Palantir Technologies Inc (NYSE:PLTR) price on Friday, May 31, fall -0.53% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.61.
A look at the stock’s price movement, the level at last check in today’s session was $21.73. The PE ratio in trailing twelve months stood at 170.60. Turning to its 52-week performance, $27.50 and $13.56 were the 52-week high and 52-week low respectively. Overall, PLTR moved -2.28% over the past month.
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Palantir Technologies Inc’s market cap currently stands at around $48.13 billion.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PLTR is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
PLTR’s current price about -0.10% and -2.84% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.68, while 7-day volatility ratio is 3.05% and 3.36% in the 30-day chart. Further, Palantir Technologies Inc (PLTR) has a beta value of 2.71, and an average true range (ATR) of 0.81.
If we refocus on Palantir Technologies Inc (NYSE:PLTR), historical trading data shows that trading volumes averaged 49.25 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.10 billion shares.
The 14.46% of Palantir Technologies Inc’s shares are in the hands of company insiders while institutional holders own 40.00% of the company’s shares. Current price change has pushed the stock 25.89% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PLTR stock continues to rise going into the next quarter.
