of the Palantir Technologies Inc. (NYSE:PLTR) stock in terms of its daily trading volume indicates that the 3-month average is 65.07 Million. However, this figure increases on the past 10-day timeline to an average of 66.26 Million.

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Curent records show that the company has 496.53 Million in outstanding shares. According to data from Thomson Reuters, insiders’ percentage holdings are 13.04% of outstanding shares while the percentage share held by institutions stands at 12.53%. The stats also highlight that short interest as of December 30, 2020, stood at 90.74 Million shares, which puts the short ratio at the time at 1.29. From this we can glean that short interest is 4.83% of company’s current outstanding shares. Notably, we see that shares short in December rose slightly given the previous month’s figure stood at 61.3 Million. But the +38.34% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.


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