Palantir Technologies Inc (NYSE:PLTR) shares, rose in value, with the stock price up by 3.61% to the previous day’s close as strong demand from buyers drove the stock to $23.79.
Actively observing the price movement in the last trading, the stock closed the session at $22.96. The PE ratio was 187.77 over 12-month period. Referring to stock’s 52-week performance, its high was $27.50, and the low was $13.56. On the whole, PLTR has fluctuated by 11.17% over the past month.
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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PLTR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PLTR currently trading nearly 11.09% and 7.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.74, while the 7-day volatility ratio is showing 4.27% which for the 30-day chart, stands at 3.26%. Furthermore, Palantir Technologies Inc (PLTR)’s beta value is 2.69, and its average true range (ATR) is 0.86.
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 3.61% in last session, and over the past year, it grew by 53.88%%.
Data on historical trading for Palantir Technologies Inc (NYSE:PLTR) indicates that the trading volumes over the past 3 months, they’ve averaged 48.19 million. According to company’s latest data on outstanding shares, there are 2.10 billion shares outstanding.
Nearly 14.46% of Palantir Technologies Inc’s shares belong to company insiders and institutional investors own 40.01% of the company’s shares. The stock has risen by 38.56% 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.
