Palantir Technologies Inc (NYSE:PLTR) shares, rose in value, with the stock price down by -4.88% to the previous day’s close as strong demand from buyers drove the stock to $41.56.
Actively observing the price movement in the last trading, the stock closed the session at $43.69, falling within a range of $40.9 and $43.295. The value of beta (5-year monthly) was 2.72 whereas the PE ratio was 244.61 over 12-month period. Referring to stock’s 52-week performance, its high was $45.14, and the low was $14.48. On the whole, PLTR has fluctuated by 10.86% over the past month.
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With the market capitalization of Palantir Technologies Inc currently standing at about $93.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.76B, with a low estimate of 678M and a high estimate of 724.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 701.13M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 9.97, with the price of PLTR currently trading nearly -2.79% and 10.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.35, while the 7-day volatility ratio is showing 3.06% which for the 30-day chart, stands at 3.61%. Furthermore, Palantir Technologies Inc (PLTR)’s beta value is 2.72, and its average true range (ATR) is 1.46.
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 -4.88% in last session, and over the past year, it grew by 180.81%%.
Data on historical trading for Palantir Technologies Inc (NYSE:PLTR) indicates that the trading volumes over the past 10 days have averaged 35.77 and over the past 3 months, they’ve averaged 59.29 million. According to company’s latest data on outstanding shares, there are 2.10 billion shares outstanding.
Nearly 10.08% of Palantir Technologies Inc’s shares belong to company insiders and institutional investors own 42.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 95.59 million shares as on 2024-10-15, resulting in a short ratio of 1.26. According to the data, the short interest in Palantir Technologies Inc (PLTR) stood at 480.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 67.11 million. The stock has risen by 142.05% 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.
