The trading price of Palantir Technologies Inc. (NYSE:PLTR) floating lower at last check on Tuesday, Feb 23, closing at $28, -3.57% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $23.90 and $27.45. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $45 and a 52-week low of $8.9. Over the past month, the stock has gained 7.78% in value.
Palantir Technologies Inc., whose market valuation is $42.34 Billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.04 per share this quarter, however they have predicted annual earnings per share of $0.16 for 2021 and $0.21 for 2022. It means analysts are expecting annual earnings per share growth of -0.2% this year and 0.31% next year.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PLTR a recommendation rating is 8. Out of them, 1 rate it a Hold, while 2 recommend Buy, whereas none assign an Outperform rating. 1 analyst(s) have tagged Palantir Technologies Inc. (PLTR) as Underperform, while 4 advise Sell. Analysts have rated the stock Underweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that PLTR’s price is currently -17.72% off the SMA20 and -6.46% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.56, and weekly volatility stands at 10%. When measured over the past 30 days, the indicator reaches 13.34%. Palantir Technologies Inc. (NYSE:PLTR)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 3.61. With analysts defining $15-$40 as the low and high price targets, we arrive at a consensus price target of $25.83 for the trailing 12-month period. The current price is about -44.44% off the estimated low and 48.15% off the forecast high, based on this estimate. Investors will be thrilled if PLTR’s share price rises to $23.5, which is the median consensus price. At that level, PLTR’s share price would be -12.96% above current price.
To see how Palantir Technologies Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: PLTR stock’s performance was -3.57% at last check in today’s session, and 0% in the past year, while Spotify Technology S.A. (SPOT) has been trading -5.67% in recent session and positioned +138.12% higher than it was a year ago. Another comparable company Docusign Inc (DOCU) saw its stock trading -2.02% lower in today’s session but was up +174.44% in a year. Furthermore, Aptiv Plc (APTV) showed a decline of -3.57% today while its price kept declining at 0% over the past year. Palantir Technologies Inc. has a P/E ratio of 0, compared to Spotify Technology S.A.’s 0 and Docusign Inc’s 0. Also during today’s trading, the S&P 500 Index has soared -0.49%, while the Dow Jones Industrial also saw a negative seesion, down -0.27% today.
An evaluation of the daily trading volume of Palantir Technologies Inc. (NYSE:PLTR) indicates that the 3-month average is 83.95 Million. However, this figure has declined over the past 10 days to an average of 227.09 Million.
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Currently, records show that 1.47 Billion of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 13.04% of outstanding shares, whereas institutions hold 12.53%. The stats also highlight that short interest as of January 28, 2021, stood at 61.1 Million shares, resulting in a short ratio of 0.98 at that time. From this, we can conclude that short interest is 3.25% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 90.74 Million. However, since the stock’s price has seen +18.9% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.